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Dollar loses ground against euro as inflation data shows cooling By Reuters
By Laura Matthews and Sruthi Shankar (Reuters) – The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S.consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose moderately in July and the annual increase in…
US Opening Bell: US Indices on the front foot as earnings come into focus
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He…
Crude Oil – 04.10.2024 – Orbex Forex Trading Blog
Crude Oil – 04.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Silver Price Forecast: XAG/USD retakes $30.00 mark; setup warrants caution for bulls
Silver gains positive traction for the second straight day, though the upside seems limited. The recent decline along a descending channel points to a well-established downtrend. Neutral oscillators on the daily chart further warrant some caution for bullish traders. Silver (XAG/USD) attracts some buyers for the second straight day and climbs back above the $30.00…
TA of the Day: Is the Uptrend in GBP/USD Over?
Sterling has reached its highest level against the U.S. dollar in about two and a half years and is also doing well against the euro. The pound’s rally is largely driven by speculative bets on interest rates based on expectations that the Bank of England (BoE) will maintain higher interest rates for a longer period…
