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Forex
EUR/USD extends backslide as Greenback catches Friday bid
EUR/USD trimmed to the downside on Friday, extending into a three day down streak.
EU inflation brought no surprises, US PCE inflation kept rate bets on…
Gold stumbles amid surge in US Treasury yields, rises over 2% monthly
Gold falls below $2,500 following US PCE report, boosting likelihood of September Fed rate cut.
Fed's cautious policy easing strategy stirs uncertainty;…
USD Consolidates into Long Weekend – Scotiabank
An orderly end to the week looks in store ahead of the long weekend in North America. Stocks, bonds and crude oil are trading positively on the session while…
EUR/JPY rises after Eurozone inflation data lands as forecast
EUR/JPY is recovering after several days of weakness after Eurozone inflation comes out as expected.
It had been speculated the result would fall below…
Canada real GDP grew 2.1% in Q2 vs. 1.6% expected
Canada's economy grew at a stronger pace than expected in Q2.
USD/CAD trades marginally lower on the day below 1.3500.
Canada's real Gross Domestic…
Platinum is already giving up some of its August gains – Commerzbank
While the Palladium price continued to extend its gains in August, Platinum seems to have run out of steam again: yesterday, Platinum slipped below USD 950 per…
Making sense of mixed signs
S&P 500 erased premarket the NVDA high expectations issue – through broadening out. It even ran to my premium given 5,665 level, only to tumble from there.…
Gold extends range despite US PCE inflation data miss
Gold extends its mini-range on Friday despite US Core Personal Consumption Expenditures inflation data falling below estimates.
Technically, XAU/USD trends…
Copper ore production flat in Q2 – Commerzbank
According to the International Copper Study Group, around 11.1 million tons of Copper ore were produced in the first half of this year, an increase of 3.1%…
Crude Oil snaps support after OPEC sources confirm gradual reopening of production
Crude Oil sinks near 3% after OPEC headlines on output hikes.
The Libyan outage could still cause concerns about supply in the short term.
The US Dollar…