GBP/USD remains stable close to 1.3500; appears weak near recent low

GBP/USD remains stable close to 1.3500; appears weak near recent low

GBP/USD benefits from a slight USD retreat, yet upside growth appears constrained. Federal Reserve’s considerations for rate cuts and trade uncertainties might bolster safe havens, keeping major currencies subdued. Weak GDP figures from the UK on Friday reinforce expectations for a BOE rate cut in August, posing a potential challenge for the GBP. The GBP/USD […]

Dollar remains stable as Powell warns about inflation risks; concerns in the Mideast increase

Dollar remains stable as Powell warns about inflation risks; concerns in the Mideast increase

SINGAPORE (Reuters) The dollar saw support on Thursday amid increasing demand for safe havens, triggered by escalating tensions in the Middle East and potential U.S. involvement. Investors seemed to overlook Federal Reserve Chairman Jerome Powell’s cautious remarks regarding inflation. After a relatively calm beginning in the Asian markets, the dollar firmed up against risk-sensitive currencies, […]

EUR/USD remains stable close to 1.1500 before the Fed’s interest rate decision.

EUR/USD remains stable close to 1.1500 before the Fed's interest rate decision.

EUR/USD is expected to rise towards 1.1500 during Wednesday’s Asian session. The Federal Reserve is likely to maintain stability during its June meeting on Wednesday. While hawkish expectations for the ECB support the euro, ongoing tensions between Israel and Iran could complicate matters. The EUR/USD currency pair seems poised to draw some interest around 1.1500 […]

Gold Price Outlook: XAU/USD stays stable amid rising concerns

Gold Price Outlook: XAU/USD stays stable amid rising concerns

Xau/USD Current price: $3,383.60 President Trump mentions that Iran’s patience may start to “wear thin.” Anticipation grows for US economic data as the markets prepare for the Federal Reserve’s decisions. Xau/USD is likely to trade within a narrow range influenced by updates on risk aversion. Spot Gold hit a weekly low of $3,366.25 on Tuesday […]