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Forex
Gold tops $3,370 as Powell puts September rate cut on the table
XAU/USD climbs 1%, trading above $3,370 after Powell speech.Powell: “Downside risks to the labor market are rising,” opening the door to a September rate…
Sharp decline in US Crude Oil inventories, gradual easing of distillate supplies – Commerzbank
Oil prices received support in the middle of the week from an unexpectedly sharp decline in US Crude Oil inventories last week of 6 million barrels, as…
Increase in Saudi Arabia’s Oil production doesn’t lead to higher export supply – Commerzbank
Saudi Arabia exported less Crude Oil in June despite a significant increase in Oil production, according to data from the Joint Organizations Data Initiative…
Strong increase in Swiss Gold exports to the US – Commerzbank
Switzerland exported larger quantities of Gold to the US again in July, according to foreign trade data from the Federal Customs Administration, Commerzbank's…
Copper mines are unable to keep up with refined Copper production – Commerzbank
According to figures published this week by the International Copper Study Group, mine production rose by 2.7% in the first half of this year compared with the…
AUD/USD rises toward 0.6500 as USD weakens on dovish Powell tone
AUD/USD gathers bullish momentum in the American session on Friday.Fed Chair Powell acknowledged increasing downside risks to the labor market.The US Dollar…
Silver extends rally as Powell’s Jackson Hole remarks boost Fed cut bets
Silver extends gains for the third consecutive day, trading around $38.70, up 1.2% on Friday.Fed Chair Powell’s Jackson Hole remarks highlighted rising…
GBP/USD jumps past 1.3500 as Powell leans dovish
GBP/USD rallies near 1.3500 as Fed Chair Jerome Powell hints at renewed easing cycle during Jackson Hole speech.Powell: “Downside risks to the labor market are…
EUR/USD jumps above 1.1700 on Powell’s dovish words
Dovish Federal Reserve Chair Powell’s words put the US Dollar in sell-off mode.Wall Street rallies on fresh hopes for a September interest rate cut.EUR/USD…
Pound Sterling Price News and Forecast: GBP/USD jumps past 1.3500 as Powell leans dovish
GBP/USD jumps past 1.3500 as Powell leans dovish
The GBP/USD rallies as the Fed Chair Jerome Powell takes the stand at the Jackson Hole Symposium. At the…