Frederica

Gold resumes its upward trajectory after holding key support levels, now challenging recent highs with upside targets in sight, Société Générale's FX analysts note. Gold pushes toward $3437 High "Gold broke out above a short-term descending trend line denoting resumption in up move. Recent pullback

Israel’s attack on Iranian nuclear sites and military targets has triggered a clear risk off mode in financial markets so far today, with investors responding to the news by flocking into the safe-havens, as is customary during times of rising geopolitical tensions. The US dollar has been the clear

Market overview Gold has reclaimed the market’s attention as the quintessential hedge after an explosive week of cross-asset volatility. A 9 % jump in crude following Israeli strikes on Iranian nuclear sites, a 1.6 % slide in S&P 500 futures, and fresh demand for longer-dated Treasuries created

UK GDP fell faster than expected in April, but these figures have been volatile lately owing to tariff frontloading, coupled with some possible issues with seasonal adjustment. After a strong first quarter, a weaker jobs market and economic uncertainty point to more muted growth rates for the remain

Trump said he would be willing to extend the July 8 deadline for completing trade talks with countries before higher tariffs are imposed. The Dollar Index, Euro and the EURINR can meet our targets of 98-96, 1.16 and 99-100 respectively in the near term. EURJPY turned lower from 166.42 and failure to

GBP/USD trades marginally higher on the day above 1.3500.The US Dollar struggles to outperform its rivals after inflation data.CPI and core CPI both rose at a softer pace than expected in May. Following Tuesday's sharp decline, GBP/USD stages a rebound and trades above 1.3500 in the American session

The week started on a quiet note in the US and with some weakness in Europe, where many were off due to a religious holiday. But futures are in positive territory this morning as traders return to their desks. One of the main drivers of optimism is the renewed momentum in US/China trade talks. The f

GBP/JPY loses ground to around 195.65 in Tuesday’s early European session.UK Unemployment Rate rose to 4.6% in three months to April; Claimant Count Change came in at 33.1K in May.Hawkish BoJ expectations support the Japanese Yen and act as a headwind for the cross. The GBP/JPY cross weakens to near

The Greenback bounced off its weekly lows of 98.35 as China’s media reported a call between US President Donald Trump and China’s President Xi Jinping. Both parties mentioned the call was good and focused on trade policies and rare earths. Eyes shift to May’s Nonfarm Payrolls figures, expected to sh

Gold strengthens slightly as US-China trade tensions resurface after Trump said China’s Xi is “extremely hard” to deal with.US ADP data is expected to provide insight into the resiliency of the private sector employment situation.Gold prices whipsaw as psychological support at $3,350 holds. Gold tra