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Breaking news

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GBP/USD extends much-needed recovery as Cable recovers 1.31

GBP/USD climbed on Thursday, driven into the high side by over-extended bearish price action that has plagued the pair, as well as a surprisingly close Bank of England (BoE) vote on interest rate moves that gave investors hope that the BoE might be moving to support the UK's flagging economy despite
New
update2025.11.07 09:15

Gold Price Forecast: XAU/USD holds gains near $4,000 as US shutdown lifts safe-haven demand

Gold price (XAU/USD) trades in positive territory near $3,990 during the early Asian session on Friday. The precious metal edges higher amid a weaker US Dollar (USD) and a renewal of safe-haven demand. Traders await the release of the flash U-Mich Consumer Sentiment survey later on Friday.
New
update2025.11.07 09:07

Fed's Hammack: Keeping the Fed policy restrictive will help bring inflation down

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said late Thursday that keeping the Fed policy restrictive will help bring inflation down.
New
update2025.11.07 08:15

USD/JPY tumbles to near 153.00 as US government shutdown woes persist

The USD/JPY pair slumps to near 153.05 during the early Asian session on Friday. The US Dollar (USD) faces some selling pressure as the US government shutdown extends further, hitting a record with still no solution in sight.
New
update2025.11.07 08:03

Canadian Dollar struggles to end bearish slide on Thursday

The Canadian Dollar (CAD) continues to hold on the weak side against the US Dollar (USD) on Thursday, finding the brakes enough to slow a near-term one-sided backslide, but not enough to stage a meaningful technical recovery.
New
update2025.11.07 07:54

EUR/USD climbs as weak US jobs data fuels Fed cut bets

EUR/USD recovers some ground on Thursday, post gains of 0.45% after bouncing off daily lows of 1.1486 as the Greenback weakened. A soft jobs data in the US increased speculation for a Fed rate cut at the December meeting. The pair trades at 1.1545 at the time of writing.
New
update2025.11.07 07:12

FX Today: US flash U-Mich gauge and the Canadian jobs report come to the fore

The US Dollar (USD) added to Wednesday's small correction, slipping back to multi-day lows in the context of a widespread recovery in the risk-associated galaxy. In the meantime, the US federal government shutdown extended further, hitting a record with still no solution in sight.
New
update2025.11.07 04:05

Banxico cut rates as expected to 7.25%, Heath dissents again

Banco de Mexico (Banxico) decided to cut interest rates by 25 basis points in a 4 to 1 vote split, to 7.25% with Deputy Governor Jonathan Heath voting to keep rates unchanged at 7.50%.
New
update2025.11.07 04:02

Dow Jones Industrial Average drops 400 points as AI selloff continues

The Dow Jones Industrial Average (DJIA) tumbled 400 points on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks.
New
update2025.11.07 03:52

Gold holds near $4,000 as US shutdown, layoffs boost safe-haven demand

Gold price advances on Thursday after reaching a daily high of $4,019, but retreats below the $4,000 mark even though the US Dollar and US Treasury yields tumbled. At the time of writing, XAU/USD trades with gains of over 0.10% at around $3,985.
New
update2025.11.07 03:28

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