Australia’s Unemployment Rate climbed to 4.5% in July from 4.4% in June, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of…
Read more →Silver (XAG/USD) trades sharply higher on Wednesday, changing hands near $65.80. The metal is riding a broad rally across precious metals with Gold (XAU/USD) soaring toward $4,500.
Read more →The USD/CHF pair tumbles nearly 2% on Wednesday as a US Treasury buyback announcement sends the Greenback into a tailspin, while US Treasury yields also dive. The pair trades at 0.7979 after reaching a high of 0.8128.
Read more →AUD/USD holds firm near a two-and-a-half-month high on Wednesday, supported by broad US Dollar (USD) weakness, while technical indicators point to further upside. At the time of writing, the pair trades around 0.7118, u…
Read more →The Mexican Peso (MXN) rallies to a two-year high of 16.94 on Wednesday as the US Dollar (USD) weakens amid falling US yields, which retreated after the US Treasury doubled the size of its long-duration bond buyback. Th…
Read more →West Texas Intermediate (WTI) Oil holds firm on Wednesday, hovering near its highest level in more than three weeks as traders balance Middle East supply risks against rising US crude inventories. At the time of writing…
Read more →NZD/USD rises sharply on Wednesday and trades around 0.5930 at the time of writing, up 0.96% on the day. The New Zealand Dollar (NZD) benefits primarily from broad weakness in the US Dollar (USD), as the sharp decline i…
Read more →Gold (XAU/USD) rallies during Wednesday’s session after the US Federal Reserve (Fed) released the minutes of its July meeting, in which the US central bank held rates unchanged but not unanimously, with three members di…
Read more →The Federal Open Market Committee (FOMC) published the Minutes of the July meeting on Wednesday. "The information available at the time of the meeting indicated that inflation remained elevated. Labor market conditions …
Read more →National Bank of Canada’s (NBC) Angelo Katsoras argues that Canada’s push to diversify exports away from the United States (US) toward the European Union (EU) faces growing obstacles as EU industrial policy turns more p…
Read more →USD/JPY edges lower on Wednesday as the US Dollar (USD) loses momentum and retreats toward the June lows touched earlier this week. At the time of writing, the pair trades around 159.10, down 0.32% on the day.
Read more →Commerzbank’s Antje Praefcke says markets will scrutinize the latest Fed minutes for clues on how close policymakers remain to another rate hike after weaker US labour and inflation data reduced expectations for a hike …
Read more →Societe Generale analysts Galvin Chia and Kunal Kundu note that Bank Indonesia kept the BI rate at 5.75%, with deposit and lending facility rates unchanged, reinforcing Rupiah stability and inflation control. They see t…
Read more →Gold (XAU/USD) trades moderately higher on Wednesday and returns to the $4,370 area, after finding buyers near the $4,300 area on Tuesday. A broad-based US Dollar weakness amid lower US yields ahead of the release of Ju…
Read more →West Texas Intermediate (WTI), futures on NYMEX, trade 0.55% higher at around $84.80 during the European trading session on Wednesday. The oil price remains firm as fears of prolonged energy supply disruption remain int…
Read more →Silver (XAG/USD) stabilizes around $63.45 on Wednesday, up 0.16% on the day at the time of writing. The white metal is attempting to regain its footing after hitting an intraday low of $62.19, initially extending the pu…
Read more →ING’s Chris Turner, citing UK economist James Smith, notes that July United Kingdom (UK) Consumer Price Index (CPI) had limited impact on EUR/GBP, with benign food inflation and only a modest uptick in the Bank of Engla…
Read more →The global bond market is facing a systemic stress test that extends well beyond the Federal Reserve. The triple forces of stubborn inflation, government fiscal expansion, and the artificial intelligence (AI) investment…
Read more →FX markets remain calm despite energy prices nudging higher and some weakness in semiconductor stocks. Expect further consolidation ahead of tonight's release of the July FOMC meeting minutes. Elsewhere, this quarter's …
Read more →The USD/CAD pair meets with fresh supply during the Asian session on Wednesday and, for now, seems to have stalled its recovery from the lowest level since June 3, touched earlier this week. Spot prices currently trade …
Read more →Gold (XAU/USD) rebounds from the weekly low, which it touched during the Asian session on Wednesday, and climbs above $4,350 in the last hour. The US Dollar (USD) attracts some sellers, stalling this week's goodish reco…
Read more →AUD/USD extends its losses for the second successive day, trading around 0.7080 during the Asian hours on Wednesday. Addressing the broader economic backdrop, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hause…
Read more →Silver price (XAG/USD) is down 0.5% to near $63.00 during the Asian trading session on Wednesday. The white metal extends its Tuesday’s decline amid fears of prolonged inflation concerns on the back of continued energy …
Read more →Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.”
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