Author: FX
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GBP/USD Forecast: Pound Sterling tests key resistance, eyes on BoEGBP/USD holds its ground and trades above 1.3350 after posting strong gains on Wednesday. Investors stay on the sidelines while waiting for the Bank of England (BoE) to announce monetary policy decisions.The renewed selling pressure surrounding the US Dollar (USD) allowed GBP/USD to gather bullish momentum on Wednesday. US President Donald Trump’s renewed tariff threats revived concerns over the US economic outlook and weighed on the USD. Read more…Pound under pressure ahead of Bank of England meetingThe GBP/USD pair climbed to 1.3355 on Thursday as markets braced for today’s Bank of…
The Bank of England (BoE) announced on Thursday that it lowered the policy rate by 25 basis points (bps) to 4% after the August meeting, as widely anticipated.According to the policy statement, policymakers voted 5-4 in favor of the rate cut after the second round of voting. Policymaker Taylor voted to cut rates by 0.5 percentage points in first round, voted for 0.25 percentage point cut in second round of voting to avoid hold.Follow our live coverage of the BoE policy announcements and the market reaction.Key takeaways from BoE policy statement “It was first time MPC had two rounds of…
Gold price looks for a fresh trigger to break above the key resistance of $3,400.Fed officials turn dovish on the monetary policy outlook.US President Trump is expected to announce the tariff penalty on China for buying Oil from Russia.Gold price (XAU/USD) struggles to break above $3,400.00 after testing this key level early Thursday. The precious metal hesitates to extend upside even as Federal Reserve (Fed) officials have shown support for interest rate cuts in the remainder of the year.On Wednesday, Minneapolis Fed President Neel Kashkari, San Francisco Fed President Mary Daly and Fed Governor Lisa Cook argued in favor of…
Last week, Mexico once again reaped the benefits of the strong relationship between its president and the US president, resulting in a further 90-day postponement of higher reciprocal tariffs. While this does not mean that the issues in the negotiations have been resolved, the strong relationship between the two leaders offers hope that progress will be made in the coming weeks, Commerzbank’s FX analyst Michael Pfister notes. Rate decision is unlikely to impact the Peso significantly”Today, the focus of attention for the Mexican Peso is likely to be domestic factors. The inflation figures for July will be the first thing…
Gold price attracts some safe-haven flows in reaction to Trump’s fresh tariff threats.Rising bets for a Fed rate cut in September also benefit the non-yielding commodity.The USD drops to a nearly two-week low and offers additional support to XAU/USD.Gold price (XAU/USD) climbs to the top end of the weekly range during the early part of the European session on Thursday as fresh trade concerns boost demand for traditional safe-haven assets. Apart from this, the growing acceptance that the US Federal Reserve (Fed) will resume its rate-cutting cycle in September turns out to be another factor driving flows towards the non-yielding…
The MonEx indicator is a custom tool built for MetaTrader 4, aimed at improving signal clarity and reducing market noise. It works by analyzing price action and generating color-coded signals directly on the chart. These signals are easy to understand and help traders identify trend direction and potential reversal points with greater confidence. Unlike many other tools that rely heavily on lagging data, MonEx focuses on real-time movement and short-term trend behavior. This gives traders a better chance at catching early moves instead of reacting after the fact. Why Traders Like Using MonEx Traders appreciate the MonEx indicator for its…
As things stand, paying down debt is the main thing. US national debt has now crossed $36 trillion and they hold a budget deficit of $1.4 trillion this fiscal year. So, tariffs revenue is to help narrow that ever so slightly. investingLive Exclusive 1h ago Source link
CHF/JPY broke below a steep uptrend and now looks ready to stretch a month-long slide. Thinking of jumping into a safe haven showdown? Here’s what’s on the radar over on the 4-hour chart: CHF/JPY 4-hour Forex Chart by TradingView The Swiss franc has been losing ground to the yen since July, thanks in part to the uncertainty around the U.S.-EU tariff deal putting a damper on demand for European currencies like the franc. At the same time, Japan’s “non-binding” trade framework with the U.S. has shifted attention back to the Bank of Japan and the chance they might go back…
General Motors, Hyundai to develop vehicles together amid China EV competition Source link