The euro (EUR) has risen a modest 0.2% against the US dollar (USD) and is trying to stabilize in the middle/upper part of 1.16, supported by an improvement in the mood of the market in general, they report Shaun Osborne and Eric Theoret, Chief Strategies of FX of Scotiabank. EUR does not show reaction to […]
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I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
Chinese copper imports are decreasing, but they are still high – Commerzbank
The price of copper remained stable at levels greater than $ 9,600 per ton at the beginning of the week. However, the downward pressure remains high, says Thu Lan Nguyen, head of FX research and raw materials of Commerzbank. The signals still point to expansion “On the one hand, the accumulation of inventories in the […]
The CAD is maintained in an adjusted range – Scotiabank
The Canadian dollar (CAD) continues to respect its recent rank parameters, effectively stagnating between 1,3650/1,3750 in a quiet operation in recent days, while the feeling bounces between tariff concerns and domestic data reports. Persistent underlying inflation reinforces the perspective of Boc maintenance “The consensus prognosis for today’s Canadian CPI is an increase of intermennsual 0.1% […]
After platinum, La Plata is now catching up – Commerzbank
The price of silver has risen significantly since Friday, temporarily earning around 5% to more than $ 39 per ounce Troy, says Thu Lan Nguyen, head of FX research and Commerzbank commodities. Additional price increases for precious metals are not justified “This caused the precious metal to exceed its” older brother “El Oro, which only […]
China’s high imports of crude oil are also flowing to storage, according to Commerzbank
China’s crude oil imports were strongly strong in June: according to customs authorities, 49.9 million tons were imported, 7% more than in the previous month, says Commerzbank raw material analyst, Barbara Lambrecht. The increase in stock in China can slow down at any time “This corresponds to daily imports of crude oil of just under […]
US sanctions against Russia postponed for now – Commerzbank
Yesterday, the price of crude oil Brent rose above $ 71 per barrel for the first time from attacks between Israel and Iran, says Commerzbank raw material analyst Barbara Lambrecht. Russian oil exports have already weakened “One reason for this was the strong imports of crude oil from China (see below), the other was the […]
The aie surprises with an oil production of Saudi Arabia significantly higher – Commerzbank
The International Energy Agency has slightly reduced its forecasts for oil demand. Wait for an increase of 700,000 barrels per day for this year and the next. This is the smallest increase since the fall in 2020 during the Coronavirus pandemic. However, the greatest attention focused on the AIE report on an abrupt increase in […]
NZD/USD: A rupture held below 0.5950 is unlikely – UOB Group
The New Zealand dollar (NZD) could try 0.5950 against the US dollar (USD); A sustained rupture below this level is unlikely. In the long term, the price action indicates that a greater weakness of the NZD is likely; The level to be observed is 0.5950, the FX analysts of UOB Group, to be Leang and […]
AUD/USD is under slight downward pressure – UOB Group
The Australian dollar (AUD) is under slight downward pressure against the US dollar (USD); It can go down a little, but it is unlikely to reach 0.6515. In the long term, the Aud will probably continue to negotiate in a range of 0.6515/0.6615, the FX analysts of UOB Group, quek being Leang and Peter Chia. […]
CNY: strengths and weaknesses – Commerzbank
At first glance, Chinese figures once again seem impressive. GDP grew by 5.2% in the second quarter compared to the previous year, and industrial production even increased 6.8% in June, significantly faster than most analysts had expected, says Volkmar Baur, Commerzbank’s currency analyst. The PBOC will not have trouble keeping the USD/CNY stable “However, Chinese […]
