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Forex
Silver price today: rises on October 6
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Silver trades at $48.71 per troy ounce, up
1.51% from the $47.99 it cost on Friday.
Silver prices have…
EUR: Rangebound activity may continue – ING
EUR/USD has struggled to find a catalyst for a big break higher – i.e., above 1.180 – despite some accumulation of negative US news. The bar to sell dollars appears higher, and the…
EUR/USD trims losses after the shock of French PM Lecornu’s resignation
EUR/USD has returned to levels above 1.1670 ahead of the US session opening but remains way below the 1.1730 session highs reached during Monday's Asian session. The unexpected…
What Takaichi’s victory means for the JPY – Commerzbank
Sanae Takaichi won the leadership election of the Liberal Democratic Party (LDP) over the weekend. Given her affinity for 'Abenomics' - the ultra-expansionary fiscal and monetary…
Pound Sterling underperforms US Dollar despite US government shutdown
The Pound Sterling (GBP) trades 0.4% lower to near 1.3420 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair faces selling pressure as the…
Resilient, but still facing downside risks – ING
Weekend news suggests very little progress towards ending the US government shutdown, which means further delays in government-issued data. This will probably be another abnormal…
Stockpiling continued in September – Standard Chartered
Composite PMIs show moderating economic activity, following August’s 14-month high. Manufacturing remains supported by tariff front-loading; global supply, price pressures are…
EUR/JPY breaks 2024 highs, momentum accelerates – Société Générale
EUR/JPY has surged past its 2024 and September highs, confirming renewed bullish momentum. A short-term pullback toward 175.00/174.70 could attract buyers, keeping the broader…
Any decline is likely part of a lower range of 0.6580/0.6620 – UOB Group
Australian Dollar (AUD) may edge lower; any decline is likely part of a lower range of 0.6580/0.6620. In the longer run, AUD remains neutral but is now expected to trade in a…
GBP/JPY surges to year-high as Yen weakens on Japan’s leadership shift
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Monday, opening the week with a sharp gap higher as the Yen weakens following Japan’s political transition. At…