News
Important Only
USD/CAD: Supported by soft stock market – Scotiabank
FxstreetAug 2, 2024
Chinese research group Antaike expects Copper price to fall – Commerzbank
GBP/USD bounces back strongly above 1.2800 as US NFP disappoints
Investing.comAug 2, 2024
Nasdaq 100 enters correction territory as AI tailwind fades
Silver ETFs in higher demand again recently – Commerzbank
Gold price benefits from rate cut hopes and tensions in the Middle East – Commerzbank
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
Aug 2, 2024
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
Aug 2, 2024
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
Aug 2, 2024
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.Fxstreet
Aug 2, 2024
Economic Indicator
Payrolls growth slowed sharply to 114,000 in July; unemployment rate rise to 4.3%
Investing.com -- The U.S. economy added significantly fewer jobs than anticipated in July, in another sign of a cooling in labor demand in the world's largest economy.Nonfarm payrolls came in at 114,0Investing.com
Aug 2, 2024
