Month: October 2022

Gold attracts some intraday selling at higher levels amid a modest USD strength. Aggressive Fed rate hike bets, elevated US bond yields underpin the greenback.  Recession fears, risk-off mood might offer support to the safe-haven XAU/USD. Gold struggles to gain any meaningful traction on Thursday and seesaws between tepid gains/minor losses through the early North
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As usual, when I fill in for Justin on the European Desk, I try and pull in some favours and provide you guys with some premium content, and my friend Andrea Paltry has permitted me to share today’s NatGasWeather.com Daily Report It’s well worth checking out if you have an interest in energy markets Full
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The trade balance released by the Australian Bureau of Statistics came out missing expectations: Australia’s August exports +3% Mom vs. the prior -9.9% & imports +4% vs. the prior +5.2%. AUD/USD is testing into the 0.6520s on US dollar weakness in Asia but finding resistance there: However, the head and shoulders is a bullish prospect. About the Trade Balance
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively as OPEC+,  has agreed to lower oil output by 2 million barrels per day, Reuters reports, citing sources. No additional details on the group’s output strategy has been shared yet.  Market reaction Crude oil prices edged higher
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