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Forex
Gold recovers losses after US inflation data misses expectations
Gold rebounds at the end of the week after the release of US PCE inflation data comes out lower than expected.
The data suggests a continuation of the…
AUD/USD Price Forecast: Breaks out of range and follows through to the upside
AUD/USD breaks out of the top of a range and rallies.
It has reached an initial bullish target and there is a risk it could soon pull back.
AUD/USD…
US UoM Consumer Confidence Index rises to 70.1 in September
Consumer confidence in the US improved by more than anticipated in September.
UoM survey showed five-year inflation expectation held steady at 3.1%.…
USD/JPY slides further to 142.50 on Ishiba’s victory in PM contest
USD/JPY falls further to 142.50 on multiple headwinds.
Japan Ishiba’s victory in PM elections has strengthened the Japanese Yen.
Cooling US inflationary…
GBP/USD Price Forecast: Drops from yearly peak amid soft US Dollar
GBP/USD trades at 1.3403, down 0.08%, close to its two-year peak.
Momentum fades with potential negative divergence, but a break above 1.3437 could target…
Saudi Arabia apparently intends to increase oil production – Commerzbank
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel…
EUR/GBP Price Analysis: Bearish outlook intact despite sideways trading
The EUR/GBP pair traded sideways on Friday, clearing daily gains and stabilizing at 0.8335.
The RSI and MACD suggest that selling pressure is steady but…
What just happened: What is PCE inflation, and why does it matter?
What just happened?
August’s US Personal Consumption Expenditure Price Index (PCE), or PCEPI as the US Federal Reserve (Fed) refers to it, clocked in at an…
EUR/USD recovers losses as soft US PCE inflation weighs on US Dollar
EUR/USD reverses intraday losses on softer-than-expected US PCE inflation report for August.
Flash French CPI (EU norm) and Spain's HICP fell below 2%…
Pound Sterling reclaims 1.3400 on soft US PCE inflation
The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US PCE inflation data.
Investors will focus on a slew of US labor…