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Forex
Japanese Yen softens to near 158.00 amid Japan’s political concerns
The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political…
Double bottom at financial crisis lows sets up potential 77% bounce
FMC Corporation has traveled a brutal path from its 2021 peak near $140 down to current levels around $15.20, retracing nearly its entire post-Financial Crisis rally. But for…
Can $XOM break into blue skies?
There is a specific kind of tension that happens when a stock returns to its all-time high (ATH). For Exxon Mobil ($XOM), that level is $126.34. We’ve only seen price action at…
AUD/USD rebounds as US Dollar weakens on Fed independence concerns
The Australian Dollar (AUD) gains traction against the US Dollar (USD) on Monday, with AUD/USD snapping a three-day losing streak as broad-based weakness in the Greenback lifts the…
FX Today: US inflation steps in
The US Dollar (USD) lost some of its shine on Monday, weighed down by renewed concerns over the Fed’s independence as investors seem to have started to pencil in a (more?) dovish…
NZD/USD climbs as Fed independence concerns weigh on US Dollar
NZD/USD advances and trades around 0.5770 on Monday, up 0.60% on the day at the time of writing. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as renewed…
XAG/USD hits $86 record amid Powell indictment
Silver (XAG/USD) rally extends for the second straight day on Monday, with buyers pushing prices to a new record high of $86.23 a troy ounce, posting daily gains of nearly 7.50%,…
GBP/USD rallies as Fed independence fears trigger US Dollar sell-off
The British Pound (GBP) stages a comeback on Monday as traders grow risk-averse following threats to the US Federal Reserve (Fed) independence. A scarce economic docket in the UK…
US Dollar Index pulls back as Powell probe revives Fed independence concerns
The US Dollar Index (DXY), a gauge of the Greenback’s performance against six major currencies, edges lower on Monday as growing concerns over the Federal Reserve's (Fed)…
Euro strengthens amid broad USD weakness – Scotiabank
The Euro (EUR) is strong, up 0.4% vs. the US Dollar (USD) and a mid-performer among the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX…