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Forex
EUR/USD posts seven-month high above 1.1000 ahead of US inflation
EUR/USD exhibits sheer strength near 1.1000 as the US Dollar weakens as Fed rate-cut bets increase.
The Euro gains on expectations that the ECB will cut…
Gold upside limited by overextended positioning, say analysts
Gold is consolidating under chart resistance as falling US yields and a tense geopolitical backdrop support the metal.
Upside may be limited, however, by…
NZD/USD sticks to RBNZ-inspired losses, defends 0.6000 mark ahead of US CPI report
NZD/USD retreats sharply from a multi-week top after the RBNZ’s surprise 25 bps rate cut.
Dovish Fed expectations and a positive risk tone undermine the…
Pound Sterling slides after softer-than-expected UK inflation report
The Pound Sterling weakens against the US Dollar after UK inflation came in slightly softer than anticipated.
Easing UK price pressures gives more chances…
Is it time to buy or sell Bank of America after Warren Buffet’s move?
Warren Buffet recently sold millions of shares of Bank of America, leaving many stock traders wondering what their next move should be. With the stock price…
EUR/USD holds below 1.1000 ahead of Eurozone GDP, US CPI data
EUR/USD trades flat near 1.0990 in Wednesday’s early European session.
The US PPI rose 2.2% year-on-year in July, softer than expected.
ECB is likely to…
Orr Speech: RBNZ Governor speaks on policy outlook following the rate cut
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is speaking at the press conference after the August monetary policy announcement, presenting the…
WTI edges lower below $77.50 on slowing global demand and easing fears of wider Middle East conflicts
WTI trades in negative territory near $77.20 in Wednesday’s Asian session.
Less fears of a wider Middle East war and slowing global demand concerns…
UK CPI set to tick up in July, warranting BoE cautious approach to interest-rate cuts
United Kingdom’s CPI is foreseen to tick higher in July to 2.3% YoY.
The Bank of England acknowledged the battle against inflation is not done.
The Pound…
New Zealand Dollar gathers strength, with all eyes on RBNZ rate decision
The New Zealand Dollar (NZD) extends upside in Wednesday’s Asian session.
Improved risk sentiment and softer US Dollar support the NZD/USD pair.
Market…