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Forex
Pound could suffer further over the short term if market’s conviction on a June rate cut grows – MUFG
The BoE vote that revealed the two voters for a hike previously abandoning that stance has fuelled renewed GBP selling. Economists at MUFG Bank analyze Pound’s…
USD/CHF Price Forecast: First breakout target met
USD/CHF rises up and achieves the first price target for range breakout.
The pair is now pulling back and RSI is threatening to exit overbought increasing…
USD/CAD rises to 1.3570 as US Dollar advances on firm US economic outlook
USD/CAD climbs to 1.3570 amid firm US Dollar.
The appeal for the US Dollar strengthens on upbeat US economic outlook.
The Canadian Dollar weakens as BoC…
US Dollar to embark on a “bumpy road” – Commerzbank
The US Dollar (USD) lost ground after the Fed decision. Economists at Commerzbank analyze Greenback’s outlook.
A rate cut for 2024 could still fall by the…
Pound Sterling weakens as BoE turns slightly dovish on interest rates
The Pound Sterling tumbles on increasing expectations that the BoE will opt for interest-rate cuts later this year.
BoE Mann’s support for keeping interest…
Silver Price Analysis: XAG/USD tips top of range and reverses lower
Silver price rises up and tips the top of a long-term range before reversing lower.
It has formed a Bearish Japanese candlestick pattern, enhancing the…
Gold price falls further towards $2,160 on firm US Dollar
Gold price fails to hold all-time highs around $2,220 as the US Dollar strengthens.
The US Dollar capitalizes on the strong US economic outlook.
The Fed’s…
New Zealand Dollar weakens on negative economic outlook
The New Zealand Dollar is trading lower in most pairs as the country’s economic growth stutters.
Bearish technicals, showing a breakout from a price…
Natural Gas sinks over 1% with gas sellers hanging in the ropes
Natural Gas prices were unable to break above $1.90 this week.
Traders are throwing in the towel on bullish outlooks after European PMI data points to a…
USD/MXN: Mexican Peso weakness is unlikely given the current carry environment – Rabobank
Banxico announced its latest rate decision on Thursday, March 21, when it decided to cut rates for the first time since 2021. USD/MXN barely moved on the…