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Forex
Fed’s Kashkari: Threat to rate cuts in 2024 if inflation stalls
Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that during the Fed’s meeting last month, he pencilled in two interest rate cuts this…
Mexican Peso rises following Banxico’s meeting minutes, surpassing US Dollar
Mexican Peso is slightly up versus the US Dollar on cautious trading as Consumer Confidence deteriorates.
Decrease in Mexico's Consumer Confidence and…
US Dollar edges lower ahead of NFPs
Higher-than-expected US Jobless Claims figures raised concerns over the US labor market.
Markets await Nonfarm Payrolls, Unemployment Rate, and Average…
GBP/USD is at fresh two-week lows testing the 1.2675 resistance area
The Pound takes advantage of US Dollar weakness to hit fresh two-week highs at 1.2675.
A higher-than-expected increase in US Jobless Claims has increased…
Canadian Dollar strengthens further on higher US Jobless claims
Canadian Dollar appreciates for the second consecutive day as US Jobless Claims increase beyond expectations.
Fed’s Harker has warned that it is too early…
Gold price holds gains near fresh record highs of $2,300 on weak US Dollar
Gold price tests the $2,300 region as the US Dollar extends its correction.
Weak US Services PMI report voiced concerns over the economic outlook.
US…
Silver could be just the most exciting trade – TD Securities
High global demand and the Federal Reserve cutting interest rates ensures the outlook for Silver has never been brighter, according to TD Securities.
Their…
Pound Sterling clings to gains on UK’s improved economic outlook, soft US Dollar
The Pound Sterling capitalizes on risk-on mood and rises to 1.2660.
UK’s upbeat Manufacturing PMI data and increasing home prices suggest that the recession…
Supply chains in US service sector continue to improve – TD Securities
TD Securities Global Strategy Team assess the latest ISM Services PMI report from the US.
Supply chains continue to improve
"The ISM services index came in…
USD/CAD Price Analysis: At make or a break around 1.3500
USD/CAD falls to 1.3500 due to multiple headwinds.
The US Dollar corrects further on the weak US ISM Services PMI report.
Higher Oil prices due to…