The sterling pound (GBP) manages to recover some upward traction on Friday. The US dollar (USD) collapses to minimum daily after the disastrous NFP of July. The US economy added fewer jobs initially in July (73K). The sterling pound earns traction and elevates the GBP/USD again to the positive territory beyond 1,3200 after the abrupt […]
The American copper tariff is limited to semi -bass products – Commerzbank
The long -awaited clarification about copper tariffs in the US has arrived. Once again, it turned out not to be as bad as it was feared, says CommerzBank raw material analyst, Barbara Lambrecht. The price of copper in Comex collapses “Only the import of semi -finished copper products such as pipes, plates and rods will […]
SILVER PRICE ANALYSIS: THE XAG/USD ROME UNDER THE ASPORT OF THE ASCENDENT CHANNEL, FOCUS IN THE NFP
La Plata is quoted around $ 36.50, lowering more than 4.5% this week after reaching a maximum of 14 years of 39.53 $ on July 23. The price has broken below the support of the ascending channel, marking a possible reversal of trend and pointing out a fading of the bullish impulse, and is prepared […]
Gold fights about $ 3,300 while the strong US dollar limits increases, NFP in focus
The gold remains stable about $ 3,300 while the markets remain cautious before the US Non -Agricultural Payroll (NFP) report. The US dollar remains resistant after the fed hard line posture and solid macroeconomic data. The broad rate decree of the US President Donald Trump renews commercial tensions, limiting the fall of gold. Gold (Xau/USD) […]
NZD/USD: The following important support is likely at 0.5845
The New Zealand dollar (NZD) is expected to decline even more to 0.5845, the FX analysts of UOB Group, to be Leang and Peter Chia. The NZD is expected to decline even more 24 -hour vision: “We did not expect the NZD to fall abruptly to a minimum of 0.5889 yesterday, since we expected a […]
Dow Jones futures fall with commercial tariffs deteriorating the feeling and US NFP
Dow Jones futures anticipate a negative opening with the index falling more than 1%. Concerns about tariffs and caution of investors before the July NFP report are weighing on the demand for shares. The renewed fears of commercial tariffs have compensated the enthusiasm for the optimistic profits of technological giants. Dow Jones’ futures point to […]
Indian refineries are under pressure to buy Russian oil – Commerzbank
The president of the United States Trump has threatened India with punitive tariffs of an un specified amount in addition to the 25% general tariff rate for purchases of Russian weapons and Russian energy, says Commerzbank raw material analyst, Barbara Lambrecht. Russia remains the most important oil supplier in India “The pressure already seems to […]
GBP/JPY extends its fall below 198.00 due to risk aversion and the weak data of the United Kingdom
The pound collapses even more after the downward review of the United Kingdom manufacturing activity. An average risk market is supporting Yen while the traders digest a new list of tariffs of US President Trump. Japanese Minister of Finance Kato has expressed concern about the recent weakness of YEN. The pound is suffering losses for […]
Try: Another negative development for the lyre – Commerzbank
The change rate of the Turkish lyre (try) follows a path of constant depreciation, especially in front of the currencies that are not USD. In front of a 50-50 basket (USD and EUR), its depreciation rate is quite rapid –c.43% annualized. Since that wording, the US dollar (USD) has bounced something and this makes the […]
China: soft start of H2 – Standard Chartered
The official manufacturing PMI fell to a minimum of three months of 49.3 in July as the demand weakened. The growth of industrial production (IP) and exports may have been moderated by the impact of tariffs and the decrease in anticipation activity. The growth of investment in fixed assets (FAI) and retail sales was probably […]