GBP/USD bounces from lows as US Dollar retreats

GBP/USD bounces from lows as US Dollar retreats

GBP/USD gained almost 0.75% on Monday, bouncing from Friday’s low close to 1.3220 to settle on the high side of 1.3300. The session’s recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the late-January high near 1.3870, and Monday’s candle has yet to challenge the […]

US Dollar pulls back as markets assess Iran; Fed, ECB ahead

US Dollar pulls back as markets assess Iran; Fed, ECB ahead

Here is what you need to know for Tuesday, March 17: The US Dollar (USD) reversed its four-day positive streak on Monday after markets assessed the United States (US) strike on Kharg Island, a strategic Iranian Oil outpost in the Persian Gulf, and warned that if Tehran continues to disrupt naval activity in the Strait […]

Gold rebounds as US Dollar and Treasury yields retreat

Gold rebounds as US Dollar and Treasury yields retreat

Gold (XAU/USD) edges higher on Monday after reversing intraday losses as the US Dollar (USD) and Treasury yields ease following its recent rally. However, Oil-driven inflation concerns stemming from the ongoing US-Iran war raise the risk that central banks will keep borrowing costs elevated for longer, which continues to cap the metal’s upside despite heightened […]