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Forex
Palladium price recovers from slump, CFTC data in focus – Commerzbank
The prices of precious metals have recovered, Commerzbank’s commodity strategist Carsten Fritsch notes.
Precious metals prices go up
“Silver is trading at…
Gold price clings to gains above $2,400 as traders price in Fed’s big rate cuts
Gold price remains broadly firm on multiple tailwinds on Friday.
Investors are divided over the size of Fed rate cuts in September.
Fed officials…
USD/CAD exhibits volatility above 1.3700 on weak Canadian Employment
USD/CAD shows volatility after a weak Employment report.
Canada’s labor market was squeezed and the wage growth measure decelerated in July.
The US Dollar…
US Dollar pushes against selling pressure and turns flat ahead of Friday’s US opening bell
The US Dollar erases earlier losses and heads back to flat.
The technical picture raises a worrying sign for the coming weeks.
The US Dollar index…
Nifty 50 Index technical analysis [Video]
Nifty 50 Index chart technical analysis and potential Elliott Wave counts
Nifty seems to have terminated Minor Wave 5 of Intermediate Wave (5), within Primary…
EUR: Rate spread still points north – ING
EUR/USD dived below 1.090 on Thursday after US jobless claims data, but then rapidly rebounded as the initial move proved understandably overdone, ING’s FX…
Shaken, NOK stirred – Commerzbank
The Norwegian krone has been shaken since the publication of the last inflation figures at the beginning of July. Four weeks ago, inflation for June surprised…
AUD/USD sits near multi-week peak, bulls await sustained strength beyond 0.6600 mark
AUD/USD climbs to a multi-week top and draws support from a combination of factors.
The RBA’s hawkish outlook and stronger Chinese inflation figures for…
FX option expiries for Aug 9 NY cut
FX option expiries for Aug 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
EUR/USD: EUR amounts
1.0775 1.2b
1.0800 820m
1.0900 3.1b
1.0905…
EUR/GBP trades with a bearish bias near 0.8550 after German inflation data
EUR/GBP trades in negative territory for the third consecutive day near 0.8560 in Friday’s early European session.
The German HICP inflation came in line…