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Banking Capital Markets Finance Forex
October 4, 2023
By admin

USD Index treads water just above 107.00, look at US data

The greenback, in terms of the USD Index (DXY), alternates gains with losses above the 107.00 mark so far on Wednesday. USD Index focuses on US data, Fedspeak The index seems to have entered a consolidative phase around the area of 2023 tops beyond the 107.00 yardstick against the backdrop of further upside in US yields […]

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Banking Capital Markets Forex Technical Analysis
October 4, 2023
By admin

GBP/USD Price Analysis: Languishes near seven-month low, just above mid-1.2000s/38.2% Fibo.

The GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the previous day. The prospects for further policy tightening by the Federal Reserve (Fed) remain supportive of elevated US Treasury bond yields and assist the US Dollar (USD) to stand tall near a 10-month high. This, […]

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Banking Capital Markets Forex
October 3, 2023
By admin

US Dollar resides near new highs as rate differential keeps pushing US yields higher

The US Dollar (USD) is making victims in several asset classes: precious metals sink to yearly lows while bond traders are still reluctant to buy US bonds at these elevated coupons while equities are turning red on their yearly performance. King Dollar is not going away any time soon as US Federal Reserve Chairman Jerome Powell on Monday evening […]

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Banking Capital Markets Forex Technical Analysis
October 3, 2023
By admin

Euro seems to have met some contention near 1.0460

The Euro (EUR) accelerates its losses against the US Dollar (USD), dragging EUR/USD to the area of new year-to-date lows around 1.0460 on Tuesday. The earlier pessimism, however, appears somewhat fizzeld out towards the European midday and the pair manages to regain some composure around 1.0480. In the meantime, the march north in the Greenback remains everything […]

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Capital Markets Commodities Energy Commodities Technical Analysis
October 3, 2023
By admin

Natural Gas faces slowdown in demand and Adipec Summit comments

Natural Gas prices are facing challenges on the demand side as a mild fall kicks off the last two seasons in Europe. In several parts of Europe,  temperatures are still above 20 degrees Celsius, not demanding households to open up the heating. With this delay and the European gas provisions for the winter still near full […]

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Banking Capital Markets Forex
October 3, 2023
By admin

US Dollar challenges 11-month high as rally goes rogue

The US Dollar (USD) seems to like the number 11 as the Greenback was able to book its eleventh week of gains last week and currently has breached the eleventh-month high at 107.21. King Dollar is not going away any time soon as US Federal Reserve Chairman Jerome Powell on Monday evening communicated to the markets that […]

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Banking Capital Markets Economic Finance Forex Technical Analysis
October 2, 2023
By admin

Australian Dollar trims intraday losses, focus on RBA policy decision

The Australian Dollar (AUD) snaps the winning streak on the third successive day on Monday. The AUD/USD pair received upward support, primarily supported by the upbeat Chinese PMI data released over the weekend. However, the US Dollar (USD) continues to demonstrate resilience after the moderate economic data released on Friday. Australia’s TD Securities Inflation (YoY) data […]

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Capital Markets Fintech Forex
October 2, 2023
By admin

GBP/USD remains under pressure below the 1.2200 barrier, eyes on US PMI, Fed Chair Powell’s speech

The GBP/USD pair remains on the defensive below the 1.2200 barrier and trades in negative territory for the fifth consecutive week during the early European session on Monday. The major pair trades around 1.2180, losing 0.16% on the day. The US Bureau of Economic Analysis revealed on Friday that the Personal Consumption Expenditures (PCE) Price Index climbed […]

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Capital Markets Commodities Precious Metals Technical Analysis
September 28, 2023
By admin

Gold price bounces off multi-month low on weaker risk tone, not out of the woods yet

Gold price (XAU/USD) attracts some haven flow on Thursday and for now, seems to have snapped a three-day losing streak to a six-and-half-month low, around the $1,873-1,872 zone touched the previous day. Furthermore, a modest downtick in the US Treasury bond yields holds back the US Dollar (USD) bulls from placing fresh bets and turns […]

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Capital Markets Commodities Forex Technical Analysis
September 28, 2023
By admin

USD/CAD trades below 1.3500, faces pressure due to upbeat Crude oil prices

USD/CAD extends losses on the second successive day, trading lower around 1.3490 during the early European trading hours on Thursday. The pair is facing challenges due to the surge in Crude Oil prices. Crude oil prices surged to levels exceeding one-year highs due to ongoing indications of a tightening global supply and cautious optimism regarding an […]

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