Gold – 03.09.2024 – Orbex Forex Trading Blog

By RoboForex Analytical Department The GBP/USD pair climbed to 1.3355 on Thursday as markets braced for today’s Bank of England (BoE) meeting. Traders are closely watching two key factors: the voting split among Monetary Policy Committee (MPC) members and any signals regarding future rate moves. The central bank is widely expected to cut interest rates…

USDJPY: The Japanese yen (JPY) jumped to a three-week high against its U.S. counterpart during the Asian session on Thursday after U.S. President Donald Trump imposed sweeping trade tariffs. Investors are increasingly concerned that the move could reshape the global trading system and undermine global economic growth. This, in turn, is triggering a new wave…

The “sell America” strategy in action! The Nasdaq Composite has its worst daily performance since October, with 10-year Treasury yields soaring to their highest levels since August, and the US dollar selling off on all fronts. EURUSD recoups all its losses in January in two days. Could it be otherwise? For decades, the United States…

By Shaoyu Yuan, New York University; Rutgers University  Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan. For the most part, these blueprints have been geared at spurring growth and unity as the nation transformed from a rural, agrarian economy to an urbanized,…