Articles by: Miroslav Marinoff

GBP/MYR settles below 3-week high, posts weekly gain

The GBP/MYR currency pair settled below recent high of 5.7276, its strongest level since July 24th, after the latest GDP growth data. The British economy grew 0.4% month-over-month in June, after a 0.1% contraction in the prior two months and exceeding expectations of a 0.1% growth. Services output contributed to the overall growth the most, […] Read more

GBP/NOK settles below 7-week high, posts weekly loss

The GBP/NOK currency pair settled below recent high of 13.8816, its strongest level since June 26th, after stronger-than-expected UK GDP growth and Norges Bank’s policy decision. The British economy grew 0.4% month-over-month in June, after a 0.1% contraction in the prior two months and exceeding expectations of a 0.1% growth. Services output contributed to the […] Read more

Spot Silver holds near three-week high on Fed outlook

Spot Silver held near a three-week high of $38.74 on Thursday, underpinned by expectations of an interest rate cut by the Federal Reserve in September in the wake of tame US CPI inflation data. Markets are now pricing in about a 94% chance of a 25 basis point rate cut in September and about 6% […] Read more

Spot Gold extends gains on Fed rate cut bets

Spot Gold extended its streak of gains on Thursday, underpinned by expectations of an interest rate cut by the Federal Reserve in September in the wake of tame US CPI inflation data. Markets are now pricing in about a 94% chance of a 25 basis point rate cut in September and about 6% chance of […] Read more

USD/NOK extends losses, eyes on Norges Bank

The USD/NOK currency pair retreated for a third straight trading day on Wednesday ahead of the outcome of Norges Bank’s policy meeting and as the latest US CPI inflation data added to expectations of an interest rate cut by the Federal Reserve in September. Annual headline consumer inflation in the US remained stable at 2.7% […] Read more

Spot Silver propels above $38 on Fed rate outlook

Spot Silver extended gains on Wednesday on the back of a softer US Dollar, as the latest US CPI inflation data added to expectations of an interest rate cut by the Federal Reserve in September. Annual headline consumer inflation in the US remained stable at 2.7% in July, against expectations of an acceleration to 2.8%. […] Read more

Spot Gold rises as US CPI figures add to rate cut bets

Spot Gold gained on Wednesday on the back of a softer US Dollar, as the latest US CPI inflation data added to expectations of an interest rate cut by the Federal Reserve in September. Annual headline consumer inflation in the US remained stable at 2.7% in July, against expectations of an acceleration to 2.8%. But, […] Read more

Spot Silver edges up with focus on US inflation

Spot Silver edged up on Tuesday, following a 1.8% drop in the prior session, ahead of the key US CPI inflation report that may provide further clues over the Federal Reserve’s monetary easing path. Annual core CPI inflation probably picked up to 3% in July, according to market consensus, from 2.9% in June. Markets are […] Read more

Spot Gold steadies after slump, US CPI eyed

Spot Gold was mostly flat on Tuesday, following a sizeable drop in the prior session, ahead of the key US CPI inflation report that may provide further clues over the Federal Reserve’s monetary easing path. Annual core CPI inflation probably picked up to 3% in July, according to market consensus, from 2.9% in June. Markets […] Read more

USD/NOK falls ahead of US CPI inflation test

The USD/NOK currency pair lost ground on Monday, as market players awaited the key US CPI inflation data, due on Tuesday, that may provide further clues over the Federal Reserve’s monetary easing path. Annual core CPI inflation probably picked up to 3% in July, according to market consensus, from 2.9% in June. Markets are now […] Read more