"Nigel has a future in British Steel" – goes the 1980s XTC song, but what about United States Steel? The established industry company founded at the b
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UK's Sunak: Budget deficit will be significant by historic standards
British finance minister Rishi Sunak noted on Tuesday that the UK's budget deficit will be significant by historic standards and said the biggest unce
US Treasury Sec. Mnuchin: Economic conditions to improve in third, fourth quarters
"We are continuing to see large unemployment and other negative economic indicators in the second quarter," US Treasury Secretary Mnuchin told the Sen
Gold Price News and Forecast: XAU/USD trading along its Monday's daily lows [Video]
The breakout to new multi-year highs has not gone quite to plan for gold, but the prospect is not over yet. Given the strength of the early morning po
USD/JPY jumps to over 1-month tops and retreats, now steady below 108.00 mark
The USD/JPY pair spiked to levels beyond the 108.00 mark, or over one-month tops in the last hour, albeit quickly retreated few pips thereafter. The l
UK's Sunak: Official forecasts point to double-digit jobless rate
"The UK is facing a recession likes of which we haven't seen," British finance minister Rishi Sunak said on Tuesday. Key takeaways "Jury is out on wha
USD/JPY Price Analysis: Greenback trades in fresh May’s highs, challenging 108.00 figure
USD/JPY is in fresh May’s highs above the main SMAs on the four-hour chart. Buyers want a continuation of the upward movement eyeing a break above the 108.20 r
ECB's Lane: Fully prepared to further adjust instruments if warranted
The European Central Bank (ECB) is fully prepared to further adjust its instruments if warranted, ECB's chief economist Philip Lane reiterated on Tues
UK Inflation Preview: The closer it falls to zero, the greater the potential slide for the pound
UK inflation figures for April are set to show a considerable deceleration to just below 1%. A sharp fall in inflation may prompt setting sub-zero bor
FOMC Chairman Powell testifies before Senate Banking Committee – live stream
FOMC Chairman Jerome Powell and Treasury Secretary Mnuchin are testifying in a hearing entitled “The Quarterly CARES Act Report to Congress” before th