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Forex
More oil from OPEC+ again from October onwards? – Commerzbank
Despite the current massive production losses in Libya, a media report on Friday, according to which six sources close to OPEC indicated that the eight OPEC+…
Could Intel be kicked out of the Dow Jones index?
An analyst at the Carson Group thinks Intel is likely to be dropped from the Dow Jones.
INTC shares are down 6% on Tuesday and 59% for the year.
Intel is…
Gold drops to fresh lows amid market-wide sell-off
Gold trades breaks below $2,500 amid a financial-market wide sell-off.
Traders await US labor market data this week which will help determine future course…
Gold: Nearly half of trend followers positions to be liquidated – TDS
For the first time in months, CTAs could start liquidating Gold in a downtape over the coming week, reinforcing the set-up for our tactical short. Alternative…
Mexican Peso depreciates as lawmakers vote on constitutional reforms
The Mexican Peso trades slightly lower in its key pairs but remains in a firm downtrend overall.
The passage of constitutional reforms as they are debated…
3M is the best-performing Dow stock in 2024 so far
3M stock is outperforming the other 29 Dow Jones stocks YTD.
3M shares fell in value by two-thirds between early 2018 and late 2023.
Analysts have upgraded…
Pound Sterling Price News and Forecast: GBP/USD poised for further downside
GBP/USD Forecast: Pound Sterling poised for further downside
GBP/USD stays under modest bearish pressure in the European session on Tuesday and retreats…
DXY: ISM Mfg, Employment Data on tap – OCBC
Markets were largely quiet overnight as US markets were closed for labour day holiday, OCBC FX strategists Frances Cheung and Christopher Wong note.
Lots of…
China: IP growth likely edged down in August – Standard Chartered
The official manufacturing PMI edged down to a six-month low of 49.1 in August on weaker demand. IP growth may have slowed sharply to 4% y/y; export growth…
EUR/USD: Back to the downside of the trade – DBS
EUR/USD appreciated by 0.2% to 1.1072, brushing aside the victory of Germany’s far-right Alternative for Germany (AfD) in the eastern state of Thuringia, but…