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Forex
ADP Employment Change expected to indicate better US private job growth in June
With the ADP and NFP releases, it will be another key week for the US labour market.The US private sector is expected to add 95K new jobs in June. The US…
US Dollar Index (DXY) trims losses following upbeat US data and returns to 96.50
The Dollar picks up, supported by strong US employment and manufacturing data.Fed Powell reaffirmed his "wait-and-see" stance at a central bankers' summit in…
Pound Sterling corrects against US Dollar ahead of US labor market data
The Pound Sterling retraces to near 1.3700 against the US Dollar as the latter gains on surprisingly upbeat US JOLTS Job Openings data for May.Fed Chair Powell…
EUR/JPY appreciates to near 169.50 ahead of Eurozone Unemployment Rate
EUR/JPY rises as the Japanese Yen weakens due to Trump’s consideration of additional tariffs of 30% or 35% on Japan.The Japanese Yen also faces challenges due…
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $64.87 per barrel, down from Tuesday’s close at…
Gold price flat lines below one-week high set on Tuesday amid mixed cues
Gold price consolidates its weekly gains registered over the past two days amid mixed cues.
A modest USD uptick and a positive risk tone seem to act as a…
AUD/USD approaches 0.6600 as the US Dollar falls ahead of Fed Powell, Job Openings data
The Aussie Dollar reverses previous losses and hits fresh YTD highs near 0.6600.Upbeat manufacturing data from China is buoying the Aussie on Tuesday.Later…
Low Oil prices slow down US drilling activity – Commerzbank
US crude Oil production rose to a record level of 13.47 million barrels per day in April, according to the US Energy Information Administration, Commerzbank's…
Replenishment of strategic Oil reserves in the US is postponed – Commerzbank
Trump is also lagging behind his own ambitions on another important point of his energy policy agenda, Commerzbank's commodity analyst Carsten Fritsch notes.…
Gold price rises again – Commerzbank
The Gold price has been on the rise again since yesterday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes. US labour market report is a…