News
Important Only
Mexican Peso advances steadily after Banxico maintains rates
FxstreetJun 28, 2024
United States Baker Hughes US Oil Rig Count dipped from previous 485 to 479
Canadian Dollar gains ground after Canadian GDP steps higher
FxstreetJun 28, 2024
US Dollar gains cleared out post PCE data
GBP/USD Price Analysis: Posts weekly losses, directionless beneath 1.2650
FxstreetJun 28, 2024
Copper is under selling pressure – TDS
Forex
Mexican Peso advances steadily after Banxico maintains rates
The Mexican Peso recovered ground against the US Dollar and rallied more than 1% on Friday after the Bank of Mexico (Banxico) decided to keep rates unchanged due to “idiosyncratic factors” and the Peso’s depreciation following the June 2 general election results.Fxstreet
Jun 28, 2024
Forex
Canadian Dollar gains ground after Canadian GDP steps higher
The Canadian Dollar (CAD) found some room on the high side on Friday, pushing up by a scant tenth of a percent against the US Dollar amid choppy intraday price action after key economic data broadly met market expectations.Fxstreet
Jun 28, 2024
Forex
GBP/USD Price Analysis: Posts weekly losses, directionless beneath 1.2650
The GPB/USD is subdued during the North American session on Friday following a positive UK GDP report, yet an uptick in the Fed’s preferred gauge of inflation, the PCE Price Index, capped the major, which trades at 1.2642, virtually unchanged.Fxstreet
Jun 28, 2024
Commodities
Copper is under selling pressure – TDS
Price action in the base metal complex is staving off Commodity Trading Advisor (CTA) selling pressure in Copper, however the higher selling trigger, now at $9,350/t, is becoming more of an entrenched risk for the red metal, TDS commodity strategists note.Fxstreet
Jun 28, 2024
Forex
EUR: Downside comes on the back of the elections – MUFG
After initially dropping by two big figures in the six trading days following the announcement of snap elections in France, EUR/USD has stabilised since around the 1.0700-level but next week could be a week of renewed volatility depending on the result of the first round of elections on Sunday, Head of Research at MUFG Derek Halpenny notes.
Fxstreet
Jun 28, 2024
Forex
AUD/USD jumps higher to 0.6670 as US Inflation cools down expectedly
The AUD/USD pair revives intraday losses and surges to near 0.6670 in Friday’s New York session after the United States (US) Bureau of Economic Analysis (BEA) published a soft Personal Consumption Expenditure Price Index (PCE) report for May.
Fxstreet
Jun 28, 2024
Stocks
BofA: Lamborghini in Volkswagen portfolio worth billions, up to EUR 40 per share
Investing.com - BofA Securities has highlighted Lamborghini as an important yet undervalued asset within the Volkswagen (ETR:VOWG_p) Group in a research study. The report, titled "Postcard from Italy:Investing.com
Jun 28, 2024
