Inflation data supports gains – UOB
UOB Global Economics & Markets Research notes that US PCE inflation for July slightly exceeded expectations, helping US Treasury yields to rise and supporting the US Dollar against most G10 currencies. The DXY index posted its largest daily gain in nearly four weeks and has retraced about half of its prior losses, as markets keep […]
Zhipu AI shares jump after confirming it developed popular AI model Ox Alpha
Zhipu AI shares jump after confirming it developed popular AI model Ox Alpha Source link
Gold Price Forecast: XAU/USD keeps sight of $4,700 ahead of Fed Warsh’s speech – FXStreet
Gold Price Forecast: XAU/USD keeps sight of $4,700 ahead of Fed Warsh’s speech FXStreet Source link
South Korean Won gains on back-to-back BoK interest rate hikes
The South Korean Won (KRW) trades higher against the US Dollar (USD) on Thursday, with USD/KRW falling 0.3% to near 1,380 during the Asian trading session. The pair revisits its 11-month low as back-to-back interest rate hikes by the Bank of Korea (BoK) have strengthened the currency. Earlier in the day, the BoK raised its […]
Canadian Solar explores options for Recurrent Energy unit – Bloomberg
Canadian Solar explores options for Recurrent Energy unit – Bloomberg Source link
Gold Price Today, August 26: XAU/USD Holds Near $4,650 Before US PCE Test – Markets.com
Gold Price Today, August 26: XAU/USD Holds Near $4,650 Before US PCE Test Markets.com Source link
Evening star threatens 216.00 support
The GBP/JPY failed to sustain the 217.00 breakout, reversing to the 216.50 area as traders faded the move, exacerbating the decline to current exchange rates. At the time of writing, the cross-pair exchanges hands with losses of 0.36%. GBP/JPY Price Forecast: Technical Outlook Price action shows GBP/JPY making a U-turn, opening the door to further […]
Marvell earnings preview: what Nvidia’s results mean for MRVL
Marvell earnings preview: what Nvidia’s results mean for MRVL Source link
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Reduce Bets On Dovish Fed – FXEmpire
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Reduce Bets On Dovish Fed FXEmpire Source link
Consolidation range with upside risks against US Dollar – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay highlight that Taiwan’s booming AI-driven exports and strong external surplus create a fundamentally supportive backdrop for the Taiwan Dollar (TWD). Despite robust Gross Domestic Product (GDP) and export growth, the Central Bank of the Republic of China (CBC) is expected to keep rates at 2%, intervening to smooth […]
