British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring Pound Sterling rallied against the Euro, U.S. Dollar and other major currencies on Thursday after French President Emmanuel Macron said the Withdrawal Agreement can be amended to allow the UK to leave the European Union with a deal. Gains accelerated in the London…

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand The New Zealand Dollar continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand even after central bankers shocked the markets with a surprise 50-basis point rate cut…

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence With the strong oil prices and BOC’s likely monetary policy divergence, the USD/CAD pair drops to 1.3290 during Thursday’s Asian session. Following better than forecast Consumer Price Index (CPI) data from Canada, speculations were on the rounds that the…

Silver 1 OZ 999 NY (XAG=X) showing resilience in the face of rallying global stock markets this week

Silver 1 OZ 999 NY (XAG=X) showing resilience in the face of rallying global stock markets this week Gold and silver prices are moderately lower in early U.S. trading Wednesday, as trader and investor sentiment remains positive at mid-week. Still, the precious metals market bulls should not be too disappointed in price action so far this week, as…