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Forex
Gold nosedives after Trump victory – Commerzbank
The Gold price came under pressure in the immediate aftermath of Donald Trump's election victory and, with a decline of almost 2%, recorded its largest weekly…
Gold falls to major trendline on strong USD, asset reallocation, risk-on
Gold falls to key support from a major trendline for the long-term uptrend at $2,600.
A strong US Dollar is reducing the price of Gold, whilst competition…
US Dollar rally continues as investors double down on Trump trades
The US Dollar takes off again and crushes all its G20 peers.
The Trump trade is the main driver underpinning the Greenback.
The US Dollar index makes…
Pound Sterling slumps on slowing UK labor market
The Pound Sterling slumps to nearly 1.2800 against the US Dollar after the release of the weak UK employment data.
UK Unemployment Rate jumped to 4.3%,…
German ZEW Economic Sentiment Index falls to 7.4 in November vs. 12.8 expected
Germany’s ZEW Economic Sentiment Index dropped to 7.4 in November.
EUR/USD keeps the red above 1.0600 after German and Eurozone ZEW surveys.
The headline…
USD/JPY: Near term upside risk – OCBC
Ishiba will remain as PM after receiving support from parliament after 2 rounds of voting in a special parliamentary session yesterday. USD/JPY drifted higher;…
USD/CAD rises to near 1.3950 due to Trump’s proposed fiscal policies, lower Oil prices
USD/CAD continues to gain ground as Trump’s potential fiscal policies could delay further rate cuts by the Fed.
The commodity-linked CAD struggles as crude…
UK Unemployment Rate rises to 4.3% in quarter to September vs. 4.1% expected
The UK Unemployment Rate rose to 4.3% in three months to September.
The Claimant Count Change for Britain arrived at 26.7K in September.
GBP/USD remains…
GBP/JPY slides to 197.00 mark ahead of UK employment details
GBP/JPY attracts fresh sellers on Tuesday and is pressured by a combination of factors.
Intervention fears underpin the JPY, while a bullish USD continues…
GBP/USD extends the decline below 1.2850 ahead of UK employment data
GBP/USD weakens to near 1.2840 in Tuesday’s early European session.
Investors await the UK job data on Tuesday for fresh impetus.
The USD gains ground on…