News
Australia ANZ Job Advertisements declined to -0. 2% in June from previous 1. 8%
1+ hour, 8+ min ago (221+ words) GBP/USD holds just in positive territory around 1. 3350 on Friday as the Greenback keeps a vacillating price action. With Fed rate hike expectations easing and US markets closed for the Independence Day holiday, Cable remains on track to post solid…...
New Zealand ANZ Commodity Price fell from previous 0. 7% to -1% in June
1+ hour, 30+ min ago (221+ words) GBP/USD holds just in positive territory around 1. 3350 on Friday as the Greenback keeps a vacillating price action. With Fed rate hike expectations easing and US markets closed for the Independence Day holiday, Cable remains on track to post solid…...
Weekly column: Why June's dismal 57k jobs report has Wall Street looking down
4+ hour, 18+ min ago (386+ words) European equity markets were surprisingly strong with both the German Stock Market (DAX) and Swiss Market Index (SMI) soaring to new all-time highs on Friday, July 3. However, these were not accompanied by new highs in either the London FTSE or…...
Forecasting the upcoming week: US Dollar's resilience faces Fed minutes and jobless claims
2+ day, 6+ hour ago (612+ words) The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market Committee (FOMC)…...
Silver Price Forecast: Reclaims $60 as RSI recovery targets $65 breakout
2+ day, 8+ hour ago (431+ words) Silver prices reclaim the $60. 00 mark for the second straight day and extend their weekly gains to over 5. 50%, trading at $62. 42 amid broader US Dollar weakness that is pushing the white metal to an eight-day high of $62. 89. Silver's rebound will face stiff…...
US Dollar Weekly Forecast: A softer Dollar, a stubborn Fed
2+ day, 9+ hour ago (1192+ words) The US Dollar (USD) has come under fresh downward pressure this week. Indeed, the US Dollar Index (DXY) could not sustain its earlier advance past the 101. 50 level, succumbing to fresh bearish pressure in the latter half of the week on…...
Copper: Tariff risks and Chile supply strain " Commerzbank
2+ day, 8+ hour ago (460+ words) Commerzbank analyst Norman Liebke reports that the Copper market is focused on a potential 15% US import tariff on refined Copper, which could temporarily boost US demand and prices if implemented in 2027. At the same time, Barbara Lambrecht highlights worsening supply…...
Weak data is not always good news
2+ day, 19+ hour ago (1681+ words) Financial markets have entered a new and more complicated phase. For several weeks, investors have been focused on inflation, central banks, the US dollar, oil, gold, and geopolitical risks. Now another factor is moving back to the centre of the…...
Oil: Market expectations diverge from data " Commerzbank
2+ day, 11+ hour ago (428+ words) Commerzbank's Commodity Research team, led by Norman Liebke and colleagues, notes that Oil prices have fallen as optimism grows over US'Iran talks and a potential reopening of the Strait of Hormuz. The bank highlights upcoming EIA forecasts, possible OPEC+ quota…...
New Zealand Dollar rises as weaker US jobs data hit US Dollar
2+ day, 11+ hour ago (577+ words) NZD/USD trades around 0. 5710 at the time of writing on Friday, up 0. 21% on the day, supported by improved risk sentiment and a weaker US Dollar (USD) following a softer-than-expected US employment report. US financial markets remain closed on Friday in…...