The GBP/USD pair saw modest gains in early Friday trading after closing marginally lower on Thursday. Although there is potential for the pair to extend its recovery, our outlook remains firmly on the bearish side. Recent U.S. economic data, particularly inflation figures, has added to the complexity of market dynamics, impacting both the British pound and the...
During the Asian session, the USD/JPY pair broke below the crucial support level of 140.00. This decline was influenced by the movement of the US Dollar Index (DXY), which also experienced a correction, falling close to 104.11 after failing to maintain a recent two-month high at 104.31. The correction in the USD/JPY pair appears to be more significant compared to...
Gold price bears are grappling with the impact of rising United States Treasury bond yields and the strength of the US Dollar. The ongoing impasse in US debt ceiling talks, coupled with hawkish sentiments expressed by Federal Reserve officials, has further bolstered Treasury bond yields and the US Dollar, placing downward pressure on XAU/USD. Traders are closely...