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Forex
NZD/USD Price Analysis: Bears take a breather, yet maintain a clear domination
NZD/USD slightly rebounds, hovering near the 0.5900 mark, but remains under a clear bearish influence.
The pair lost more than 4% in July, underscoring a…
Gold rises amid soft US Dollar as traders eye next week Fed meeting
Gold price bounces from daily lows of $2,356, now at $2,385.
Fed's preferred inflation gauge shows mixed results, edging closer to the 2% target.
US…
USD/CAD Price Analysis: Reaches critical point at ceiling of three-month range
USD/CAD has reached the top of a range it has been trading in for over three months.
It could either breakout higher or pull back down and start descending…
EUR/JPY Price Analysis: Risk of recovery after deep sell-off
EUR/JPY finds a floor after its steep sell-off.
The pair forms a Dragonfly Doji and recovers – a bullish close on Friday would add confidence to bulls. …
Breaking: US core PCE inflation holds steady at 2.6% vs. 2.5% forecast
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.5% on a yearly basis in June from…
Stocks: The question remains – Is this just a correction?
Stocks fluctuated on Thursday in a big way, with the daily trading range of the S&P 500 index exceeding 100 points. It closed 0.51% lower, indicating…
JPY: Lots of hope – Commerzbank
Those who still believed that the JPY's rally was due to idiosyncratic factors that only affect the Japanese currency were disabused of that notion by 2:30…
CNY: No turning point – Commerzbank
Yesterday morning, the CNY was able to take advantage of the JPY's strength against the US Dollar and also appreciated significantly against the greenback. At…
US Dollar Index edges lower to near 104.20 after mix US PCE Inflation release
The US Dollar drops as steady US core PCE inflation growth appears insufficient to impact firm Fed rate-cut bets.
The Fed is widely anticipated to leave…
EUR/USD: Looks well-supported on dips – Scotiabank
The Euro (EUR) is flat on the day and down only modestly on the week as it holds a neutral range trade around 1.0850, Scotiabank’s Chief FX Strategist Shaun…