Tue, June 18, 2024
Natural gas
Commodities

Quick Look: Natural Gas Futures Outlook: Closed the week with a bearish

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Quick Look: Andrew Tate’s DADDY token launched on June 9, 2024, with

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Natural gas
Commodities

Quick Look: Natural Gas Futures Outlook: Closed the week with a bearish

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Commodities

WTI crude prices dropped amid the uncertainty over phase one trade deal

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Chinese Yuan and dollar

Yuan Strengthens: Onshore and Offshore Rates Up

Quick Look: Onshore Dollar to Yuan closed at 7.2537, up 4 basis points; offshore USD/CNH at 7.2684, up 20 basis points. USD/CNY closed at 7.2545 previously, showing minor market volatility and cautious optimism. PBOC injected 2 billion yuan through

dollar, usd/cad-american-canadian-dollars

USD/CAD Retreats from 1.3790 Peak

Quick Look: The pair trades mid-1.3700s, slightly down from recent highs, influenced by rising crude oil prices boosting CAD. The upcoming US CPI report and FOMC decision will significantly impact market direction and sentiment. The USD/CAD currency pair is

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

AUD/USD Testing Key Support Levels Amid Economic Concerns

Quick Look: Renewed downside for AUD/USD due to the strong USD outlook and key economic events. Immediate support at 0.6574, 0.6557; resistance at 0.6615, 0.6698, 0.6709; pivotal 0.6600 level tested. Bearish short-term for AUD/USD; possible decline towards 200-day SMA

Dollar bills and coins close up shot

Dollar Slumps after Fed Dovish Remarks

The dollar suffered from prolonged overnight losses on Thursday after the Federal Reserve Chairman Jerome Powell said that the US interest rates were just below neutral. Read more!

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Dollar Weakens as Risk-On Sentiment Prevails

The dollar broadly slumped on Monday as investor demand for riskier assets increased after China and the United States agreed to a ceasefire in their trade war. Read more here!

BROKER NEWS

Broker News

Zenfinex Reports Revenue Surge but Faces Operating Losses

London-based broker Zenfinex, now operating as Taurex, has exposed its fiscal year 2023 financial results, which paint a complex picture of its economic situation. Zenfinex’s Fiscal Overview Zenfinex Limited’s revenue hit £848,306, a significant rise from the previous year. However, direct costs reached £196,627, hinting at potential issues. The

Wibest – Pound Sterling: Pound sterling coins. gbp

GBP/USD Faces Uncertainty Ahead of US CPI & FOMC

Quick Look: UK’s GDP showed no growth in April 2024, with declines in manufacturing, industrial production, and construction sectors. PM Rishi Sunak’s Conservative Party faces pressure ahead of the July 2024 elections amid economic and cost of living issues. The GBP/USD pair found support at 1.2736. Upside targets at 1.2800 and

Chinese Yuan and dollar

Yuan Strengthens: Onshore and Offshore Rates Up

Quick Look: Onshore Dollar to Yuan closed at 7.2537, up 4 basis points; offshore USD/CNH at 7.2684, up 20 basis points. USD/CNY closed at 7.2545 previously, showing minor market volatility and cautious optimism. PBOC injected 2 billion yuan through seven-day reverse repos, maintaining a 1.8% interest rate. Mixed economic indicators with

dollar, usd/cad-american-canadian-dollars

USD/CAD Retreats from 1.3790 Peak

Quick Look: The pair trades mid-1.3700s, slightly down from recent highs, influenced by rising crude oil prices boosting CAD. The upcoming US CPI report and FOMC decision will significantly impact market direction and sentiment. The USD/CAD currency pair is trading in the mid-1.3700s, experiencing a slight retreat from a recent one-month

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

AUD/USD Testing Key Support Levels Amid Economic Concerns

Quick Look: Renewed downside for AUD/USD due to the strong USD outlook and key economic events. Immediate support at 0.6574, 0.6557; resistance at 0.6615, 0.6698, 0.6709; pivotal 0.6600 level tested. Bearish short-term for AUD/USD; possible decline towards 200-day SMA of 0.6539. RSI around 40 on the 4-hour chart indicates further downside

Dukascopy’s Trading Revenue Takes an 80% Hit in H1

The Swiss-based Dukascopy today made its interim consolidated income statement public. The report showed a sharp 80% plunge in profits, dropping to CHF 889,000 in H1 of this year from CHF 3.9 million during

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