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Forex
Gold ETFs continued to attract inflows in October – Commerzbank
Yesterday, the World Gold Council published data on Gold ETFs in October, Commerzbank's commodity analyst Carsten Fritsch notes. Gold ETF holdings reach five-year high in…
Data from China justifies Copper price correction – Commerzbank
The Copper price has recently fallen significantly from its record high at the end of October of just over $11,000 per ton, Commerzbank's Head of FX and Commodity Research Thu Lan…
Euro gains against Pound as BoE signals dovish shift
The Euro (EUR) edges higher against the British Pound (GBP) on Friday, snapping a two-day losing streak as the Bank of England’s (BoE) dovish policy stance weighs on the Sterling.…
UoM Consumer Sentiment Index falls to 50.3 in November vs 53.2 expected
Consumer confidence in the United States (US) continued to deteriorate in November, with the University of Michigan's Consumer Sentiment Index falling to 50.3 from 53.6 in October.…
USD/CAD retreats as strong Canada jobs data lift the Loonie
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday, snapping a six-day losing streak after stronger-than-expected labor market data signaled resilience in…
GBP/USD hovers around 1.3150 amid Fed caution and weak US sentiment
GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The…
Euro rebounds, eyes breakout above 1.1600
The Euro (EUR) extends its rebound against the US Dollar (USD) on Friday, building on renewed weakness in the Greenback. At the time of writing, EUR/USD is trading near 1.1575, its…
Pound Sterling Price News and Forecast: GBP/USD hovers around 1.3150
GBP/USD hovers around 1.3150 as US shutdown dampens households’ sentimentGBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK and as markets…
Lots of stablecoin usage would likely lower the neutral rate
Federal Reserve Governor Stephen Miran spoke about stablecoins and monetary policy at the Blockchain & Venture Capital Summit in New York on Friday. He said that a lot of…
Gold tops $4,000 as US shutdown, weak data stoke haven demand
Gold price (XAU/USD) advances during the North American session on Friday, up 0.64% as the US government shutdown extends, while risk aversion keeps US equity markets poised for…