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Markets
Can $XOM break into blue skies?
There is a specific kind of tension that happens when a stock returns to its all-time high (ATH). For Exxon Mobil ($XOM), that level is $126.34. We’ve only seen price action at…
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AUD/USD rebounds as US Dollar weakens on Fed independence concerns
The Australian Dollar (AUD) gains traction against the US Dollar (USD) on Monday, with AUD/USD snapping a three-day losing streak as broad-based weakness in the Greenback lifts the…
FX Today: US inflation steps in
The US Dollar (USD) lost some of its shine on Monday, weighed down by renewed concerns over the Fed’s independence as investors seem to have started to pencil in a (more?) dovish…
NZD/USD climbs as Fed independence concerns weigh on US Dollar
NZD/USD advances and trades around 0.5770 on Monday, up 0.60% on the day at the time of writing. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as renewed…
XAG/USD hits $86 record amid Powell indictment
Silver (XAG/USD) rally extends for the second straight day on Monday, with buyers pushing prices to a new record high of $86.23 a troy ounce, posting daily gains of nearly 7.50%,…
GBP/USD rallies as Fed independence fears trigger US Dollar sell-off
The British Pound (GBP) stages a comeback on Monday as traders grow risk-averse following threats to the US Federal Reserve (Fed) independence. A scarce economic docket in the UK…
US Dollar Index pulls back as Powell probe revives Fed independence concerns
The US Dollar Index (DXY), a gauge of the Greenback’s performance against six major currencies, edges lower on Monday as growing concerns over the Federal Reserve's (Fed)…
Euro strengthens amid broad USD weakness – Scotiabank
The Euro (EUR) is strong, up 0.4% vs. the US Dollar (USD) and a mid-performer among the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX…
EUR/USD bounces up strongly with Fed independence in focus
EUR/USD is trading near 1.1690 at the time of writing, 0.4% higher on daily charts after bouncing from one-month lows at the 1.1620 area earlier on the day. An upbeat Eurozone…