Chicago Fed National Activity Index Dips to -0.08 in July, Signaling Slower Growth
The Chicago Fed National Activity Index (CFNAI) dipped to -0.08 in July, down from a revised -0.02 in June, signaling a slight slowdown
Forex News
Forex News
Gold Jumps Above $4,575 as Bulls Reclaim $4,650 – Is $4,770 Next?
Gold prices surged past $4,575 per ounce in early trading on [current date], as bullish momentum pushed the precious metal to reclaim the
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Czech Koruna Leads CEE FX as Policy Divergence Widens – Commerzbank
The Czech koruna is leading Central and Eastern European (CEE) currencies as central bank policy paths diverge, according to a note from Commerzbank.
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Hungarian Forint: BNY Sees MNB Easing and Carry Trade Appeal
BNY has released an analysis on the Hungarian forint, highlighting the potential impact of the Magyar Nemzeti Bank’s (MNB) easing cycle on the
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Euro Positioning Supports Gradual Gains Against US Dollar, Says ING
ING analysts noted that current market positioning supports a gradual appreciation of the euro against the US dollar, according to a note released
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Canadian Dollar: GDP Rebound Supports Loonie – TD Securities
TD Securities notes that the Canadian Dollar (Loonie) is finding support from a rebound in GDP data, which signals resilience in the domestic
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Yen’s Rebound Hinges on More Than Intervention, Analysts Say
The Japanese yen’s recent slide to multi-decade lows has prompted warnings from analysts that direct currency intervention alone is unlikely to trigger a
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US Dollar Upside Capped by Debasement Narrative, OCBC Says
The US dollar’s upside potential remains limited by the ongoing debasement narrative, according to strategists at OCBC Bank, as market participants weigh the
Forex News
Gold’s Breakout Gains Traction as Societe Generale Flags Sustained Momentum
Gold’s recent breakout above key resistance levels is sustaining upward momentum, according to a technical analysis note from Societe Generale, signaling continued strength
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Gold Extends Rally as Markets Eye US PCE Data and Warsh’s Jackson Hole Speech
Gold prices extended their upward move on Monday, as investors positioned ahead of the upcoming US Personal Consumption Expenditures (PCE) price index report