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Forex
Gold price benefits from rate cut hopes and tensions in the Middle East – Commerzbank
The price of Gold rose to just under $2,470 per troy ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman…
Silver ETFs in higher demand again recently – Commerzbank
The price of Silver is still a long way off the multi-year high recorded in May, Commerzbank’s commodity analyst Carsten Fritsch notes.
Low Silver price fuels…
GBP/USD bounces back strongly above 1.2800 as US NFP disappoints
GBP/USD rises above 1.2800 on disappointing US NFP and higher jobless rate.
The USD Index posts a fresh four-month low near 103.30 after a weak labor market…
Chinese research group Antaike expects Copper price to fall – Commerzbank
Although the Copper price has already recovered somewhat, the numerous poor sentiment indicators in the manufacturing sector left their mark, Commerzbank’s…
EUR/USD: Breaks above 1.09 – Scotiabank
EUR/USD edged a little higher in European trade, reflecting the general drift in the US Dollar (USD), and broke above 1.09, Scotiabank’s FX strategist Shaun…
Silver Price Forecast: XAG/USD posts fresh weekly high at $29.20 as US labor market cools down
Silver price refreshes weekly high at $29.20 as weak US NFP data sends US yields down.
The US NFP report showed that labor demand has slowed and wage growth…
EUR/USD soars above 1.0900 after poor US NFP report
EUR/USD jumps to near 1.0900 as the US Dollar plunges after a weak US NFP report for July.
US labor demand appears to have slowed significantly, with slower…
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopes
GBP/USD rallies from daily low of 1.2707 to trade above the 1.2800 mark.
Key resistance levels reclaimed: 50-DMA at 1.2787 and 1.2800 mark; next targets are…
Pound Sterling Price News and Forecast: GBP/USD rises above 1.2800 amid weak US data fueling rate cut hopes
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopes
The Pound Sterling rallied sharply against the US Dollar after recent…
USD/CAD: Supported by soft stock market – Scotiabank
Soft stocks are helping keep the Canadian Dollar (CAD) tone defensive but whether weaker equity markets are enough of a justification for driving the CAD…