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Breaking news

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Gold retreats from record high as Powell cools cut bets, US Dollar strengthens

Gold (XAU/USD) price turns negatively on Wednesday after rallying for three consecutive trading days, which pushed the yellow metal to a record high at $3,791, before retreating somewhat as investors digest Federal Resever (Fed) Chair Jerome Powell's comments, which seem to pour cold water on rate c
New
update2025.09.25 04:11

Forex Today: SNB rate call, US GDP, Japan Tokyo CP inflation on deck

The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.
New
update2025.09.25 03:45

USD/JPY hits three-week high as Greenback rebounds, BoJ minutes in focus

The Japanese Yen (JPY) weakens sharply against the US Dollar (USD) on Wednesday, with USD/JPY advancing to its highest level since September 3.
New
update2025.09.25 03:34

Dow Jones Industrial Average falls for a second day as tech rally hesitates

The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are taking profits and trimming their exposure to the AI-fueled tech rally ahead of the latest US employment figures and inflation data.
New
update2025.09.25 02:51

BoE's Greene: The supply side needs more attention

During a speech at the Adam Smith Business School of the University of Glasgow, Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greenebroke away from "tradiitional" policy planning rhetoric, warning that global central banks need to pivot into a different perspective on managing s
New
update2025.09.25 02:04

WTI climbs to three-week high as EIA draw and geopolitical risks lift Oil prices

West Texas Intermediate (WTI) Crude Oil extends its rebound for the second straight day on Wednesday, recovering from its weakest level in nearly two weeks, hit earlier on Monday.
New
update2025.09.25 01:02

AUD/USD slips to 0.6590 as Powell highlights dual mandate challenges

The Australian Dollar drops versus the US Dollar on Wednesday amid the lack of catalyst, following remarks by the Fed Chair Jerome Powell, who said that the Fed would continue to balance the dual mandate of the central bank. The AUD/USD trades at 0.6590, down 0.11%.
New
update2025.09.25 00:20

Mexico FX Today: Peso steady as Banxico prepares new rate cut

The Mexican Peso (MXN) edges slightly lower against the US Dollar (USD) on Wednesday, with the USD/MXN pair trading at 18.41 at the time of writing, up 0.3% on the day.
New
update2025.09.24 23:52

GBP/JPY trades sideways as BoE Bailey sees scope for lower rates

The British Pound (GBP) trades sideways against the Japanese Yen (JPY) on Wednesday, with GBP/JPY modestly higher, rebounding after briefly slipping to its lowest level since September 9 on Tuesday.
New
update2025.09.24 23:48

Bailey speech: Still some further journey down in rates to go

In an interview with West Midlands Magazines' Editor, Simon Archer, Bank of England (BoE) Governor Andrew Bailey said that there is still some further journey down in interest rates to go.
New
update2025.09.24 23:07

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