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Forex
NZD/USD Price Forecast: Slides to near 0.5900
NZD/USD slumps to near 0.5900 as the US Dollar capitalizes on upbeat US S&P Global PMI data for May.The US Composite PMI increased to 52.1 from 50.6 in…
US S&P Global PMIs set to reflect steady services, minor dip in manufacturing in May
The S&P Global advanced May PMIs are expected to show a slight dip in the manufacturing sector.Markets expect the Federal Reserve to cut rates in September…
Gold retreats while outlook remains firm on US debt concerns
Gold price surrenders intraday gains and falls to around $3,310 as the US Dollar finds temporary support.Mounting US fiscal deficit concerns keep the outlook…
JPY outperforming with modest gain – Scotiabank
Japanese Yen (JPY) is entering Thursday’s NA session with a modest gain against the US Dollar (USD), a lone performer in an environment of mild (albeit…
EUR/USD declines as Eurozone PMIs unexpectedly decline in May
EUR/USD slides to near 1.1300 as the flash Eurozone PMI data surprisingly contracted in May.US President Trump warns that Russia could avoid ending the war in…
G7 FX talks fuel USD bearishness – Danske Bank
EUR/USD edged higher above 1.13 as the USD continues to soften in an otherwise relatively quiet week for G10 FX, Danske Bank's FX analysts report. Fed holds…
Gold price retreats further from two-week high; $3,300 mark holds the key for bulls
Gold price pulls back after touching a two-week top earlier this Thursday, though the downside seems limited. US fiscal concerns and Fed rate cut bets continue…
German Preliminary Manufacturing PMI improves to 48.8 in May vs. 48.9 expected
Germany’s Manufacturing PMI edged higher to 48.8 in May vs. 48.9 anticipated.Services PMI for the German economy fell to 47.2 in May vs. 49.5 forecast.EUR/USD…
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $61.60 per barrel, up from Wednesday’s close at…
USD/CAD trades with negative bias around mid-1.3800s, just above two-week low
USD/CAD attracts sellers for the fourth straight day and seems vulnerable to slide further.An uptick in Crude Oil prices and reduced bets for a BoC rate cut…