Euro Steadies Against Canadian Dollar After Strong German Confidence Data
EUR/CAD holds near 1.6170 after Germany's GfK Consumer Confidence beat forecasts. The Canadian Dollar weakens as oil prices decline amid Middle East diplomatic
EUR/CAD holds near 1.6170 after Germany's GfK Consumer Confidence beat forecasts. The Canadian Dollar weakens as oil prices decline amid Middle East diplomatic
Fed Chair Warsh makes his Jackson Hole debut as Nvidia earnings and US PCE inflation data threaten to overshadow any policy signals.
UK July CPI rose to 2.9% y/y, meeting expectations. Deutsche Bank sees further upside ahead, with risks skewed higher for the MPC.
Silver trades near $65 on Friday but lacks follow-through. A weaker USD supports the metal while technicals signal consolidation ahead.
Silver climbed 3.06% on Wednesday to $66.56 per troy ounce. The Gold/Silver ratio fell to 66.32 from 67.64 the previous session.
Analyst forecasts for the upcoming US NFP report show tight clustering around 70K–80K. Earnings data may matter more than headline jobs figures.
Gold finds support from Chinese ETF inflows and Fed uncertainty. Citi expects a return to $4,500 in Q4 after current consolidation.
Gold extends intraday losses near $4,060 as the USD rebounds on persistent Fed rate hike bets and rising geopolitical tensions in the Middle East.
BBH's Elias Haddad sees RBA hike risks alive but warns an extended pause is more likely, posing a headwind for the Australian Dollar.
GBP/USD intraday bias stays neutral. A rally above 1.3557 targets 1.3657, with the broader uptrend pointing toward 1.4248 resistance.
SNB June minutes show rising inflation concerns but no urgency to act. Policy rate stays at 0% as franc appreciation risks remain elevated.