In its monthly report, OPEC has slightly raised its forecast for Oil demand next year, Commerzbank’s…
Category: Forex
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…
GBP/USD climbs as US Dollar weakens on mixed economic data
GBP/USD rises above 1.1350 as the US Dollar weakens after mixed economic data. US Retail Sales…
Flash UoM Consumer Sentiment misses consensus in August
American consumer confidence lost momentum in early August, as households grew more pessimistic about current conditions…
Gold struggles near two-week lows ahead of Trump-Putin summit
Gold is treading water on Friday, supported by a softer US Dollar, but stays near a…