EUR/USD weakens below 1.1700 as Fed keeps rates unchanged
The EUR/USD pair loses ground to near 1.1680 during the early European session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) after the US Federal Reserve (Fed)…
5 Reasons Why The Gold Rally Is Not Over Yet
+28.1%, +27.2%, +28.3% – this is the impressive performance of gold in the first 9 months of the year in US dollars, Euros and Swiss Francs, respectively. +42.3%, +35.0%, +31.1%…
Forex Today: US Dollar surges amid Fed’s hawkish hold in Powell’s last meeting
Here is what you need to know for Thursday, April 30: The US Dollar Index (DXY) is trading near the 99.00 price zone on Wednesday after the Federal Reserve (Fed)…
USDJPY extension about 160.00 has buyers in firm control.
The USDJPY has spent most of its time since March 11 trading within a well-defined range between 158.00 and 160.00. There have been brief breaks outside that band, but for…
Trump administration rejects women picked for soybean board, appoints men instead
Trump administration rejects women picked for soybean board, appoints men instead Source link
EURUSD moves below the 200 day MA
The EURUSD is trading lower as yields push higher following the FOMC rate decision and comments from Fed Chair Jerome Powell. The move in rates is keeping the USD bid,…
Bank of Canada Holds, But Cites Risks from Oil Prices and Trade
The Bank of Canada held its policy rate at 2.25%, maintaining the level it has kept in place since October. The Bank said its outlook for growth “has not changed…
NZDUSD trades to a new session low and tests 200 bar MA on the 4-hour chart
The NZDUSD is under pressure today, leading the majors to the downside against the USD. The pair is currently trading at 0.5834, down -0.87%, as a combination of risk-off sentiment…
Gold tumbles as Oil surge lifts yields, USD ahead of the Fed
Gold (XAU/USD) price retreats over 1% on Wednesday as high energy prices are driving US Treasury yields soaring, signaling that investors are not expecting any rate cuts by the Federal…
EIA weekly crude oil inventories -6234K vs -231K expected
Prior was+192Gasoline -6075K vs -2136K expectedDistillates -4494K vs -2194K expectedThis is a massive drawdown in inventories and shows that the world is turning to US oil to fill in the…
