News
Important Only
Gold rallies to new highs on rising China demand, weaker Dollar
FxstreetAug 20, 2024
Crude oil slumps as supply side issues eased – ANZ
FxstreetAug 20, 2024
US Dollar losses mount, almost erasing all 2024 gains in silent siege
USD/JPY remains subdued near 146.50 as Jackson Hole takes center stage
Bundesbank: German economic output could increase slightly in Q3
TRY: Lira depreciates faster ahead of rate decision – Commerzbank
Commodities
Gold rallies to new highs on rising China demand, weaker Dollar
Gold (XAU/USD) trades up to a new all-time high in the $2,520s on Tuesday on the back of news of solid demand from China, a weakening US Dollar (in which the precious metal is mostly priced), and continued geopolitical risks stemming from the Middle East, where peace talks are at risk of running aground.Fxstreet
Aug 20, 2024
Indices
US Dollar losses mount, almost erasing all 2024 gains in silent siege
The US Dollar (USD) extends losses on Tuesday after getting sucker-punched on Monday, with all eyes on the US Federal Reserve Jackson Hole Symposium in Wyoming, where Fed Chairman Jerome Powell is set to deliver a pivotal speech.Fxstreet
Aug 20, 2024
Economic Indicator
Bundesbank: German economic output could increase slightly in Q3
Germany’s central bank, the Bundesbank, said in its monthly economic report published on Tuesday that the “German economic output could increase slightly in Q3.” Additional takeaways German economic output could increase slightly in Q3.Fxstreet
Aug 20, 2024
Forex
Will the Riksbank fall in line with market expectations? – Commerzbank
The general consensus is that the Riksbank will cut the key interest rate today by 25 basis points to 3.50%, After all, inflation is trending downwards, although the monthly changes in the core rate could fall a little more, Commerzbank’s FX Analyst Antje Praefcke notes Two or three more moves for the rest of the year “The economy is weakening and could be supported with interest rate cuts.
Forex
EUR/USD: FX options markets suggest some active buying – ING
EUR/USD continues to grind higher without much news. At the heart of the story is whether EUR/USD will break out of an 18-month trading range, which has largely contained EUR/USD between 1.05 and 1.11, FX strategist Chris Turner notes.Fxstreet
Aug 20, 2024
