Unlikely to be able to break above 0.5990 – UOB Group
[ad_1] There is room for New Zealand Dollar (NZD) to rise further, but it is unlikely to be able to…
Category: Forex News
US Dollar Index (DXY) recovery loses steam at 97.80
[ad_1] The US Dollar Index loses steam at 97.80 and keeps the broader bearish trend intact. Weak US employment and…
XAU/USD trades firmly near $3,650 on firm Fed dovish bets
[ad_1] Gold price holds onto recent rally near $3,650 amid firm expectations that the Fed will cut interest rates next…
Underlying assumptions regarding supply are too optimistic – Commerzbank
[ad_1] Such a significant oversupply as anticipated by the IEA would exert considerable pressure on oil prices, like in 2020,…
A narrower range of 146.20/148.50 may be enough to contain the price – UOB Group
[ad_1] US Dollar (USD) is likely to trade in a range of 146.75/147.65. In the longer run, a narrower range…
OPEC, by contrast, forecasts a supply deficit – Commerzbank
[ad_1] OPEC did not make any changes to its forecasts in its monthly report, Commerzbank’s commodity analyst Carsten Fritsch notes.…
Likely to trade in a range between 7.1080 and 7.1240 – UOB Group
[ad_1] US Dollar (USD) is likely to trade in a range between 7.1080 and 7.1240. In the longer run, room…
WPIC continues to see Platinum market as significantly undersupplied – Commerzbank
[ad_1] The World Platinum Investment Council has revised its forecast for the supply deficit in the Platinum market this year…
USD/CHF languishes around 0.7960 with US Consumer Sentiment on focus
[ad_1] The US Dollar wavers around 0.7960 after rejection from 0.8000 on Thursday. A large increase in US Jobless Claims…
Indian Rupee bounces back as India’s retail inflation grew faster in August
[ad_1] The Indian Rupee rebounds against the US Dollar to near 88.40 as India’s CPI grew at a faster pace…