British Pound edges higher as USD softens ahead US jobs data

The Pound Sterling advances during the North American session, up a modest 0.09%, as the Greenback edges lower despite last Friday’s hawkish remarks from Fed Chair Warsh, ahead of a packed week of economic data from the United States (US). The GBP/USD trades at 1.3549. GBP/USD steadies as traders weigh Warsh, Oil risks and upcoming […]

Silver rebounds as Fed hike odds, US-Iran tensions shape outlook

Silver (XAG/USD) rebounds on Monday and trades around $66.70 at the time of writing, up 0.40% on the day. The main obstacle to a stronger recovery in Silver remains the shift in expectations surrounding the Federal Reserve’s (Fed) monetary policy. Fed Chair Kevin Warsh struck a more hawkish tone on Friday at the Jackson Hole […]

WTI Oil appreciates beyond $85.50 as tensions rise in Iran

Crude prices rally on Monday, with the US benchmark West Texas Intermediate (WTI) trading at $85.50 per barrel at the time of writing, more than 3% up on the day so far, drawing close to one-month highs, at $87.38. Hostilities resumed after one month of tense calm in Iran, complicating Oil flows through the Strait […]