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Forex
Canadian Dollar twists as markets struggle to pick a direction
The Canadian Dollar (CAD) backslid against the US Dollar on Monday.
A moderate recovery has the CAD back into the green for the day.
A Canadian holiday…
US Dollar pressured despite positive ISM Services report, dovish bets weigh
A disappointing July jobs report sparked hopes of a September rate cut as well as recession fears.
ISM Services data shows signs of improvement, overall…
Copper: Demand expectations are melting – TDS
Commodity demand expectations embedded within the complex are melting alongside the decline in equity indices and yields, TDS senior commodity strategist…
Gold: An acute risk of a widespread deleveraging event – TDS
Gold does not hedge against deleveraging or liquidity dynamics. There’s an acute risk of a widespread deleveraging event that could counterintuitively weigh on…
Stocks: Are we already in a bear market?
The stock market suffered significant declines on Thursday and Friday, and this morning, expectations are very negative after an overnight sell-off in global markets, fueled by…
Fed’s Goolsbee: If economy deteriorates, Fed will fix it
In an interview with CNBC on Monday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that there is a lot going on in the world, which…
Pound Sterling slumps as Middle East conflicts intensify global risk-aversion
The Pound Sterling declines against the US Dollar even though the latter plunges on firm Fed rate-cut prospects.
Slowing US labor demand has prompted…
Oil sinks despite geopolitical turmoil overhang
Oil prices edge lower for a third straight day in a severe correction.
Traders are running for the hills while recession fears emerge.
The US Dollar…
USD/CNH: Set to slide and test 7.0980 – UOB Group
Price action continues to suggest further US Dollar (USD) weakness, even though it is too early to determine if the long-term support near 7.0980 is within…
AUD/USD: Bears move towards the 0.6425 support – UOB Group
The Australian Dollar (AUD) could continue to weaken; it is unclear if it has enough momentum to break the significant support at 0.6425, UOB Group FX analysts…