XAU/USD Current price: $3,845.50Risk aversion kicked in during at the American opening, after the US misses data releases.Hawkish comments from Federal Reserve Lorie Logan temporarily supported the USD.XAU/USD could extend its bearish downward … [Continue reading]
How could federal government shutdown affect the US Dollar?
The United States’ (US) federal government officially shut down on Wednesday as lawmakers failed to pass funding by the deadline. Following a second round of voting, the Senate rejected House Republicans’ stopgap bill to restore funding. Why … [Continue reading]
Pound Sterling rises further against Greenback on weakening US job market
The Pound Sterling (GBP) ticks up to near 1.3500 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges higher as the US Dollar (USD) remains on the backfoot, with the United States (US) job market slowing … [Continue reading]
EUR/USD posts modest gains above 1.1700 as Supreme Court allows Fed’s Cook to stay in her post
EUR/USD trades with mild gains around 1.1735 in Thursday’s Asian session. Traders pondered the length of the US government shutdown and its effect on economic data releases.Fed Governor Cook to stay in her job until January. The … [Continue reading]
AUD/USD treads water ahead of Australian Trade Balance data
AUD/USD failed to move too far in either direction on Wednesday. Australian Trade Balance figures are due early Thursday.US government shutdown has crimped the flow of critical inflation and jobs data.AUD/USD took a breather on Wednesday, churning in … [Continue reading]
FX Today: The US government shutdown and its implications steal the headlines
Further weakness saw the US Dollar (USD) recede to new multi-day lows as investors evaluated the US federal government shutdown, which in turn reignited uncertainty in the global markets ahead of the key US data releases.Here’s what to watch on … [Continue reading]
GBP/USD surges to one-week high as weak ADP data and US government shutdown dent Dollar
GBP/USD climbs to a one-week high, its strongest since September 24, as the US Dollar weakens broadly.The ADP report showed US private-sector jobs fell by 32K in September.S&P Global Manufacturing PMI held steady at 52, while ISM Manufacturing … [Continue reading]
Germany 10-y Bond Auction rose from previous 2.25% to 2.72%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
India HSBC Manufacturing PMI below expectations (58.5) in September: Actual (57.7)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
South Korea S&P Global Manufacturing PMI rose from previous 48.3 to 50.7 in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]