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Forex
Mexican Peso slumps as economy slows down, increasing Banxico’s rate cut hopes
Mexican Peso slumps to weekly low of 18.81 as disappointing GDP data sparks USD buying.
Mexican Q2 GDP growth at 0.2% QoQ, below estimates of 0.4%, trails…
Pound Sterling Price News and Forecast: GBP/USD dips on strong US data approach 1.2800
GBP/USD Price Analysis: Dips on strong US data approach 1.2800
The Pound Sterling dropped early during the North American session after economic data from the…
US Dollar continues to gain ground amid promising data
US Dollar maintains momentum ahead of Fed decision and labor market update.
US JOLTs and CB Consumer Confidence figures exceed expectations.
Fed is…
Sharp rise in demand for Gold in India after tax cut – Commerzbank
A significant increase in demand for Gold in India can be observed right now, Commerzbank’s commodity analyst Carsten Fritsch notes.
India’s hunger for Gold…
AUD: Made in China – Commerzbank
Since July 12, the Australian Dollar (AUD) has lost almost 3.5% against the US Dollar (USD), making it one of the weaker G-10 currencies over that period. Two…
Silver Price Forecast: XAG/USD gives up intraday gains after upbeat US JOLTS Job Openings
Silver price becomes flat after the release of the better-than-expected US JOLTS Job Openings data for June.
US employers posted fresh 8.18 million…
EUR/USD: Thankless task – Commerzbank
The whole world is just waiting to see what the Federal Reserve decides and what Fed Chairman Jerome Powell says (or doesn't say) in the press conference,…
USD/JPY extends its recovery above 154.70 with central banks on focus
The Dollar appreciates against the Yen unfazed by the diverging Fed/BoJ policy outlook.
The BoJ is expected to launch an aggressive quantitative tightening…
USD: JOLTS and consumer confidence in play – ING
The US Dollar (USD) had a modest rally across the board on Monday but it was unclear why. It may have had something to do with month-end flows. However, the…
US Dollar ticks down as market sentiment improves ahead of the Fed
The USD lost momentum on Tuesday although it remains above previous resistance levels.
An improved risk environment and hopes of a dovish turn by the Fed…