GBP/USD spins in a giant circle on Monday
GBP/USD roiled on Monday, tumbling 1.5% during the overnight session before recovering back to flat for the day at the 1.2400 handle. Import tariffs from the US brewing into a large-scale global trade war hobbled market sentiment over the weekend. Read More...
Pound Sterling outperforms risky peers as US Trump seems unenthusiatic for tariffs on UK
The Pound Sterling (GBP) outperforms its major peers, except safe-haven assets such as the US Dollar (USD) and the Japanese Yen (JPY), on Monday as investors become confident that the United Kingdom (UK) won't face hefty tariffs from the United States (US). Read More...
GBP/USD falls below 1.2300 following Trump tariffs
GBP/USD continues its decline for the fifth consecutive session, hovering around 1.2270 during Monday’s Asian trading hours. The pair has weakened by around 1% as the US Dollar Index (DXY), which measures the US Dollar (USD) against six major peers, gains strength following US President Donald Trump’s tariffs against China, Canada, and Mexico. Read More...
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EUR/USD holds above 1.0450 after sentiment data
EUR/USD struggles to gain traction but holds steady above 1.0450 in the European session on Tuesday. ZEW Survey - Economic Sentiment for Germany and the Eurozone improved in February, helping the Euro limit its losses.
GBP/USD holds above1.2600 after UK labor market data
GBP/USD struggles to attract buyers but holds above 1.2600 in the European session on Tuesday. The data from the UK showed that the ILO Unemployment Change remained unchanged at 4.4% in the three months to December, coming in better than the market expectation of 4.5%.
Gold in second day of gains with US and Russian officials meeting for peace talks
Gold sets forth rally and pops above $2,900 at the start of the European trading session on Tuesday. Markets brace for headlines to come in from Saudi Arabia where US and Russian officials are meeting. A daily close above $2,910 could put Gold on track for a new all-time high this week.
Storj bulls aiming for double-digit gains
Storj, an open-source platform that leverages the blockchain to provide end-to-end encrypted cloud storage services, continues to trade higher by 4.4%, around $0.39 on Tuesday after rallying 5% the previous day.
Rates down under
Today all Australian eyes were on the Reserve Bank of Australia, and rates were cut as expected. RBA Michele Bullock said higher interest rates had been working as expected, slowing economic activity and curbing inflation, but warned that Tuesday’s first rate cut since 2020 was not the start of a series of reductions.
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