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Forex News
The New Zealand Dollar (NZD) has been experiencing a downtrend in the forex market, with experts predicting that it could drop below the 0.6000 level. The recent analysis by UOB Group FX strategists Quek Ser Leang and Peter Chia suggests that there is still room for the NZD to weaken further. Looking at the 24-hour
EUR/USD has seen an increase up to 1.0895 in Monday’s early Asian session, showcasing a 0.12% rise on the day. This surge comes as the US Dollar faces a decline, providing some support for the major pair. The German Retail Sales for May are expected later in the day, as well as the US Chicago
The Brent oil price experienced a sharp decline to a monthly low of USD 83.5 per barrel due to the weak Chinese data at the beginning of the week. This drop caused significant concern among investors and analysts, triggering a flurry of market activity. However, to the surprise of many, the price quickly rebounded, catching
Gold prices saw a decline in the Philippines, with prices dropping to 4,580.42 Philippine Pesos per gram from the previous day’s PHP 4,607.54. The price per tola also fell to PHP 53,425.16 from PHP 53,741.41. This fluctuation in prices is influenced by various factors that play a crucial role in determining the value of gold
Gold prices in the United Arab Emirates have remained relatively stable, with slight fluctuations observed over the past few days. According to data compiled by FXStreet, the price for Gold stood at 290.59 United Arab Emirates Dirhams (AED) per gram on Thursday, showing minimal change compared to the previous day. The price for Gold per
The US Dollar has observed a significant fall recently, reaching its lowest value since March. This decline can be attributed to the Federal Reserve’s bets leaning in favor of a dovish stance. The market sentiment towards the Federal Reserve’s monetary policy has been on the dovish side, which has put downward pressure on the USD.
The Canadian Dollar (CAD) is showing slight gains this morning, although it is considered a relative underperformer compared to a weakening US Dollar (USD). Shaun Osborne, Chief FX Strategist at Scotiabank, highlights that the Mexican Peso (MXN) is also losing ground amidst speculation surrounding President Trump’s interest in implementing tariffs. Data from yesterday’s Canadian Consumer
Upon reviewing the investment disclaimer provided, it is clear that there are risks and uncertainties associated with the information presented. It is important for individuals to understand that the markets and instruments discussed are for informational purposes only and should not be taken as a recommendation to buy or sell assets. This disclaimer serves as
BlackRock, the asset management giant, reported a 10% increase in profits in the second quarter of the year. This rise in profits was largely driven by robust ETF inflows and a rising stock market. The company reported a record $10.6 trillion in assets under management by the end of Q2, marking a 13% increase from
The USD/JPY pair has shown signs of edging higher to 158.30 in early Asian trading sessions, driven by a rebound in the US Dollar. With Fed officials acknowledging significant progress on inflation, investors are closely monitoring US economic data, particularly the June Retail Sales and speeches from Federal Reserve officials. This positive outlook on the
As we begin the week, the financial markets are treading cautiously in response to reports of an assassination attempt on former President Donald Trump. This unsettling news has put investors on edge, leading to a subdued start to trading activities. Moreover, the economic calendar for the day does not feature any high-impact data releases, further