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EUR and GBP Stage Recovery Despite Escalating Fed Hawkish Tone | Tickmill
Despite the contentious backdrop of geopolitical risks and the Federal Reserve adopting a more hawkish stance in its statements, EUR/USD managed to stage a recovery above the 1.0650 mark. The flight to the safe embrace of the US Dollar (USD) at the start
Supercharged US Dollar Turns to GDP Growth Data - Action Forex
It’s been a phenomenal year for the US dollar so far. The greenback has gained more than 4% against a basket of currencies, turbocharged by a series of solid economic readings that have forced investors to dial back bets of imminent Fed rate cuts.
Week Ahead – US GDP and BoJ Decision on Top of Next Week's Agenda - Action Forex
The dollar staged a strong recovery the last couple of weeks, with the bulls being encouraged to initiate long positions as soon as the US CPI data revealed that inflation in the world’s largest economy reaccelerated in March.
Euro Edges Higher, ECB Eyes June Cut - Action Forex
The euro fell as much as 0.30% earlier but has recovered and edged higher. In the North American session, EUR/USD is trading at 1.0666, up 0.21%. The euro remains under pressure from the strong US dollar. Last week, EUR/USD fell 1.8% and dropped as low as 1.0601 this week, its lowest level since early November.
Gold jumps on decline in US Dollar, bond yields and worsening Mid-East tensions - Forex Trader Hub
Gold price trades close to $2,400 amid worsening geopolitical tensions. The US Dollar’s upside stalls as investors see other central banks postponing rate cut plans. US bond yields are down despite the Fed maintaining a hawkish stance. Gold price (XAU/USD) faces pressure to recapture new all-time highs around $2,430 in Friday’s early New York session. The