British Pound quickly recovers from a one-month low against a generally weaker Yen

GBP/JPY falls to the mid-215.00s as BoE decision restricts decline.

The GBP/JPY pair is experiencing a decent recovery from around the 210.00 level, although it’s still poised for significant weekly losses. During the early European trading session on Friday, it climbed to around 211.80, breaking a two-day decline that had taken it to a one-month low just the day before. Investor sentiment is shifting as […]

Gold price recovers from initial profit selling after reaching a 10-week peak

Gold price recovers from initial profit selling after reaching a 10-week peak

Gold prices in New York experienced an increase on Friday, overcoming initial profit-taking as the market reacted to July’s softer inflation data, which seemed to diminish the likelihood of a Federal Reserve interest rate hike in September. The December contract for gold, which is the most actively traded, climbed 0.3%, reaching $4,435.00 per ounce after […]

New Zealand Dollar recovers after Fed decision

New Zealand’s Kiwi is waiting as the RBNZ is constrained by its own interest rate reductions.

The NZD/USD saw a rise to about 0.5790 on Wednesday, bouncing back from an earlier drop as the US dollar took a significant hit following the Federal Reserve’s latest monetary policy update. This currency pair originally declined due to heightened tensions in the Middle East, leading investors to seek safe-haven assets. Concurrently, oil prices surged, […]

Swiss Franc falls as US Dollar recovers, focus on US Services PMI

Swiss Franc falls as US Dollar recovers, focus on US Services PMI

This week started with the Swiss Franc (CHF) experiencing some downward pressure against the US dollar (USD). The USD/CHF exchange rate dipped by 0.25%, settling around 0.8055 during European trading as the dollar gained ground, despite traders reassessing their forecasts for rate hikes by the Federal Reserve. At the moment, the US Dollar Index (DXY), […]

Box Office Recovers Outside of Woke Films (But Not for ‘Star Wars’)

Box Office Recovers Outside of Woke Films (But Not for ‘Star Wars’)

Box Office Recovery: The Shift in Hollywood There’s been a lot of chatter lately, claiming streaming services killed the box office, and that the pandemic was the final nail in the coffin. They even suggested that releasing movies too early for home viewing led to a significant revenue drop. But, well, that’s not quite the […]

British Pound recovers from one-month low against JPY following positive Retail Sales

GBP/JPY reverses direction below 216.00 following Japan's Katayama intervention

The GBP/JPY pair has seen continued selling pressure for the third consecutive day, but it has found some support just before hitting the one-month low that was established a day prior. This uptick followed the announcement of encouraging retail data from the UK. Despite this rebound, the price is poised for considerable weekly losses and […]

US Dollar recovers from daily lows, Trump announces Iran deal is signed

US Dollar recovers from daily lows, Trump announces Iran deal is signed

Here’s what you need to know on Tuesday, June 16th. The U.S. dollar index (DXY) dropped to a new 10-day low, sitting around the 99.70 mark. This came despite President Trump’s comments about the positive trend of falling oil prices and rising stock prices. Yet he also mentioned that “sanctions will not be lifted until […]