Oil rises on lower stockpiles in U.S. Oil under the bullish pressure today after the released data indicated U.S. crude stockpiles were shrinking and an OPEC report predicted an undersupplied market this year.
Sterling rises on calls for lifting of COVID restrictions. GBPUSD under the bullish pressure today after Britain’s new health minister, Sajid Javid, said he wants all COVID-19 restrictions lifted as soon as possible.
Gold rising on inflation concerns. Gold rising Friday as a preliminary deal on U.S. infrastructure spending added to dollar bearishness, while investors awaited inflation data. The spending plan should be positive for gold,
Sterling falls as BoE keeps rates at all-time low. GBPUSD falling today after the Bank of England kept the size of its stimulus programme unchanged and left its interest rate at an all-time
EURUSD rises on dovish Fed. EURUSD under bullish pressure today on weaker dollar after U.S. Federal Reserve official Chair Jerome Powell reaffirmed tighter monetary policy was still soon to be implemented after a
Gold falls ahead of Jerome Powell’s testimony. Gold under bearish pressure on stronger dollar as the as investors turn their attention to U.S. Fed chief Jerome Powell’s testimony for cues on monetary policy.
GBPUSD surges ahead of Bank of England meating. GBPUSD rising strongly today under the growing sterling bullishness as well as the significant USD outflows as the markets continue to make sense of the
GBPUSD falls on USD optimism. GBPUSD falls strongly today under the effect of the continuation of the U.S. dollar bullishness induced by the hawkish comments from the Fed that projected possible rate hikes
EURUSD slammed by hawkish Fed. EURUSD falling strongly today under the powerful bearish U.S. dollar sentiment as the markets are reacting to the latest comments from the Fed in which is projected faster
Gold retains bearish bias ahead of Fed. Gold under the mild bearish pressure today as investors are waiting for any signs of early tapering from the U.S. Federal Reserve meeting later today. In
