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Forex
Mexican Peso declines on sour sentiment following a weaker ISM report
Mexican Peso depreciates over 1% after printing solid gains.
Mexico's economic data shows unchanged business confidence and contraction in manufacturing…
Gold price edges lower amid high recession fears, post-ISM report
Gold price falls, after hitting a daily high of $2,462.
ISM report shows manufacturing activity at recessionary levels, spurring economic fears.
US jobless…
Canadian Dollar hesitates on risk appetite stutter
The Canadian Dollar stumbled against the Greenback on Thursday.
Canada and US PMIs gave a soft print in July.
US NFP looms large on Friday, markets hoping…
Destra Network DSYNC started new bullish sequence
DSYNC Destra Network is a decentralized cloud solutions project utilizing AI computing mechanisms and advanced technologies like IPFS and ENS. In today’s…
Oil: Recent price action is associated with global macro flows – TDS
Energy markets are not pricing in a significant rise in supply risk premia, TDS commodity strategist Daniel Ghali notes.
A marginal rise in energy supply risk…
JPY: A follow-up to yesterday’s BoJ decision – Commerzbank
On Wednesday morning, the Bank of Japan (BoJ) delivered a hawkish surprise. In addition to the actual rate hike, it was even made clear that further rate hikes…
US: Initial Jobless Claims rose more than estimated last week
Initial Jobless Claims rose by 249K vs. the previous week.
Continuing Jobless Claims rose by nearly 1.880M.
US citizens that applied for unemployment…
EUR: Making heavy-weather of a better environment – ING
EUR/USD should be doing better now that short-dated US rates are on the move again, ING’s FX strategist Chris Turner notes.
EUR to trade near 1.0800 in short…
China: Growth likely slowed further in July – Standard Chartered
The official manufacturing PMI stayed below 50 for a third month in July; services PMI fell to 50. Real activity growth may have eased due to sluggish demand;…
USD/CHF trades close to more than four-month low near 0.8750 with US NFP in focus
USD/CHF remains on backfoot near 0.8750 despite a sharp recovery in the US Dollar.
The US Dollar recovers as Fed’s dovish guidance was already factored in…