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Forex
India’s Russian Oil imports set five-month high in November – Commerzbank
There have been numerous indications recently that refineries in India would purchase less Russian Oil due to US sanctions. However, this is not yet reflected in the figures. On…
China’s Gold imports plunge to seven-month low – Commerzbank
China’s appetite for Gold is slowing as imports fall to seven-month lows, while exports to Hong Kong surge, pushing net imports 45% below last year’s level, Commerzbank's commodity…
Silver surges above $54, outpacing Gold – Commerzbank
The Silver price rose from $50 to more than $54 per troy ounce since the beginning of the week. The rise in the price of Silver thus eclipsed that of Gold. The Gold/Silver ratio…
Platinum hits $1,650, highest in over a month – Commerzbank
Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor…
Copper surges above $11,000 per ton amid supply concerns – Commerzbank
The Copper price has risen above the $11,000 per ton mark again this week. The increase was fueled by various statements made during a Copper industry conference in Shanghai,…
USD/CAD extends losing streak as Canada’s Q3 GDP rebound boosts the Loonie
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as traders respond to Canada’s Q3 Gross Domestic Product (GDP) rebound. At the time of writing, USD/CAD…
Happy Thanksgiving review
S&P 500 continued rising also through the Wednesday‘s regular session, much to clients‘ satisfaction – so lasting are the consequences of refusal to decline on poor retail…
EUR/CAD drops as Canadian GDP outshines, Euro faces mixed signals
EUR/CAD trades around 1.6180 on Friday at the time of writing, down 0.50%, as macroeconomic developments strengthen the Canadian Dollar (CAD) while leaving the Euro (EUR) lacking…
GBP/USD edges lower to 1.3220 as market leans bearish post-budget
GBP/USD dips during the North American session on Friday, despite heading into the end of the week with gains of almost 1%, after the financial markets digest the Autumn Budget.…
GBP/USD edges lower to 1.3220
GBP/USD edges lower to 1.3220 as market leans bearish post-budgetGBP/USD dips during the North American session on Friday, despite heading into the end of the week with gains of…