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Forex
WTI Oil Price Analysis: Closing in on cluster of resistance in the $79.00s
Oil is rising up to a cluster of daily major moving averages in the $79.00s.
These will probably present a tough level of resistance for the commodity. …
Mexican Peso recovery falters after traders shrug off Banxico’s intervention warning
The Mexican Peso briefly recovered on Thursday after the President of the Banxico warned she will prop up the Peso if volatility persists.
The recovery…
US Dollar stretches higher ahead of Michigan numbers
The US Dollar trades higher and overpowers other currencies such as the Japanese Yen and the Euro weaken.
The BoJ said it is set to ease its bond-buying…
Gold price rallies on weak US inflation despite hawkish Fed tilt
Gold soars above $2,330 as investors bet on Fed rate cuts later this year.
Risk aversion due to European political turmoil boosts demand for safe-haven…
Gold rushes up on weak US CPI and less hawkish Fed – TDS
Gold (XAU/USD) prices are nearly back to the post-CPI highs seen on Wednesday, analysts at TDS note.
Gold is on the rise, Silver faces a leg down…
Copper loses positions amid increasing inventory levels – TDS
The industrial metals continue to slide into the end of the week, analysts at TD Securities say.
Market unwinds its long positions on industrial metals
"With…
Silver Price Forecast: XAG/USD holds key support of $29 as cooler US CPI boosts Fed rate-cut bets
Silver price gains ground above $29.00 as soft US price pressures weigh on bond yields.
Traders price in two rate cuts this year against one signaled by the…
Bank of England set to lay groundwork for an August cut – Danske Bank
The Bank of England (BoE) will keep the Bank Rate unchanged at 5.25% and the first 25-basis-point cut isn't expected until August, says Kirstine…
EUR/USD: Potential bullish hammer to give spot a lift – Scotiabank
Election-related concerns are extending pressure on French assets, and markets are likely to play defensively. This will keep the Euro (EUR) on the back foot,…
GBP/USD: Softer as it falls through key support – Scotiabank
The Pound Sterling (GBP) falls through the key support at 1.2765 amid further moderation in Bank of England (BoE) and Ipsos inflation expectations, says Shaun…