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Forex
Fed’s Williams: Ready to start process of rate cuts
Federal Reserve Bank of New York President John Williams said on Friday that they are ready to start the process of rate cuts, per Reuters.
Key takeaways…
Gold trades volatile after US Nonfarm Payrolls
Gold extends its recovery after the release of more weak jobs’ data out of the US.
The data increases the chance of the Federal Reserve lowering interest…
USD/JPY holds losses after weak NFPs from the US
US Dollar's weakness continues after August Nonfarm Payrolls came in lower than expected, reflecting broader labor market concerns.
Market expectations for…
Mexican Peso recovers against USD after release of US Nonfarm Payrolls
The Mexican Peso recovers after declining to a new low for the year.
The Peso fell on investors' concerns regarding the Mexican government’s proposed…
Crude Oil keeps calm with US Jobs Report causing mayhem
Crude Oil trades near the year-to-date low recorded on Thursday below $70.00.
Sketchy OPEC communication leaves traders in the dark for the next movements.…
Base Metals: All eyes on China, rather than the US – Commerzbank
The Chinese data to be released over the next two weeks is likely to be decisive for base metals, Commerzbank commodity strategist Barbara Lambrecht notes.
A…
USD/CAD bounces back strongly to near 1.3500 after US/Canada Employment release
USD/CAD rebounds strongly to near 1.3500 as the US Dollar reverses losses after the release of the US NFP data for August.
Fewer-than-expected US job growth…
S&P 500: Price at 38.2% Fib support
As expected, the SP500 turned down for a deeper correction back to 5k area, as drop on all major indexes and some big cap names were pretty aggressive.…
Gold positioning is extreme – TDS
Markets are now pricing in a coin flip on a 50bp or 25bp cut by the US Federal Reserve (Fed), but more than 175bps of cuts by March has already attracted…
AUD/USD Price Forecast: Pulling back within a downtrend
AUD/USD is pulling back within a short-term downtrend.
The correction is quite shallow and will probably run out of steam and lead to a resumption of the…