News
Important Only
FxstreetJul 26, 2024
United States CFTC Oil NC Net Positions declined to 276K from previous 287.6K
FxstreetJul 26, 2024
United Kingdom CFTC GBP NC Net Positions up to £142.2K from previous £132.9K
FxstreetJul 26, 2024
Australia CFTC AUD NC Net Positions: $-8.8K vs previous $11.1K
FxstreetJul 26, 2024
Eurozone CFTC EUR NC Net Positions increased to €35.9K from previous €24.7K
United States CFTC Gold NC Net Positions down to $273.1K from previous $285K
FxstreetJul 26, 2024
Japan CFTC JPY NC Net Positions increased to ¥-107.1K from previous ¥-151.1K
Commodities
Gold price rebounds off two-week lows amid lower US yields
Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the September meeting, following a soft inflation report.Fxstreet
Jul 26, 2024
Indices
Dow Jones Industrial Average rallies on Friday as rate cut hopes resume
The Dow Jones Industrial Average (DJIA) scorched 700 points higher on Friday after a close-enough-to-expectations print in US Personal Consumption Expenditures Price Index (PCE) inflation came in cool enough to allow investors to keep hopes for a September rate cut pinned to the ceiling.Fxstreet
Jul 26, 2024
Forex
Australian Dollar closes a losing week on falling commodity prices and risk-aversion
In Friday's session, the Australian Dollar (AUD) slightly recovered against the USD, as AUD/USD rebounded to 0.65515 due to corrective activities after intensive sell-offs in the previous sessions.
Fxstreet
Jul 26, 2024
Economic Indicator
ECB's Schnabel: Services inflation is proving stickier than expected
Executive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn't necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay.Fxstreet
Jul 26, 2024
Forex
GBP/USD Price Analysis: Stays subdued at around 1.2850
The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at the September monetary policy meeting.
Fxstreet
Jul 26, 2024
Commodities
Major oil producers may withdraw again – Commerzbank
The price of a barrel of Brent crude temporarily traded at just over $80, close to the perceived ‘pain threshold’ of the OPEC+ production cartel: At this price level, the cartel had decided in the past to cut production in order to stabilise the market, Commerzbank’s commodity analyst Barbara Lambrecht notes.
Fxstreet
Jul 26, 2024
