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Forex
Gold plunges below $3,300 as risk appetite surges on China trade deal, Middle East diplomacy
XAU/USD falls over 1.5% as safe-haven demand wanes on global trade and geopolitical easing.US-China trade deal signed; more agreements expected before July 9,…
EUR/USD slips below 1.1700 as core PCE tops estimates, Eurozone data mixed
EUR/USD pulls back to 1.1695 after hitting yearly peak above 1.1750.US core PCE inflation rises above expectations; consumer sentiment improves, weighing on…
Canadian Dollar snaps lower after Trump pulls the plug on trade talks with Canada
The Canadian Dollar sharply pared back near-term gains on Friday.US President Donald Trump has announced that his team is ending all trade talks with…
Silver Price Forecast: XAG/USD dips below $36.20 after bearish reversal, US yields rebound
Silver retreats from a high of $36.83 and trades at $36.16 as the US Dollar and yields edge higher.A bearish engulfing candle forms; weekly close above $36.00…
GBP is trading unchanged near high – Scotiabank
Pound Sterling (GBP) is also quietly consolidating its latest push to a fresh multi-year high, trading just below Thursday’s local top in the upper 1.37s,…
Central banks intend to buy more Gold – Commerzbank
Gold remains in high demand among central banks. According to a survey published a few days ago by the Official Monetary and Financial Institutions Forum…
JPY flat vs. USD and lagging G4 peers EUR and GBP – Scotiabank
The Japanese Yen (JPY) is soft, down marginally against the US Dollar (USD) and trading around the midpoint of its range since early April, Scotiabank's Chief…
Platinum continues to catch up with Gold – Commerzbank
There's no stopping the price of Platinum: Yesterday, it climbed above the $1,400 per troy ounce mark for the first time since September 2014, Commerzbank's…
Fed’s Kashkari: The Fed might cut rates twice this year
The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, noted that he was sticking to his view that cooling inflation would allow the Fed to…
Pound Sterling Price News and Forecast: GBP/USD could correct lower in case 1.3750 resistance holds
GBP/USD Forecast: Pound Sterling could correct lower in case 1.3750 resistance holds
GBP/USD extended its weekly rally and reached its highest level since…