Markets
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US Dollar Index (DXY) flat lines below mid-98.00s as traders await US inflation data
USD struggles to attract any follow-through buying amid dovish Fed expectations. Traders also seem reluctant to place aggressive bets ahead…
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US CPI data set to show inflation remained well above Fed target in November
The US Consumer Price Index is forecast to rise 3.1% YoY in November, slightly higher compared with September. The inflation…
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Gold loses momentum as traders book profits, US CPI data in focus
Gold price loses ground in Thursday’s early European session, pressured by profit-taking and a stronger US Dollar. Fed rate cut…
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Nat-Gas Prices Rebound as US Weather Forecasts Cool
January Nymex natural gas (NGF26) on Wednesday closed up by +0.138 (+3.55%). Jan nat-gas prices rallied sharply on Wednesday after…
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Crude Prices Rise as Global Geopolitical Risks Escalate
January WTI crude oil (CLF26) on Wednesday closed up +0.67 (+1.21%), and January RBOB gasoline (RBF26) closed up +0.0134 (+0.80%).…
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Oil Spike Boosts The FTSE While CPI Cements Rate Cut Expectations For BOE
The big story this morning is not only the moderation in UK inflation, but also the oil price. After dipping…
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Chart of The Day – GBP/USD
The British pound is today the weakest G10 currency, after a significantly weaker-than-expected inflation report opened the door wide for…
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Oil Rallies 2% on Supply Uncertainty
Trump’s Venezuela blockade and Russian sanction threats jolt markets The Venezuelan gambit: Naval blockade or political posturing? Oil prices found…
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Copper Stabilizes on Robust Demand
Copper futures steadied around $5.35 per pound, remaining near multi-month highs as strong demand from China and the US, the…
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Dollar on Defensive After Mixed Jobs Report
The dollar index steadied above 98 on Wednesday, but stayed close to its lowest levels in more than two months,…
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