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Bank of America (NYSE:BAC) analysts highlighted Broadcom (NASDAQ:AVGO) as a top pick within the US semiconductor industry in a note this week based on their "Triple Momentum Rank" indicator.This ranki

Investing.comJul 5, 2024

Bank of America's Triple Momentum Allocator favors this US chip stock

GBP/USD rallied by 0.9% to 1.2760 yesterday from 1.2645 last Friday.

FxstreetJul 5, 2024

GBP/USD: The pair trades upwards this week – DBS

Natural Gas price (XNG/USD) eases for a ninth straight day on Friday, nearly matching the correction it faced in February, which was ten days.

FxstreetJul 5, 2024

Natural Gas extends losing streak after Netanyahu’s ceasefire action

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FxstreetJul 5, 2024
EUR/USD: Trades firmly around 1.0830 – DBS
Investing.comJul 5, 2024
Citi revisits its oil prices forecast for 2024
FxstreetJul 5, 2024
The USD is struggling on multiple fronts – DBS
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FxstreetJul 5, 2024
CNY rates: PBOC announces bonds borrowing – DBS
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FxstreetJul 5, 2024
EUR/GBP Price Analysis: Signs the downtrend could be resuming
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FxstreetJul 5, 2024
Pound Sterling strengthens as UK chooses Keir Starmer as their next PM
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Forex

EUR/USD: Trades firmly around 1.0830 – DBS

EUR/USD started July on a firm note. Markets are less nervous due to doubts about the far-right National Rally Party gaining an absolute majority, DBS Senior FX Strategist Philip Wee notes.
iconEUR/USD
Fxstreet
Jul 5, 2024
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Commodities

Citi revisits its oil prices forecast for 2024

Citi analysts say geopolitical tensions and extreme weather events remain risks for oil prices in the near term.They point to conflicts in the Middle East and Hurricane Beryl as examples. However, des
Investing.com
Jul 5, 2024
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Indices

The USD is struggling on multiple fronts – DBS

Today, a disappointing US monthly jobs report could push the Dollar Index (DXY) below 105, DBS Senior FX Strategist Philip Wee notes.
Fxstreet
Jul 5, 2024
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Forex

CNY rates: PBOC announces bonds borrowing – DBS

The People’s Bank of China (PBOC) announced CGB borrowing from primary dealers earlier this week.
iconUSD/CNH
Fxstreet
Jul 5, 2024
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Forex

EUR/GBP Price Analysis: Signs the downtrend could be resuming

EUR/GBP is potentially resuming its medium-term downtrend after correcting higher since the June 14 lows.
iconEUR/GBP
Fxstreet
Jul 5, 2024
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Forex

Pound Sterling strengthens as UK chooses Keir Starmer as their next PM

The Pound Sterling (GBP) exhibits sheer strength against major peers, except the Japanese Yen (JPY), in Friday’s London session.
iconGBP/USD
Fxstreet
Jul 5, 2024
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Economic Indicator

Fed’s Williams: Still a way to go to reach 2% inflation target on a sustained basis

In prepared remarks to an event at the Reserve Bank of India (RBI) in Mumbai on Friday, New York Federal Reserve (Fed) Bank President John Williams said on Friday, “there is still a way to go to reach 2% inflation target on a sustained basis.” Additional takeaways We have seen significant progress in bringing inflation back toward Fed's 2% target rate.
Fxstreet
Jul 5, 2024
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Economic Indicator

UBS: Political iceberg hits the market – UBS

The UK general election result is now clear (for the benefit of US readers, many countries are able to get a definitive result within hours of voting having concluded).
Fxstreet
Jul 5, 2024
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Forex

Mexican Peso rises for fourth day in a row against USD

The Mexican Peso (MXN) continues drifting higher in its most traded pairs on Friday, with gains particularly marked against the US Dollar (USD), which has weakened after a run of poor US economic data.
iconUSD/MXN
Fxstreet
Jul 5, 2024
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Stocks

UK stocks remain cheap after election - Citi

Investing.com - The U.K general election has resulted in a landslide victory for the opposition Labour Party, and Citigroup sees the potential for upside for U.K markets in the wake of this result.As
Investing.com
Jul 5, 2024
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Economic Indicator

US 10-Year Treasury Yield: 4.355% – UOB Group

While the US 10-year yield is likely to trade between the two major levels of 4.137% and 4.622% in the near-term, the downside risk appears to be greater, UOB Group analyst Quek Ser Leang notes.
Fxstreet
Jul 5, 2024
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Commodities

WTI moves below $83.50 amid expectations of increased supply, US NFP awaited

West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.
iconWTI
Fxstreet
Jul 5, 2024
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Commodities

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
iconSilver
Fxstreet
Jul 5, 2024
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Technical Analysis

USD/CNH: The pair faces a small chance to fall to 7.2800– UOB Group

The US Dollar (USD) could decline further, but it is unlikely to threaten the support at 7.2800.
Fxstreet
Jul 5, 2024
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Economic Indicator

Eurozone Retail Sales rise 0.1% MoM in May vs. 0.2% expected

Eurozone’s Retail Sales rose 0.3% YoY in May, having registered a 0.6% growth in April, the official data released by Eurostat showed on Friday.
iconEUR/USD
Fxstreet
Jul 5, 2024
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Forex

Eurozone Retail Sales (YoY) above forecasts (0.1%) in May: Actual (0.3%)

Eurozone Retail Sales (YoY) above forecasts (0.1%) in May: Actual (0.3%)
iconEUR/USD
Fxstreet
Jul 5, 2024
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Forex

Eurozone Retail Sales (MoM) registered at 0.1%, below expectations (0.2%) in May

Eurozone Retail Sales (MoM) registered at 0.1%, below expectations (0.2%) in May
iconEUR/USD
Fxstreet
Jul 5, 2024
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