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BoE’s Pill: Favors a more cautious monetary easing approach
BoE’s Pill: Favors a more cautious monetary easing approach
Bank of England (BoE) Chief Economist Huw Pill said in a speech at the Institute of Chartered Accountants in England and Wales Annual Conference 2025 in London on Friday that the United Kingdom (UK) central bank must avoid cutting interest rates “too far and too fast” as inflationary pressures conti
BOE
GBPUSD
InterestRate
Inflation
EUR/USD finds some footing as the US Dollar rally falters
EUR/USD finds some footing as the US Dollar rally falters
EUR/USD posts marginal gains on Wednesday, to snap a three-day losing streak, and trades near 1.1610 after hitting one-week lows right below 1.1600 earlier on the day.
EURUSD
Currencies
Majors
Fed
EUR/GBP drifts further, approaching 0.8700 amid a firm Pound
EUR/GBP drifts further, approaching 0.8700 amid a firm Pound
The Euro is pulling back from Friday’s gains, right above 0.8740, reaching session lows below 0.8720. The upbeat German Sentiment Index has failed to provide any significant support for the pair, as the Pound continues to draw support from the strong UK data released on Friday.
EURGBP
Currencies
Crosses
Service-sector activity continues to expand
Service-sector activity continues to expand
The ISM services index rebounded to 52.4 in October amid an expansion in current activity and coming demand conditions. Service-providers reported paying higher prices as concerns around tariff-induced cost pressure continues.
CommercialServices
UnitedStates
Technical Analysis
Prices
Gold Price Forecast: XAU/USD back below $4,100 amid resurgent USD demand
Gold Price Forecast: XAU/USD back below $4,100 amid resurgent USD demand
Risk aversion dominates financial markets in the American session on Wednesday, resulting in a much firmer US Dollar (USD) across the FX board. In the case of XAU/USD, demand for safety benefits both Gold and the Greenback, keeping the pair afloat, though off its intraday high of $4,132.
Gold
XAUUSD
Fed
Sentiment
Recommended
US: Initial Jobless Claims jumped  to 236K last week
US: Initial Jobless Claims jumped to 236K last week
The number of US citizens submitting new applications for unemployment insurance went up to 236K for the week ending December 6, according to a report from the US Department of Labour (DOL) released on Thursday.
Employment
UnitedStates
EconomicIndicator
DollarIndex
USD/CAD Price Forecast: Targets nine-day EMA support near 1.3800
USD/CAD Price Forecast: Targets nine-day EMA support near 1.3800
USD/CAD trades around 1.3830 during the European hours on Friday, remaining subdued after registering nearly a quarter-percent loss in the previous session.
USDCAD
Majors
Technical Analysis
Broker Rebates