BofA sees bearish USD trend, remains bullish on GBP/USD

By RoboForex Analytical Department The USD/JPY pair has rallied to its highest level since February, trading around 152.45. The Japanese yen has depreciated by over 3% this week, with selling pressure intensifying following the release of soft wage data. This has significantly dampened market expectations for further interest rate hikes from the Bank of Japan…

Alright, y’all. Buckle up because the UPS plane crash in Kentucky is not just another aviation incident. This one hit hard, and it hit close to home, especially for folks in Louisville. A UPS cargo plane crashed shortly after takeoff from the Louisville Muhammad Ali International Airport on Tuesday afternoon, and let me tell you,…

Investing.com– Most Asian currencies steadied on Friday after clocking sharp gains in the prior session, while the dollar nursed some losses after the Federal Reserve cut interest rates as widely expected. Regional currencies recouped a bulk of their weekly losses after the Fed’s move, with some even turning positive for the week. The dollar, on…

Czech 2025 budget likely to be in deeper deficit than targeted, new minister says Source link

2024.08.20 2024.08.20 Gold Avoids Bear Market. Forecast as of 20.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As a rule, gold declines during periods of increased monetary tightening by the Fed. Conversely, it tends to appreciate as soon as the central bank makes a dovish reversal. In the current cycle, the usual patterns have not been observed. Let’s discuss this…