News
Important Only
JPY is set for appreciation – NBC
USD/CAD to rise above 1.40 in the coming months – NBC
USD: Greenback is under pressure – NBC
Gold price tumbles after hitting two-week high amid Fed rate cut speculation
JPY: Surprise, surprise! – Rabobank
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopes
Forex
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopes
The Pound Sterling rallied sharply against the US Dollar after recent economic data from the United States (US) sparked speculation that the US Federal Reserve might cut interest rates faster than expected.Fxstreet
Fri, Aug 2
Forex
USD/CAD: Supported by soft stock market – Scotiabank
Soft stocks are helping keep the Canadian Dollar (CAD) tone defensive but whether weaker equity markets are enough of a justification for driving the CAD significantly lower at the moment remains to be seen, Scotiabank’s FX strategist Shaun Osborne notes.Fxstreet
Fri, Aug 2
Commodities
Chinese research group Antaike expects Copper price to fall – Commerzbank
Although the Copper price has already recovered somewhat, the numerous poor sentiment indicators in the manufacturing sector left their mark, Commerzbank’s commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Aug 2
Commodities
Gold price benefits from rate cut hopes and tensions in the Middle East – Commerzbank
The price of Gold rose to just under $2,470 per troy ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening, Commerzbank’s commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Aug 2
Commodities
OPEC+ sticks to planned supply expansion in the 4th quarter for the time being – Commerzbank
The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ did not decide to change production policy at its virtual meeting yesterday, Commerzbank’s commodity analyst Carsten Fritsch notes.
BrentFxstreet
Fri, Aug 2
