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Forex
Fed’s Musalem: Recent information suggests that the risk of inflation moving higher has risen
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem hit the wires on Wednesday, noting that sticky inflation figures make it difficult for the…
Fed’s Schmid: I won’t let enthusiasm over rising productivity get ahead of data
Federal Reserve (Fed) Bank of Kansas President Jeffrey Schmid made a rare appearance on Wednesday, flagging potential pitfalls on the path toward lower…
Home Depot stock gains on analysts raising price targets
Home Depot stock gained 1.6% on Wednesday after analysts were positive on Q3 results.
HD stock slid more than 1% lower on Tuesday as CEO blamed high…
US Dollar jumps higher after Fed’s Logan dampens hopes for December rate cuts
The US Dollar jumps on the back of hawkish Fed comments.
Dallas Fed President Logan issues cautious approach for December rate cut becoming an uncertainty.…
GBP/USD Price Forecast: Dips to 1.2700, ignores BoE’s hawkish comments
GBP/USD extends losses, breaking below the 200-day SMA, with further downside potential.
Technical indicators suggest continuing bearish momentum with…
Silver Price Forecast: XAG/USD recovers to near $31.00 on sticky US inflation report
Silver price bounces back to near $31.00 after the US inflation report, which showed that price pressures remain sticky.
Annual headline and core CPI rose…
Breaking: US headline CPI rose by 2.6% in October
The Bureau of Labor Statistics (BLS) reported that the headline Consumer Price Index (CPI) rose by 2.6% last month, matching prior forecasts. Meanwhile, core…
USD/THB: Bullish but overbought – OCBC
USD/THB traded sharply higher, in part due to stronger US Dollar (USD), softer gold prices and in part, due to concerns over central bank autonomy. USD/THB was…
Pound Sterling remains vulnerable against USD as traders brace for inflation data
The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October.…
DXY fully retraced 3Q’s decline – DBS
The Dollar Index (DXY) powered higher for a third session to 106, fully retracing its third-quarter decline, DBS’ Senior FX Strategist Philip Wee notes.…