Stays below 212.00 as bears remain in charge

Stays below 212.00 as bears remain in charge

The GBP/JPY cross attracts some follow-through selling for the second consecutive day and drops to a one-and-a-half-week low during the early European session on Friday. Spot prices, however, rebounded a few pips in the last hour and currently trade near the 211.75 region, down 0.25% for the day. The British Pound (GBP) continues with its […]

Gold weakens below $4,600 as USD rallies on Fed bets, geopolitics

Gold weakens below ,600 as USD rallies on Fed bets, geopolitics

Gold (XAU/USD) prolongs this week’s pullback from the monthly peak and drifts lower for the fourth straight day on Friday. The downward trajectory drags the commodity below the $4,600 mark, or an over one-week low, and is sponsored by a sustained US Dollar (USD) buying interest. The USD Index (DXY), which tracks the Greenback against […]

Xi Jinping likely has power to sway Iran

Xi Jinping likely has power to sway Iran

US President Donald Trump said on Thursday that China’s leader Xi Jinping likely has power to sway Iran, adding that he’s not going to be much more patient on the Iran, Reuters reported on Friday. Earlier Thursday, Trump stated that China’s leader Xi Jinping had offered to help negotiate an end to the war with […]