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Forex
EUR/USD consolidates losses with markets awaiting US inflation figures
The Euro hovers around 1.1700 after retreating from 1.1780 highs following reports of Russian drones in Poland's airspace.The US Dollar Index bounces from lows…
Euro slides against Pound as ECB decision looms amid geopolitical tensions
The Euro extends its decline against the British Pound for a second straight day.Traders stay cautious ahead of the ECB monetary policy decision on…
Breaking: US annual PPI inflation declines to 2.6% in August vs. 3.3% expected
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), declined to 2.6% on a yearly basis in August from 3.3% in…
Gold clings to gains as soft US PPI cements Fed cut bets
Gold steady near $3,650, close to its record high after near $3,675 seen on Tuesday.US PPI fell 0.1% MoM in August, after a downwardly revised 0.7% gain in…
CAD holds neutral range vs USD – Scotiabank
The Canadian Dollar (CAD) is dead flat on the session, with neither the generally softer USD tone nor the bid for its commodity cousins helping lift sentiment…
China is building up crude Oil reserves – Commerzbank
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes. China absorbs excess…
EUR/JPY dives to levels near 172.00 after BoJ’s hawkish comments
The Euro extends losses against the Yen, as BoJ officials hint at an October rate hike.The pair has retreated nearly 1% from Monday's highs, at 143.90.France's…
EUR quiet but threatening multi-year highs – Scotiabank
The Euro (EUR) is quietly consolidating its recent gains and trading at fresh one month highs vs. the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun…
China’s coal imports rose in August – Commerzbank
As transport data had previously indicated, China imported significantly more coal in August than in previous months: according to data from the Chinese…
USD/CAD Price Forecast: Consolidates around 1.3800 ahead of US NFP revision
USD/CAD wobbles around 1.3800 as investors await the release of the US NFP benchmark revision report.The Fed is almost certain to cut interest rates in the…