The Fed remains cautious despite expectations of a rate cut The head of the Federal Reserve System, Jerome Powell, in his recent comments stressed that the strong US economy gives the central bank the opportunity to be cautious about changes in...
The GBP/USD pair continued its upward trajectory, trading around 1.2690 on Wednesday morning, marking the second consecutive day of positive movement. However, the potential for sustained upside remains limited due to several factors. Firstly,...
•••USD/CAD: A Tightrope Walk Between Two Economies(December 9,2024)••• Today, the USD/CAD currency pair is capturing the attention of traders as it hovers around the 1.4150 mark, reflecting a mix of market sentiment and economic forces. While the...
The EUR/USD currency pair experienced a rebound on Thursday, gaining strength and moving closer to the 1.0600 level. This upward trend was fueled by a combination of factors. While European retail sales in October were slightly better than expected,...
Gold prices opened lower on Monday, dipping to around $2,645 per ounce in early Asian trading. This decline can be attributed to the strengthening US dollar, which typically weighs on precious metals. However, ongoing geopolitical tensions,...