News
Important Only
FxstreetJul 26, 2024
Japan CFTC JPY NC Net Positions increased to ¥-107.1K from previous ¥-151.1K
Gold price rebounds off two-week lows amid lower US yields
FxstreetJul 26, 2024
Dow Jones Industrial Average rallies on Friday as rate cut hopes resume
Australian Dollar closes a losing week on falling commodity prices and risk-aversion
Mexican Peso tumbles despite Fed rate cut optimism
FxstreetJul 26, 2024
United States Baker Hughes US Oil Rig Count increased to 482 from previous 477
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
Forex
USD/CAD: To remain close to its recent lows – Scotiabank
The Canadian Dollar (CAD) is slightly firmer on the session and while it remains down (0.6%) on the week versus the US Dollar (USD), it remains a clearly better performer overall than its close commodity peers (AUD and NZD are both down nearly 2%), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Jul 26, 2024
Indices
US Dollar Index edges lower to near 104.20 after mix US PCE Inflation release
The US Dollar Index (DXY) falls slightly to near 104.20 in Friday’s New York session after the United States (US) Bureau of Economic Analysis (BEA) published the Personal Consumption Expenditure Price Index (PCE) report for June.Fxstreet
Jul 26, 2024
