Citi sees limited upside for USD/JPY, expects rebound before dip
Citi has provided commentary on the USD/JPY currency pair, drawing parallels to historical currency movements and forecasting potential future trends. The financial services company suggested that while the upside for…
Gold down 1% due to stronger dollar, with Nvidia and US data in focus
By Polina Devitt LONDON (Reuters) – Gold prices fell on Wednesday under pressure from a stronger dollar and uncertainty ahead of a key U.S. inflation report that could provide more…
Dollar rebounds, traders seek clarity on US rate path
By Brigid Riley and Sruthi Shankar (Reuters) – The dollar rebounded on Wednesday after a recent run of declines that pushed it to its weakest in more than a year,…
Tight zinc mine supply putting increased pressure on smelters: BofA
Investing.com — The zinc market is currently facing challenges due to a tightening in mine supply, which has placed increased pressure on smelters globally. As per analysts at BofA Securities…
Buy AUD/NZD on ligher positioning, hawkish RBA – BoA
Investing.com – Foreign exchange traders should consider buying the Australian dollar versus the New Zealand dollar, according to Bank of America Securities, citing the differing interest rate expectations. At 07:45…
USDJPY: Longer-term downtrend intact
Investing.com –The USDJPY exchange rate, after a sharp drop from 162 in early July to 141.7 in early August, has recently stabilized within a range of 143.5 to 149.5. In a…
Gold pressured by stronger dollar, with Nvidia and US data in focus
By Polina Devitt LONDON (Reuters) – Gold prices fell on Wednesday under pressure from a stronger dollar and uncertainty ahead of a key U.S. inflation report that could provide more…
US clean energy jobs growth rate double that of overall jobs, report says
By Timothy Gardner WASHINGTON (Reuters) – Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in…
Morning Bid: As Nvidia awaited, Treasuries absorb new deluge
A look at the day ahead in U.S. and global markets from Mike Dolan Nvidia (NASDAQ:NVDA)’s post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern,…
Oil retreats as demand concerns offset Libya supply risks
By Arunima Kumar (Reuters) -Oil prices slipped on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the decline was capped by potential supply…
