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Forex Today: Oil extends collapse on Hormuz reopening reports, Silver surges
Oil prices extended their slide on Tuesday after reports that an announcement on the reopening of th...
What is the PCE and why is it the Fed's favorite inflation gauge?
When we talk about inflation, we usually focus on the Consumer Price Index (CPI). However, the Feder...
Mexican Peso rallies to a one-month high on Hormuz deal speculation
The Mexican Peso surges to a one-month high on Tuesday as talks between the US and Iran could reopen...
China M2 Money Supply (YoY) registered at 8%, below expectations (8.5%) in June
China M2 Money Supply (YoY) registered at 8%, below expectations (8.5%) in June
Australian Dollar strengthens to near 0.7000 as soft US CPI tempers Fed tightening bets
The AUD/USD pair gathers strength to around 0.6990 during the early European trading hours on Wednesday. The US Dollar (USD) softens against the Australian Dollar (AUD) as markets reduced their bets o ...
Spain Harmonized Index of Consumer Prices (YoY) in line with forecasts (3.6%) in June
Spain Harmonized Index of Consumer Prices (YoY) in line with forecasts (3.6%) in June
Spain Consumer Price Index (YoY) meets expectations (3.2%) in June
Spain Consumer Price Index (YoY) meets expectations (3.2%) in June
Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June
Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June
Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June
Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June
Euro snaps three-day losing streak against Canadian Dollar, BoC policy eyed
The Euro (EUR) bounces back against the Canadian Dollar (CAD) after a three-day losing streak, trading 0.13% higher to near 1.6078 during the European trading session on Wednesday.
British Pound: Advance stalled with neutral range view against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that GBP/USD’s late-month advance has stalled, with the pair rebounding to 1.3442 before closing at 1.3387. Intraday, the British Pound ...
Wells Fargo intends to hike Q3 common stock dividend by 11% to $0.50
US Dollar: Long positioning faces reality check – DBS
DBS Group Research economist Philip Wee warns that speculative long positions in the US Dollar (USD) look vulnerable after June US CPI surprised on the downside.
China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s refi ...
OpenAI researcher Miles Wang departs to launch $2B AI drug discovery startup