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Silver Price Forecast: XAG/USD rises toward $3800 on US Dollar slide
Silver Price advances during the North American session, up by 0.39% as the Greenback weakens more than 0.50%, as revealed by the US Dollar Index (DXY). At the time of writing, the XAG/USD trades at $37.88 after hitting a low of $37.31.
EUR/USD soars as doubts over Fed independence hit Dollar sentiment
The EUR/USD rallied more than 0.50% on Wednesday, boosted by broad US Dollar weakness across the board as traders began to price in rate cuts by the Federal Reserve.
Gold price retreats as US yields rise and traders book profits
Gold price retreats in the North American session, weighed down by rising US Treasury yields, traders booking profits, and news that US President Donald Trump might name Fed Governor Adriana Kugler's replacement toward the end of the year. The XAU/USD trades at $3,372, down 0.23%.
GBP/USD extends bullish rebound ahead of expected BoE rate cut
GBP/USD caught a much-needed lift on Wednesday, rising back above 1.3350 as bullish momentum claws back chart paper following last week's one-sided plunge into 15-week lows near 1.3140. The Bank of England (BoE) is on the board for Thursday, poised to deliver a 25 bps interest rate cut.
Fed's Daly says Fed still has work to do on inflation
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late on Wednesday that despite overall progress, the Fed still has some ground to cover on its fight with inflation pressures, and cautioned that the Fed may be forced to act soon without having the full picture.
Forex Today: Markets' attention will be on the BoE meeting
The US Dollar (USD) resumed its downward trend and tumbled to multi-day lows on Wednesday, as investors remained watchful of President Trump's plans for Chief Powell's replacement as well as any developments on the trade front ahead of the upcoming deadline.
Fed's Collins and Cook caution about the risks of policy uncertainty
Federal Reserve (Fed) Bank of Boston President Susan Collins and Fed Board of Governors member Lisa Cook participated in a virtual discussion on Wednesday, with both key policymakers cautioning that overarching uncertainty remains a key sticking point for Fed policy transmission, as well as the cent
AUD/USD reclaims 0.6500 as US Dollar weakens on dovish Fed expectations
The Australian Dollar (AUD) extends its advance for the second consecutive day against the US Dollar (USD) on Wednesday, with AUD/USD climbing toward the 0.6500 psychological mark.
Dow Jones Industrial Average jumps on Wednesday, but gains remain limited
The Dow Jones Industrial Average (DJIA) found slim gains on Wednesday, gaining around 100 points from Tuesday's close. The Dow is testing the 44,250 region as the major equity index rebounds from a near-term low after five straight sessions of declines last week.
GBP/USD climbs to 1.3340 ahead of BoE meeting Fed speaker blitz
The GBP/USD climbs solidly during the North American session, up by 0.37% ahead of the Bank of England's (BoE) meeting and as traders digest the recent Nonfarm Payroll figures, and over the weekend developments, that opened a spot for US President Trump to nominate a Fed Governor.
Euro surges past 1.1600 as Fed rate cut bets weigh on Greenback
The Euro (EUR) trades with a positive bias against the US Dollar (USD) on Wednesday, with EUR/USD extending gains above the 1.1600 level, marking its highest level in over a week.
US: Trend employment growth shifts lower - Standard Chartered
Immigration crackdown suggests much lower US trend employment growth than in the last few years. We estimate that the new equilibrium for monthly job growth is 100k. Recent NFP softness suggests that the labour market is now likely in excess supply, Standard Chartered's Economist Dan Pan reports.
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