Canadian Dollar boosted by Greenback’s weakness as US jobless claims jump to 247K Canada’s Ivey PMI contracts for second month, but trade deficit widens sharply…
Initial Jobless Claims in the US rose by 8,000 in the week ending May 31. The US Dollar Index declines toward 98.50 after the data.…
Germany’s Factory Orders unexpectedly rose in April, suggesting that the country’s manufacturing sector sustained its recovery, according to the official data published by the Federal…
USD/MXN trades sideways with prices stalling above 19.20. The Mexican Peso remains vulnerable to broader risk sentiment, capping USD/MXN losses. US inflation moderates, but the…
The Federal Reserve’s (Fed) discount rate meeting minutes from April 7, 28, and May 8 revealed that policymakers are increasingly uneasy about looming economic impacts,…
The eight OPEC+ countries with voluntary production cuts decided at the weekend to increase Oil production by 411 thousand barrels per day in July. This…
Gold prices jump on renewed US-China tensions. US Dollar weakness once again drives Gold gains. Gold prices add 2% at the time of writing, threatening…
Today’s Gold Analysis Overview: General trend for gold: Upward. Today’s gold support points: $3267 – $3200 – $3150 per ounce. Today’s gold resistance points: $3366…
USD/CHF stuck between 0.8180–0.8300 as buyers fail to sustain breakout above resistance. RSI remains bearish; a break below 0.8200 could expose the May 7 low…
CTAs will continue to sell crude and industrial metals (x-copper) in most scenarios for prices by this time next week. In the imminent term, CTA…