EUR/GBP rises above 0.8600 for the first time since early July
The EUR/GBP accelerated the move to the upside and jumped to 0.8601, reaching the highest level since July 6. While the euro is among the best performers, the pound is under pressure amid risk aversion. Read More...
GBP/USD struggles to preserve modest intraday gains and retreats to 1.1660 mark
The GBP/USD pair struggles to capitalize on its modest intraday uptick to the 1.1760 area and the previous YTD lows of July. After air-kissing those lows goodbye the pair appears to have retreated even further south during the early North American session. Cable is currently placed around the 1.1660 mark and remains well within the striking distance of its lowest level since March 2020, in the 1.1640s, touched the previous day. Read More...
GBP/USD to face a challenging environment – Commerzbank
In the United Kingdom, inflation is likely to be fuelled further, increasing pressure on the Bank of England (BoE). Thus, GBP/USD seems to continuously trend weaker at present, economists at Commerzbank report. Read More...
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Gold trades in a rangebound mood around $3,300
Gold now seems to have embarked on a daily consolidation around the $3,300 mark per troy ounce following an all-time peak near $3,320 during early trade. Continued concerns over the escalating US-China trade tensions and a weakening Greenback, support the demand for the metal prior to Powell's speech.
EUR/USD remains consolidative around 1.1350 on firmer US Retail Sales
EUR/USD maintains its daily gains around the 1.1350 region on the back of the resumption of the bearish tone in the Greenback, which showed no reaction to the stronger-than-expected Retail Sales in March. Later in the day, investors are expected to closely follow Fed Chairman Powell’s comments on the economic outlook.
GBP/USD recedes from tops and revisits the 1.3250 zone
GBP/USD extends its positive streak on Wednesday, now coming under some selling pressure around the 1.3250 after earlier multi-month tops around the 1.3300 mark. The daily uptick comes on the back of the weaker US Dollar and easing inflationary pressure in the UK.
Bitcoin stabilizes around $83,000 as China opens trade talks with President Trump’s administration
Bitcoin price stabilizes around $83,500 on Wednesday after facing multiple rejections around the 200-day EMA. Bloomberg reports that China is open to trade talks with President Trump’s administration.
Future-proofing portfolios: A playbook for tariff and recession risks
It does seem like we will be talking tariffs for a while. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.
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