Pound Sterling Weakens as UK Shop Prices Fall; Fed Rate Cut Bets Grow
The Pound Sterling (GBP) fell against major currencies on Tuesday as softer UK shop price data reinforced expectations of monetary…
Category: Forex Basics
Copper Nears Record High as US-China Trade Optimism Lifts Market – ING
Copper prices are climbing toward their May 2024 record of $11,104.50 per tonne, driven by renewed optimism over US-China trade…
Silver Price Today: XAG/USD Drops Over 2% to $45.65 – FXStreet Data
Silver (XAG/USD) prices declined on Tuesday, according to data from FXStreet. The precious metal was last seen trading at $45.65…
EUR/USD Unlikely to Break Above 1.1680 Resistance – UOB Group
Analysts at UOB Group, Quek Ser Leang and Peter Chia, noted that while the Euro (EUR) could continue to edge…
ECB Survey: Eurozone Inflation Expectations Ease Slightly in September
The European Central Bank’s (ECB) latest Consumer Expectations Survey, released on Tuesday, showed that consumers’ median inflation expectations for the…
💱 Why Currencies Are Always Traded in Pairs: The Fascinating Logic Behind Forex
Have you ever wondered why you always see currencies written like USD/EUR, GBP/JPY, or AUD/USD — never just “USD” or…
EUR/GBP Steadies Near 0.8700 After Strong UK Retail Sales, Awaits PMI Data
The EUR/GBP pair trades slightly lower around 0.8710 on Friday, giving back recent gains after the release of strong UK…
USD/CHF Consolidates Around 0.7960 Ahead of Key US Inflation Report
The USD/CHF pair is trading in a narrow range around 0.7960 during Friday’s Asian session as investors await the release…
CAD Weakens as Trump Ends Trade Talks with Canada – ING
The Canadian Dollar (CAD) came under pressure overnight after US President Donald Trump announced the termination of trade negotiations with…
NZD/USD Sees Mild Upward Bias, Resistance at 0.5770 – UOB Group
The New Zealand Dollar (NZD) is showing modest upward momentum against the US Dollar (USD) and could attempt to test…