US Dollar (USD) could rebound further; overbought conditions suggest any advance may be limited to a…
Category: Forex
Gold price falls after unexpectedly strong US producer price data – Commerzbank
The Gold price came under pressure yesterday following the publication of US producer prices. These rose…
USD/CNH is expected to trade in a sideways range of 7.1750/7.1880 – UOB Group
Momentum indicators are turning flat; US Dollar (USD) is expected to trade in a sideways range…
OPEC predicts tight Oil market – Commerzbank
In its monthly report, OPEC has slightly raised its forecast for Oil demand next year, Commerzbank’s…
US EIA expects an oversupply, lower oil prices, and falling US oil production – Commerzbank
The US Energy Information Administration (EIA), in contrast, has significantly revised its estimate of the supply…
The IEA forecasts suggest a massive oversupply next year – Commerzbank
The International Energy Agency has left its forecast for Oil demand virtually unchanged and continues to…
Chile revises Copper production forecast downward – Commerzbank
Chile’s state-owned Copper producer estimates production losses at its El Teniente mine due to the tunnel…
Will US Retail Sales data for July move bets of Fed rate cuts?
The United States Census Bureau will release Retail Sales data on Friday. US Retail Sales are…
New Zealand Dollar weakens to near 0.5900 after soft Chinese data
NZD/USD softens to around 0.5915 in Friday’s Asian session. China’s Retail Sales rose 3.7% YoY in July,…
GBP/JPY retreats to 199.50 as strong Japan GDP boosts Yen demand
GBP/JPY slips toward 199.50 after failing to sustain gains above 200.00, as strong Japan GDP revives…