Market News

Dollar Downtrend Continues after Powell’s Peaceful Statement   The Dollar dropped on Thursday near a three-year low against the Australian dollar and Canadian dollar after Federal Reserve Chairman Jerome Powell continued his semi-annual testimony to Congress on Wednesday restated the statement that the central bank will not tighten the policy until the U.S economy improves,

Pound Outshines against Euro Since 2015   The British pound hold on to its winning situation in 5 and half years after the Telegraph published the report stating the fastest exit from lockdown as U.K vaccination rollout seems to be better than expected. The euro fell to 0.8% to 85.41 pence tumbling to the ninth

GBP/USD prevails limited in a range, moves little post-UK jobs data GBP/USD was seen consolidating its recent strong profits to the highest level in three years. Better-than-expected UK jobs data did little to provide any impulsion in the middle of overbought RSI. The prevailing USD gets rid of bias plans to soothe lockdown in the

Unexpected Jobs Data halt Safe-haven Dollar Momentum   The Dollar Steadied after the biggest loss in 10 days following the recent release of disappointing U.S. labor data hampered the hope of ruptured economic recovery from the COVID-19 Pandemic. The U.S. Dollar gradually claiming its Safe-Haven asset position, however, the unexpected inclination of U.S. jobless claims

The Dollar on Front Foot, Hits Five-Month High   The Dollar’s sudden transition against low-yielding currencies headed to its strongest position on Wednesday. Inflation Talks leads U.S. bonds to climb.   The dollar climbed a five-month high against the Yen because of the expectation of further economic recovery as U.S. bond yields bounce, additionally, investors’