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Forex
Gold rallies to 2-month high amid weaker US Dollar and Fed uncertainty
Gold reverses losses on Friday, climbing to a 2-month high near $3,450.Despite a firmer US Dollar, bullion found renewed demand as traders maintained bets on…
Silver Price Forecast: XAG/USD rallies to fresh 14-year high, eyes break above $40.00
Silver advances to its strongest level since September 2011.Markets are pricing about an 87% chance of a Fed rate cut in September, despite firmer core PCE…
AUD/USD edges into fourth straight winning day
AUD/USD gained ground for a fourth straight session on Friday.The Aussie is gaining ground on a slumping US Dollar as Fed rate cut hopes remain.Markets largely…
Dow Jones Industrial Average backslides after fresh rise in PCE inflation
The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation…
Significant increase in Russian Oil shipments to India expected in September – Commerzbank
Bloomberg data showed that Russian Oil exports to India fell by almost 40% compared to the previous week to just over 800,000 barrels per day, the lowest level…
Marvell Technology earnings foreshadow a bad September ahead
Marvell Technology dumps over 16% after Q2 earnings.Marvell missed Q2 revenue projections, but Wall Street is more concerned with Q3 outlook.Michigan Consumer…
AUD/USD might rise above 0.6540 – UOB Group
Australian Dollar (AUD) could rise above 0.6540; it is unlikely to reach the next resistance at 0.6555. In the longer run, AUD is slightly positive, and it is…
EUR/USD steady despite strong US GDP as Greenback stays under pressure
The EUR/USD holds firm on Thursday, extending gains for a third straight day.The US GDP second estimate showed 3.3% annualized growth in Q2, above the 3.1%…
GBP/USD retreats towards 1.3500 as US GDP growth outpaces expectations
The GBP/USD slips below the 1.3500 level after the US GDP confirmed solid 3.3% growth in Q2.The Greenback remains under pressure amid dovish Fed…
Nvidia earnings smash, but market sends mixed signal
Wall Street held its breath heading into Nvidia’s Q2 release, and the chip giant didn’t disappoint on paper.Revenue exploded to $46.7 billion, well above the…