EURGBP Sell Off Takes a Breather

U.S. Highlights The ISM Services index, which was on the cusp of falling into contractionary territory in December, improved notably in January, rising 2.9 points to 53.4. The one blemish to the report was a sharp move up in the prices index. With little on the data front, a series of Fed speeches took center […]

USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh 34-year high on Monday. After a roller coaster session that day following speculation over […]

Silver price plunges to near $23.15 as appeal for bullions fade ahead of FOMC minutes. Investors reconsider Fed’s rate cut bets amid robust US economic prospects. More downside in Silver is likely amid a H&S breakdown. Silver price (XAG/USD) fell vertically to near $23.15 as investors rush for safe-haven assets in the early New York […]