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Forex
Pound Sterling Price News and Forecast: GBP/USD remains fragile despite hot UK inflation readings
GBP/USD Forecast: Pound Sterling remains fragile despite hot UK inflation readingsFollowing a short-lasting recovery attempt in the early European session on…
US annual PPI inflation softens to 2.3% in June vs. 2.5% expected
Producer inflation in the US continued to soften in June.US Dollar Index trades marginally lower on the day near 98.50.The Producer Price Index (PPI) for final…
Gold price recovers as Fed Independence takes focus
Gold price rebounds after reports emerge that President may remove Fed Powell from officeUS Dollar retreats with trade talks and political uncertainty weighing…
US Industrial Production expands 0.3% in June vs. 0.1% expected
Industrial Production in the US expanded at a faster rate than expected in June.The US Dollar Index holds above 98.50 after the data.Industrial Production in…
Silver Price Forecast: Softer PPI data underpins XAG/USD, bullish momentum persists
Silver (XAG/USD) holds steady near $37.80 on Wednesday, recovering modestly from a mild pullback earlier in the week.The headline PPI came in flat for June,…
MSTR Elliott Wave technical analysis [Video]
MSTR Elliott Wave technical overview
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (iii) of {iii}.
Direction: Uptrend continuing in…
EUR supported by broader tone – Scotiabank
The Euro (EUR) is up a modest 0.2% against the US Dollar (USD) and attempting stabilization in the mid/upper-1.16s, supported by an improvement in the broader…
GBP is attempting stabilization – Scotiabank
The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD) and a mid-performer among the G10, attempting stabilization in the mid-1.34s following an…
Robust Aluminum production in China – Commerzbank
According to data from the statistics office, Aluminum production in China, the most important producer country, declined slightly in June compared to the…
JPY consolidating in tight range – Scotiabank
The Japanese Yen (JPY) is flat against the US Dollar (USD) and consolidating in a tight range just above its recent lows, Scotiabank's Chief FX Strategists…