Pound Sterling flat vs USD as BoE decision and US PCE data loom

Pound Sterling flat vs USD as BoE decision and US PCE data loom

The GBP/USD pair struggles to capitalize on a modest Asian session uptick to the 1.3500 neighborhood, though it holds above the 100-day Simple Moving Average (SMA). Spot prices currently trade around the 1.3475-1.3480 region, nearly unchanged for the day, as traders look forward to the Bank of England (BoE) event and the US inflation data […]

Australian Dollar edges higher ahead of Chinese PMI releases

Australian Dollar edges higher ahead of Chinese PMI releases

The AUD/USD pair gathers strength to near 0.7130 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) on hotter domestic inflation data. Traders brace for the release of the Chinese Purchasing Managers Index (PMI) data later on Thursday, which could give direction to the China-proxy Aussie.  […]

Gold extends slide as Powell stays, Fed split lifts yields higher

Gold extends slide as Powell stays, Fed split lifts yields higher

Gold (XAU/USD) price extends its losses over 1% as the Federal Reserve (Fed) held rates unchanged and its Chair Jerome Powell hinted that he would remain on the board until the criminal investigation against him is definitively dropped. The XAU/USD pair exchanges hands at $4,546 after reaching a daily peak of $4,610. Bullion drops as […]