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Forex
Gold bounces back as investors buy the dip amid rising US yields
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields.
De-escalation of Middle East…
Mexican Peso falls despite higher inflation, diminishing hopes for Banxico cut
Mexican Peso weakens against US Dollar, with USD/MXN climbing 0.74% following mixed Mexican inflation report, robust US Durable Goods Orders.
Mexico's CPI…
Dow Jones Industrial Average churns on Wednesday as investors wait for key US data
Dow Jones falls back below 38,400 and then recovers as risk appetite wobbles.
US Durable Goods Orders missed forecasts, but still climbed.
US GDP, PCE…
Pound Sterling poised to resume downtrend, despite ‘morning star’ formation
GBP/USD Price Analysis: Poised to resume downtrend, despite ‘morning star’ formation
The Pound Sterling is experiencing slight losses against the US Dollar,…
Canadian Dollar recoils on Wednesday, Canada Retail Sales disappoint
Canadian Dollar recedes across the board on Wednesday.
Canada Retail Sales broadly miss the mark, hurting Loonie.
US GDP, PCE inflation to dominate the…
Pause in bounce
Let‘s jump right into the stock market commentary this European morning and 10 min after the opening bell, together with the reason for late and brief analysis today (everything…
Gold price weakens further amid caution ahead of key US macro data
Gold price eyes more downside amid caution ahead of US core PCE Price Index data.
Apart from the US underlying inflation data, investors will focus on the …
USD/CAD bounces back to 1.3700 after weak Canadian Retail Sales data
USD/CAD recovers to near 1.3700 as the Canadian Retail Sales surprisingly contracted by 0.1% in March.
Weak Retail Sales data would prompt expectations of…
Pound Sterling recovery stalls amid firm speculation for early BoE rate cuts
The Pound Sterling struggles to hold recovery, driven by the upbeat preliminary S&P Global/CIPS PMI report for April.
Investors speculate that the BoE…
EUR/GBP Price Analysis: Downmove reaches critical support level
EUR/GBP price has fallen to support from the top of a multi-month range at 0.8590.
Despite bearish signs the pair could yet rally as the short-term trend…