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Forex
US Dollar stands mildly soft on quiet Monday
DXY rally sees minor pullback on Monday but is set to continue its upward journey this week.
Fed maintains that only one rate cut is expected in 2024,…
Australian Dollar weak as markets await drivers in RBA decision
AUD/USD extended its decline in Monday's session as market gears up for RBA decision.
Federal Reserve's projection of higher interest rates continues to…
Dow Jones Industrial Average rebounds on Monday as investors continue to hope for rate cuts
Dow Jones clips into higher ground as investors look to claw back territory.
US Retail Sales to be the early week’s key data print.
Investors shrug off…
Canadian Dollar in a holding pattern as markets await meaningful data
Canadian Dollar treads lightly amidst quiet Monday markets.
Canada Housing Starts rise faster than expected in May, but sales and prices are down.
US NY…
Mexican Peso slips due to political uncertainty, sour sentiment
Mexican Peso down 0.29% amid risk aversion on weak China data and European political uncertainty.
Banxico's verbal intervention last week stabilized the…
Precious metals start the week trading weaker – TDS
Gold (XAU/USD) faces some Commodity Trading Advisor (CTA) selling amid the back-and-forth price action, but the latest Federal Reserve (Fed) meeting generated…
Post-OPEC+ oil price recovery fades away – TDS
Crude Oil's recovery could start to fade as upside momentum eases, TDS Senior Commodity Strategist Ryan McKay notes.
Markets may halt their Brent and WTI…
US Dollar struggles to move with markets unsure what to think of French politics
The US Dollar trades flat with markets returing to carry trades.
France’s political uncertainty continues to weigh on the country’s bonds and stocks.
The…
CAC40 could lose another 9%, breaking the upward trend
French stocks were under intense pressure last week due to political fears. Although paused on Monday, that sell-off has probably already undermined index…
EUR/GBP Price Analysis: Piercing Line candlestick pattern signals short-term reversal after lows
EUR/GBP sold off to just below 0.8400 as its downtrend unfolds.
It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the…