April 20, 2025 10:32 am
The GBP/NZD currency pair settled above Friday’s low of 2.2184, its weakest level since February 26th, after the latest inflation data prints out of the United Kingdom and New Zealand. The Pound faced downward pressure this week following a softer-than-anticipated UK inflation reading. Annual inflation rate in the UK has slowed to 2.6% in March […]
Read moreApril 19, 2025 3:34 pm
The EUR/CHF currency pair settled above recent low of 0.9212, its weakest level since November 22nd 2024, in the wake of the European Central Bank’s policy decision. In the meantime, optimism surrounding the progress in trade negotiations between the United States, Japan and Italy prompted investors to pare flows into safe haven assets such as […]
Read moreApril 19, 2025 11:46 am
The EUR/CAD currency pair settled below recent high of 1.5931, its strongest level since July 31st 2020, in the wake of the European Central Bank’s and the Bank of Canada’s policy decisions. The Euro lost ground after the ECB lowered all three of its benchmark interest rates by 25 basis points: – the main refinancing […]
Read moreApril 19, 2025 8:03 am
The EUR/RUB currency pair settled above Friday’s low of 91.6610, its weakest level since April 3rd, in the wake of the European Central Bank’s policy decision. In the meantime, the Russian Ruble drew support from rising price of oil. Crude Oil, which accounts for about 26% of Russia’s total exports, rose 2.87% to $63.68 per […]
Read moreApril 18, 2025 12:09 pm
The USD/RUB currency pair plunged to lows not seen since June 2023 in light holiday trade on Friday, as the Ruble drew support from rising price of oil. Crude Oil, which accounts for about 26% of Russia’s total exports, rose 2.87% to $63.68 per barrel on April 17th. The Ruble has appreciated more than 25% […]
Read moreApril 18, 2025 7:59 am
The EUR/GBP currency pair was slightly firmer on Friday, but was still set for a weekly loss, in the wake of the European Central Bank’s policy decision. Yesterday the Euro lost as much as 0.55% of its value against the Sterling after the ECB lowered all three of its benchmark interest rates by 25 basis […]
Read moreApril 17, 2025 10:38 am
The EUR/CAD currency pair traded within a tight daily range on Thursday, as investors braced for the outcome of the ECB’s policy meeting later in the day. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 2.40% at its April policy meeting. And, the ECB […]
Read moreApril 17, 2025 7:49 am
Spot Gold registered yet another all-time high of $3,357.40 per troy ounce on Thursday, after which pulled back from that level as investors likely took profits. An escalation of US-China trade tensions has kept safe haven assets underpinned. The US has restricted chip sales to China and US President Trump has also ordered a probe […]
Read moreApril 16, 2025 11:35 am
Spot Silver scaled a fresh 2-week high of $33.12 on Wednesday, as demand for safe haven assets was underpinned amid intensifying trade tensions and broad economic uncertainty. US Dollar weakness also contributed to Silver’s surge. The US Dollar Index was last down 0.53% to 99.574. A weaker dollar makes dollar-priced Silver more appealing to international […]
Read moreApril 16, 2025 8:07 am
Spot Gold scaled a fresh all-time high of $3,300.55 per troy ounce on Wednesday, as demand for safe haven assets was underpinned amid intensifying trade tensions. US Dollar weakness also contributed to Gold’s ascent. The US Dollar Index was last down 0.68% to 99.420. A weaker dollar makes dollar-priced Gold more appealing to international investors […]
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