Tide May Turn For GBP/JPY

GBP/JPY has changed its trend to the downside in late November after poor economic data like services and manufacturing contraction, high inflation and GDP contraction which may ignite bets of rate cuts by the Bank of England. On the contrary, the Bank of Japan is still uncertain on whether to raise interest rates at their […]
DXY Holds Its Ground As Fed Decision Approaches

The U.S. Dollar performed well so far in December as the U.S. economy is still resilient despite high interest rates. The U.S. Dollar has also been supported by other factors like major central bank rate cuts like the Bank of Canada and the ECB which increased flows in the U.S. Dollar. Additionally, economic challenges in […]
What Does the Future Hold for Gold?

Gold retreated after reaching weekly highs, with mixed signals from the Fed. Expectations for a rate cut in the upcoming meeting are high, but the central bank is openly cautious for future policy decisions. Increased demand from central banks on one hand and geopolitical tensions on the other may create uncertainty for gold. Traders still […]