Market Today

GBP/USD Flat Ahead of UK Q2 GDP


The GBP/USD pair is relatively flat around 1.2140 ahead of the UK Q2 GDP report. Moreover, there is growing concern that Boris Johnson, the UK Prime Minister will announce for […]

Gold Prices Drop On Thursday


This morning, gold prices dropped after the global stock markets started to recover; thus making Gold Futures for December delivery fell by 0.5% to reach $1,512.50 on the Comex division […]

RBNZ Cut OCR by 50bps


According to the chief economist of Westpac, Dominick Stephens, everyone has been surprised by the Reserve Bank of New Zealand (RBNZ)’s decision to cut the official cash rate (OCR) today […]

Bitcoin Continues To Gain


Several analysts believe that cryptocurrency can be used as a hedge against the US-China trade war. This explains the continuous rise in the price of Bitcoin as it now reaches […]

Yen Rises Against the US Dollar


The trade tension between the US and China along with the protests in Hong Kong made the Japanse yen goes up against the US dollar.

BOE Cuts Growth Forecast


According to the Bank of England (BOE), Brexit is having a huge impact on the British economy. The new forecast for the next two years is now 1.3%. Bank of […]