News
Important Only
Crude oil: Downside pressures to continue – TDS
FxstreetJul 15, 2024
The Third Plenum is set to give a boost to base metals – TDS
XAU/USD: Markets come back to Gold – TDS
Silver Price Forecast: XAG/USD hovers around $31 ahead of Fed Powell’s speech
GBP/USD: Little changed below the 1.30 point – Scotiabank
EUR/USD: Additional strength towards 1.0950/80 possible – Scotiabank
Commodities
The Third Plenum is set to give a boost to base metals – TDS
The gathering of top Chinese party officials amid the Third Plenum has kept base metals from weakening further, as traders await for signs of additional stimulus to turn the tide, TD Securities senior commodity strategist Daniel Ghali notes.Fxstreet
Jul 15, 2024
Forex
EUR/USD: Additional strength towards 1.0950/80 possible – Scotiabank
The Euro (EUR) retains a firm undertone. Minor dips to the upper 1.08s were well-supported in overnight trade and spot has regained the low 1.09 area fairly easily through European trade to trade to a marginal new, short-term high (highest since March), Scotiabank’s chief FX strategist Shaun Osborne notes.Fxstreet
Jul 15, 2024
Commodities
Gold prices could surge to $3,000 as flows 'have plenty of scope to expand': Citi
Gold prices might surge to $3,000 per ounce as financial flows show potential for significant expansion, according to a recent report from Citi analysts.The bank says that the weakening US labor markeInvesting.com
Jul 15, 2024
Other
President Biden is now likely to survive recent calls to step aside: BTIG
Former President Trump survived an assassination attempt over the weekend, an event that BTIG analysts believe strikes at the core of American democracy and could significantly alter the electoral lanInvesting.com
Jul 15, 2024
