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Gold retreats from June 17 highest amid USD uptick; holds above $4,300 pivotal support
Gold (XAU/USD) drifts lower at the start of a new week and moves away from its highest level since J...
Hormuz tensions escalate as unconfirmed missile attack amid fragile US-Iran talks
The ongoing US-Iran conflict has entered a crucial diplomatic phase, with intense fighting and strat...
PBOC sets USD/CNY reference rate at 6.7884 vs. 6.7904 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session a...
Forex Today: US Dollar holds ground despite US-Iran peace deal optimism
Here is what you need to know on Friday, May 22:
NVIDIA earnings: A quick glance at key metrics
We’ve all become highly familiar with NVIDIA’s (NVDA - Free Report) story over recent years, overall reflecting the poster-child for the AI trade thanks to its chips that are powering a huge part of t ...
France Business Climate in Manufacturing registered at 102 above expectations (100) in May
France Business Climate in Manufacturing registered at 102 above expectations (100) in May
Equities: Cyclicals lead as stagflation fears grow – Danske Bank
Danske Research Team notes that global equities advanced, with several markets near new all-time highs, in a volatile session dominated by macro data and Iran-related headlines.
Euro remains depressed near 0.8650 against the British Pound despite upbeat German data
The Euro (EUR) languishes at 11-day lows against the British Pound (GBP) on Friday, on track for a 0.85% weekly loss. The positive German Gross Domestic Product (GDP) data has failed to support the co ...
Turkish Lira drops to record lows after Ankara court annuls 2023 leadership contest
USD/TRY rises after a slight decline in the previous day, reaching a record high of 45.7778 during the Asian hours on Friday. The pair appreciates as the Turkish Lira (TRY) drops due to political unce ...
US Dollar Index Price Forecast: Continues to face pressure near 99.50
The US Dollar (USD) trades marginally higher during the early European trading session on Friday, even as market participants remain confident that the United States (US) and Iran will reach a deal so ...
British Pound: Sideways against US Dollar inside broader range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect GBP/USD to continue trading sideways between 1.3400 and 1.3460 after a strong rise failed to extend.
Euro: Conflict risks keep pressure against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD has fallen to around 1.16 as markets now price a higher probability of a Fed rate hike by year-end while expecting the European Central Bank (ECB) to reac ...
British Pound holds losses below 1.3450 on disappointing UK Retail Sales data
The GBP/USD pair declines to near 1.3420 during the early European trading hours on Friday. The British Pound (GBP) remains weak against the US Dollar (USD) following the worse-than-expected UK econom ...
Germany Gross Domestic Product (YoY) above forecasts (0.3%) in 1Q: Actual (0.4%)
Germany Gross Domestic Product (YoY) above forecasts (0.3%) in 1Q: Actual (0.4%)
United Kingdom Retail Sales fall 1.3% MoM in April vs. -0.6% expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) fell 1.3% month-over-month (MoM) in April after rising by a revised 0.6% in March, the latest data published by the Office ...