Augustus

The pound is the second best performer in the G10 FX space at the start of the week as the dollar crumbles ahead of the Fed meeting on Wednesday. The pound is at its highest level since July, even though yields are falling and the FTSE 100 is lagging a broader European equity market rally. The move

The Pound Sterling drops against its major currency peers after weak UK GDP and factory data for July.UK GDP growth remained stagnant in August, as expected.US weekly Initial Jobless Claims ending September 5 came in significantly higher at 263K. The Pound Sterling (GBP) faces selling pressure again

The creeping, low vol grind higher in the US Dollar (USD) is extending a little further ahead of this morning’s key risk events—US CPI and the ECB policy decision. Dollar Index (DXY) gains are moderate but extending back to the body of the flat range centered around the 98 level that has largely pre

Executive summary Trend bias: Gold (XAUUSD) has been rallying higher in wave 3 of (5) after a triangle break. Key levels: Support zones to watch include $3,540. Watch for 5 waves to unfold to the upside. Current Elliott Wave analysis Gold’s price action suggests it has rallied for the past couple of

Slight increase in momentum could lead to Euro (EUR) edging higher, but it is unlikely to be able to break clearly above 1.1790. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Any advanc

Silver is moving higher as expected, pushing even beyond 39, but since the market also broke to new highs, it’s clear that higher degree wave four is finished as a flat correction back at 36.20, so be aware of even further continuation higher into wave five while makret trades above 39. We need five

S&P 500 welcomed weak JOLTs (bullish reaction predicted for clients), and thereafter indeed reached the European session premarket lows }max corrective target for the day I had) – and end of session buying took prices to the 6,460s upper range border shared with clients ahead of the session. So,

The Pound Sterling trades broadly stable against its peers after BoE members' speeches before the Treasury Committee.BoE Governor Bailey hints at high doubts over the pace of interest rate cuts.Investors await key US ADP Employment and ISM Services PMI data for August. The Pound Sterling (GBP) trade

Gold price drifts lower in Wednesday’s Asian session. Worries over the Fed’s independence might support the Gold price.Traders await the US July PCE inflation report later on Friday for fresh impetus. The Gold price (XAU/USD) trades on a negative note during the Asian trading hours on Wednesday. The