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Forex
Crude Oil briefly finds fresh high before backsliding into the red on Friday
WTI falls back below $81.00 as bullish momentum gets snipped.
US Crude Oil initially rallied on Friday, but quickly tumbled into familiar levels.
The EIA…
USD/JPY Price Analysis: Extends gains near 161.00
USD/JPY climbs to 160.89, up 0.08%, buoyed by strong US data and rising Treasury yields.
Technicals show buyer momentum; RSI overbought but not extreme.…
AUD/JPY Price Analysis: Bulls persist, pair firmly above 107.00
AUD/JPY extends its gains, reaching new highs past 107.00 on Friday.
Indicators hint at possible downward correction due to overbought conditions.
On…
Dow Jones Industrial Average grinds into the middle amid churning Friday markets
Dow Jones continues to churn near 39,000.00 as markets await signs of rate cuts.
US PCE Price Index inflation came in as-expected, easing slightly.
Despite…
Mexican Peso rallies Friday, ends June with over 7% losses
Mexican Peso rebounds to 18.24 vs. US Dollar following Banxico's decision to maintain 11.00% rate.
Decision aligned with recent inflation data, targeting 3%…
EUR/USD drifts into familiar midranges after Friday goes nowhere
EUR/USD wraps up trading week at familiar technical levels near 1.0700.
German data broadly missed the mark early Friday.
US PCE inflation met…
NZD/JPY Price Analysis: Bullish bias continues as pair surpasses 98.00
NZD/JPY's bullish run persists as the cross surges past 98.00, marking fresh highs since 2007.
The 20-day SMA provides robust support at 96.90.
The strong…
Silver Price Analysis: XAG/USD climbs above $29.00 on soft US PCE
Silver up 0.49, boosted by lower US inflation data and Fed rate cut prospects.
Technical analysis shows bearish trends; RSI indicates selling pressure with…
Gold dips as Fed rate cut speculation rises post-US PCE data
Gold falls from daily highs, pressured by elevated US Treasury yields.
May US PCE Index meets forecasts, fuels hope for 2024 Fed rate cuts.
US 10-year…
Australian Dollar benefits from hawkish RBA, soft PCE data from the US
AUD rose against USD due to US inflation reduction and a potential dovish stance from the Fed.
Soft PCE data from the US may benefit the Aussie policy…