News
Important Only
United States Baker Hughes US Oil Rig Count fell from previous 479 to 478
Canadian Dollar softens on Friday as markets grapple with acceleration in US PPI inflation
FxstreetJul 12, 2024
US Dollar prolongs losses despite strong PPI data
Yen weakness should be limited in the near term – UBS
AUD: Room to appreciate amid sticky core inflation – UBS
CHF: SNB is likely near the end of its easing cycle – UBS
Forex
GBP/USD Price Analysis: Soars as bulls set their sights at 1.3000
The Pound Serling rallied sharply against the US Dollar on Friday, up by more than 0.50% even though US inflation data on the producer front was slightly higher than expected, contrary to consumer prices revealed on Thursday.
Fxstreet
Jul 12, 2024
Commodities
Industrial metals see demand wain in China – TDS
Base metals have held strong as stimulus optimism gets baked in, however there’s an increasing level of bearishness on the ground in China, TDS com Base metals see their longs liquidated “With the upcoming plenum in China gaining plenty of market focus, base metals have held strong as stimulus optimism gets baked in.Fxstreet
Jul 12, 2024
Cryptocurrencies
Trump speaking at Bitcoin Conference seen as 'pivotal moment' for crypto industry
According to MK Dunkley, chief marketing officer of Unizen DEX aggregator, Donald Trump speaking at the upcoming Bitcoin conference in Nashville, Tennessee, later this month is a "pivotal moment for tInvesting.com
Jul 12, 2024
Forex
USD/CAD remains sideways above 1.3600 even though US PPI rise strongly
The USD/CAD pair doesn’t move much from its current range above 1.3600 in Friday’s American session even though the United States (US) Bureau of Labor Statistics (BLS) has reported that the producer inflation rose at a faster-than-expected pace in June.Fxstreet
Jul 12, 2024
