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GBP/USD extends sell-off to 1.3100 on Bailey's dovish remarks

GBP/USD extends sell-off to 1.3100 on Bailey's dovish remarks

GBP/USD extends its sell-off to 1.3100 in the European trading hours on Thursday. The pair bears the brunt of the dovish comments from BoE Governor Andrew Bailey, who said that the central bank could become 'more activist' on rate cuts if inflation eases. Mideast concerns-led risk aversion also weighs on the pair. 

GBP/USD News
EUR/USD sits at three-week lows below 1.1050 on USD strength

EUR/USD sits at three-week lows below 1.1050 on USD strength

EUR/USD stays pressured below 1.1050 in the European session on Thursday, testing three-week lows. Sustained US Dollar strength, on fading outsized Fed rate cut bets and Middle East escalation, weighs on the pair. Meanwhile, increased bets for a 50 bps Oct ECB rate cut undermine the Euro. 

EUR/USD News
Gold stuck in a range after collapse of aggressive Fed bets, haven demand underpins

Gold stuck in a range after collapse of aggressive Fed bets, haven demand underpins

Gold oscillates in a tight range after bets fade that the Fed will continue slashing interest rates aggressively. Support for Gold comes from increasing geopolitical risks and lower interest rates globally. 

Gold News
ISM Services PMI Preview: US services sector expected to expand in September

ISM Services PMI Preview: US services sector expected to expand in September

US ISM Services PMI is seen improving a tad in September. The US services sector is expected to remain within the expansionary territory. Investors continue to favour a soft-landing scenario of the US economy.

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RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

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Five best Forex brokers in 2024

Five best Forex brokers in 2024

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals. 

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