The EUR/USD pair is posting minor gains on Wednesday, correcting higher after losing more than 0.5% on Tuesday. US Consumer Prices Index (CPI) figures confirmed the inflationary trend foreseen by the Federal Reserve (Fed), curbing hopes of rate cuts in the coming months...
Posts published in “Asides”
After gaining steadily since the start of the month, the USD’s rebound may be showing clearer signs of at least stalling this morning...
South Africa Retail Sales (YoY) came in at 4.2%, below expectations (4.4%) in May...
United States MBA Mortgage Applications declined to -10% in July 11 from previous 9.4%...
Yesterday, the price of Brent crude oil climbed above $71 per barrel for the first time since the attacks between Israel and Iran, Commerzbank's commodity analyst Barbara Lambrecht notes...
Gold (XAU/USD) correction has been limited at $3,340, and the precious metal is retracing previous losses on Tuesday, approaching three-week highs at $3,380 as US Treasury yields and the US Dollar pull back from recent highs ahead of the US CPI release.The US Dollar Index, which measures the value o...
Dow Jones futures trade quietly during the European trading session on Tuesday as investors await quarterly results from a number of United States (US) commercial banks and the Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT...
Further US Dollar (USD) strength is not ruled out against Japanese Yen (JPY); negative divergence suggests any advance is unlikely to break above 148.05...
The International Energy Agency has slightly lowered its forecasts for oil demand. It expects an increase of 700,000 barrels per day for this year and next. This is the smallest increase since the slump in 2020 during the coronavirus pandemic...
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