• Blog
  • May 30, 2024
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GBP/JPY Price Analysis: Drops to new weekly low below 200.00

The GBP/JPY extended its losses for the second straight day after the cross-pair retreated from around the year-to-date (YTD) high of 200.74, hit on May 29.

  • Blog
  • May 30, 2024
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Mexican Peso surges as slowing US economy weighs on US Dollar

The Mexican Peso (MXN) erased some of its earlier losses against the US Dollar (USD) and rose some 0.20% after GDP data from the United States (US) showed the economy…

  • Blog
  • May 30, 2024
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Canadian Dollar rebounds as market sentiment recovers, Greenback softens

The Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.

  • Blog
  • May 30, 2024
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Fed’s Williams: Expect inflation at 2.5% this year, closer to 2% next year

Federal Reserve (Fed) Bank of New York President John Williams noted on Thursday that, while inflation is still too high, he belives Fed policy is positioned to slowly get price…

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  • May 30, 2024
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US Dollar retreats, DXY loses gains from sharp recovery on Wednesday

On Thursday, the US Dollar Index (DXY) experienced a retreat after a sharp recovery on Wednesday.

  • Blog
  • May 30, 2024
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Gold recovers after US GDP revised lower

Gold (XAU/USD) edges lower into the $2,330s on Thursday and finds support at the 50-day Simple Moving Average (SMA).

  • Blog
  • May 30, 2024
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USD/CAD Price Analysis: Strengthens after Descending Triangle breakout

The USD/CAD pair extends its upside to 1.3730 in Thursday’s London session.

  • Blog
  • May 30, 2024
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US Dollar holds gains following another increase in Treasury yields

The US Dollar (USD) eases slightly on Thursday after the strong rally seen on Wednesday, which led the DXY US Dollar Index to break above the 105.00 mark.

  • Blog
  • May 30, 2024
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Mexican Peso’s days in the sun are over, say analysts

The Mexican Peso (MXN) backs off a cliff on Thursday, trading down over half a percent in its key pairs, as investors unwind their long bets due to multiple risk…

  • Blog
  • May 30, 2024
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EUR/GBP exhibits volatility contraction ahead of Eurozone Inflation

The EUR/GBP pair trades inside Wednesday’s trading range in Thursday’s session, reflecting indecisiveness among market participants ahead of the release of the preliminary Eurozone inflation data for May, which will…

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