On Wednesday, Britain demanded the EU to rewrite the deal over Northern Ireland, but the proposal has quickly been rejected by the EU. The original Northern Ireland protocol was agreed to ensure the p...
EURUSD touched a fresh three-month trough at $1.1755 before it slightly rebounded to $1.1780 during earlier sessions. Tomorrow we will have ECB’s meeting, and a dovish tone is expected based on previo...
Safe-harbor currencies have witnessed series of increases, with both JPY and USD holding near their multi-month highs against riskier currencies such as AUD and GBP. Pairs such as JPYAUD and JPYGBP ha...
OPEC+ finally agreed on Sunday night to increase the oil supply starting from August. Oil prices climbed to the 2.5-year high as the global economy swiftly recovering from the pandemic. The attempt to...
USD is heading to its best weekly gain on Friday, as US jobless claims fell to their 16-month low and the labor market gains momentum. Despite worker shortages and rising raw material costs, investors...
China has just released its Q2 GDP, which showed slower growth than expected. Potentially due to higher raw material costs, Delta variant threats, and tepid manufacturing activity, GDP expanded 7.9% o...
USD traded sharply lower today, with DXY Index witnessing -0.11% since opening, tumbling to 92.153. Markets are anxiously waiting for the latest inflation data which will be released later today. US J...
USD slid from its multi-week high on Friday, with DXY Index dropping from around 92.5 to 92.1. Safe-haven currency JPY has also declined, with the market favoring riskier currencies in emerging market...
Asian shares this morning tumbled to a nearly two-month low and seem to be set for the worst weekly performance since February. Volatility in the market is probably because investors are factoring in ...