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Sterling moved higher on Tuesday after three weaker sessions, with GBP/USD recovering toward 1.3450. The pound gained around 0.15% to $1.3451, helped by a softer US dollar and UK borrowing figures that came in better than expected. This analysis from mlgoldcorp.com examines whether GBP/USD can move through 1.3500, or whether high borrowing costs and fiscal...

Silver moved sharply higher on Tuesday as easing oil prices reduced some of the inflation pressure that had unsettled financial markets. Spot silver climbed around 2.8% to $57.99 per ounce, outperforming gold and moving back toward the psychological $58 level. This analysis from mlgoldcorp.com examines whether silver can maintain the advance and challenge $60, or...

Gold (XAU/USD) traded with a negative bias during Wednesday’s Asian session, holding above the key $4,000 psychological support while remaining under persistent selling pressure. The experts at Drexeldev take a closer look at this topic throughout the article below.   The initial bullish reaction to weaker US Consumer Price Index (CPI) data faded rapidly as markets...

West Texas Intermediate (WTI) extends its consolidation during Wednesday’s Asian session, fluctuating around $79.00 after reaching a one-month high near $79.70 on Tuesday. The recent pause follows a strong recovery from July lows and reflects a temporary balance between buyers and sellers rather than a deterioration in the prevailing trend.  The team at Drexeldev explores...

The Indian Rupee (INR) extended its recovery against the US Dollar (USD) on Wednesday as traders reduced expectations of further Federal Reserve (Fed) monetary tightening. The USD/INR exchange rate declined toward 96.11, marking renewed demand for the domestic currency after three consecutive sessions of gains. Drexeldev’s brokers take a closer look at this topic in...

The EUR/USD pair extends its recovery for a second consecutive session, trading with a mild bullish bias as the US Dollar weakens across the broader market. The pair is currently hovering around the 1.1435–1.1440 zone during the Asian session, recovering after the previous rejection from the 1.1460–1.1470 resistance area. Throughout the article below, the specialists...