GBP/USD churns below 1.27 ahead of UK CPI inflation print
GBP/USD churned chart paper just south of 1.2700 on Tuesday as Cable traders brace for a decently-sized UK data dump due on Wednesday, headlined by UK Consumer Price Index (CPI) inflation figures for October. US economic data takes a reprieve on Wednesday, leaving Cable markets the floorspace to focus on data that might tilt the Bank of England (BoE) toward or away from further rate cuts this year. Read More...
Pound Sterling slumps after MPC hearings, fresh escalation in Russia-Ukraine war
The Pound Sterling (GBP) fails to hold onto Monday’s recovery against the US Dollar (USD) and falls back in North American trading hours on Tuesday. The GBP/USD pair retreats as the US Dollar bounces back after fresh escalation in geopolitical tensions, which improved demand for safe-haven assets. The US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, rebounds from 106.10 and aimd to recapture the annual high of 107.00. Read More...
GBP/USD trades with mild positive bias on softer USD, remains below 1.2700 mark
The GBP/USD pair attracts buyers for the second straight day on Tuesday amid a modest US Dollar (USD) downtick and climbs back closer to the 1.2700 mark during the Asian session. Spot prices, however, lack bullish conviction as investors opt to wait for the Bank of England's (BoE) Monetary Policy Report Hearings before placing aggressive directional bets. Read More...
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AUD/USD holds steady below 0.6550 after PBOC's status quo
AUD/USD is trading in a tight range below 0.6550 in Asian trading on Wednesday. The pair lacks bullish conviction after the PBOC left the Lona Prime Rates unchanged. Escalating Russia-Ukraine geopolitical tensions keep the Aussie on the edge ahead of Fedspeak.
USD/JPY pares gains below 155.00 amid risk-off mood
USD/JPY is paring back gains below 155.00 in Wednesday's Asian session. A broadly softer US Dollar, a risk-off market mood and looming Japanese intervention risks limit the pair's upside. Mounting Russia-Ukraine tensions weigh on risk appetite, lending support to the safe-haven Japanese Yen.
Gold stays firm amid geopolitical concerns, nears $2,650
Gold price holds comfortably above $2,600, nearing $2,650 early Wednesday. Escalating geopolitical tensions on latest developments surrounding the Russia-Ukraine conflict and the pullback seen in US yields help Gold price hold its ground.
XRP on the verge of a rally to $1.96 as investors maintain bullish sentiment
Ripple's XRP trades at $1.11 on Wednesday, maintaining its position as the best-performing cryptocurrency in the top 20 cryptos by market capitalization, with over a 50% rise in the past week.
How could Trump’s Treasury Secretary selection influence Bitcoin?
Bitcoin remained upbeat above $91,000 on Tuesday, with Trump’s cabinet appointments in focus and after MicroStrategy purchases being more tokens.
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