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Forex
Australian Dollar holds ground following Trade Balance, China Services PMI data
The Australian Dollar maintains its position despite a decline in Australia’s trade surplus.China’s Caixin Services PMI came at 51.1 in May, improving from…
PBOC sets USD/CNY reference rate at 7.1865 vs. 7.1886 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1865 as compared to the previous day's fix of…
WTI edges lower to near $62.00 amid mounting supply glut fears
WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by 4.304…
GBP/USD sticks close to near-term highs as key labor data looms
GBP/USD remains close to recent peaks as the Greenback remains off-kilter.US ADP jobs softened much faster than expected on Wednesday, knocking back investor…
Apple stock clings to slight gain despite multiple headwinds
AAPL stock finds it hard to hold onto gains as obstacles arise.Needham downgrades AAPL shares on growth worries.Counterpoint Research cut the prediction of…
Canadian Dollar lurches into fresh highs after BoC holds off on rate cuts
The Canadian Dollar found a new eight-month peak against the US Dollar on Wednesday.The BoC held rates steady at its latest interest rate decision, giving the…
Mexican Peso trades near fresh YTD high against US Dollar
USD/MXN trades below 19.20 after testing a new YTD low at 19.16.US ADP Employment and ISM Services PMI data missed forecasts.Mexico responds to increased…
EUR/USD reclaims 1.14 as US data, trade tensions weigh on US Dollar
EUR/USD climbs over 0.50% as US services sector contracts, private hiring disappoints.Trump doubles tariffs on steel and aluminum; markets await Xi call for…
Gold price surges on weak US ISM report; trade tensions boost safe haven demand
Gold rallies from $3,343 low after ISM and ADP reports confirm US economic slowdown.Trump signs executive order raising metal tariffs to 50%, escalating…
USD/CAD weakens as BoC holds rates, US data disappoints
USD/CAD trades below 1.3700 after the Bank of Canada leaves rates unchanged at 2.75%.The Canadian Dollar is supported by the BoC’s cautious stance and strong…