The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US PCE inflation data. Investors will focus on a slew of US labor market data released next […]
Forex
Posted on:
Eurozone CFTC EUR NC Net Positions increased to €71.7K from previous €69.6K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and […]
Forex
Posted on:
United Kingdom CFTC GBP NC Net Positions increased to £87K from previous £63K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and […]
Forex
Posted on:
United States CFTC Oil NC Net Positions rose from previous 145.3K to 158.6K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and […]
Forex
Posted on:
SMH Semiconductor ETF should continue pushing to the upside
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan […]
Forex
Posted on:
Mexican Peso falls, weekly depreciation exceeds 1.30%
Mexican Peso extended its losses for the second straight day as USD/MXN hit a 19.74 peak. Banxico cuts rates to 10.50%, weakening the Peso as economic activity cools […]
Forex
Posted on:
Drops from yearly peak amid soft US Dollar
GBP/USD trades at 1.3403, down 0.08%, close to its two-year peak. Momentum fades with potential negative divergence, but a break above 1.3437 could target 1.3450 and 1.3500. A […]
Forex
Posted on:
Saudi Arabia apparently intends to increase oil production – Commerzbank
As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel allowing it […]
Forex
Posted on:
Gold price plummets Friday, still eyes weekly gains over 1%
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index […]
Forex
Posted on:
Bearish outlook intact despite sideways trading
The EUR/GBP pair traded sideways on Friday, clearing daily gains and stabilizing at 0.8335. The RSI and MACD suggest that selling pressure is steady but continues flashing oversold […]