Australian Dollar Rises Following Positive GDP Data The Australian dollar showed signs of recovery, reaching $0.66 and offsetting recent losses as investors absorbed the latest gross domestic product (GDP) report.
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Gold Faces Decline Amidst Anticipation of US Jobs Data Impact. FUNDAMENTAL OVERVIEW: Gold prices remained under pressure, hovering around $2,020 per ounce on Wednesday, following a two-session decline. Investor caution
European stocks are experiencing a decline as investors exercise caution in anticipation of significant inflation data. FUNDAMENTAL OVERVIEW: European stock markets saw a decline on Tuesday, persisting in a restrained
NZD/USD continues its upward momentum beyond 0.6050, with attention shifting to US PMI data. FUNDAMENTAL OVERVIEW: For the second consecutive session, NZD/USD is on an upward trajectory, hovering around 0.6060
Following the German PPI, EUR/GBP declines and closes to 0.8750. FUNDAMENTAL OVERVIEW During Monday’s European session, EUR/GBP pulled back from the six-month highs, trading around 0.8750. The Euro weakened following
Gold price trades back and forth as investors await US inflation data. The gold price (XAU/USD) faces challenges in extending its rebound, with investors displaying caution in anticipation of the
USD/CAD posts moderate losses above 1.3800, with eyes on US UoM data. During Asian trading hours on Friday, the USD/CAD pair registers slight declines above the psychological support level of
USD/CHF aims to continue a five-day winning streak, and trades near 0.9030. FUNDAMENTAL OVERVIEW USD/CHF strives to extend its winning streak, hovering around the 0.9030 level in the Asian session
Nasdaq futures rise Fed speaker in focus. Fundamental Overview Tuesday saw an increase in U.S. stock futures, helped by lower U.S. Treasury yields, as investors digested remarks from Fed officials
GBP/USD Tumbles Below 1.2700 Amid Weak UK PMI Data. A Closer Look at the Fundamental Landscape As August unfolds, the economic landscape takes a concerning turn for the UK as