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

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Natural gas
Commodities

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

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Commodities

Oil and petroleum prices contract after the news about the recovery of

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Dollar and Swiss franc - USD/CHF

USD/CHF Breaches Channel: Low at 0.8988, High at 0.9117

Quick Look: USD/CHF fell below its ascending channel, raising concerns about the uptrend’s sustainability. The pair dropped to 0.8988 on May 16 but rebounded to 0.9117, reflecting high volatility. A break below 0.8988 could target 0.8878, while recovery above

dollar, usd/cad-american-canadian-dollars

Canadian Dollar Eyes Inflation: 2.7% vs. 2.9% YoY

Quick Look: April’s CPI forecast suggests a 2.7% year-on-year increase, down from March’s 2.9%. Lower CPI might ensure a June rate cut, while higher inflation could delay it to July.  The US dollar weakened due to revised Fed outlooks,

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Rallies to 1.2710 as Investors Eye Key Data

Quick Look: GBP/USD rallied to 1.2710 in the early Asian session, reflecting anticipation rather than economic developments. Modest gains of 0.04%; cleared resistance levels indicate buyer momentum, yet downside risks remain. Resistance at $1.26 and $1.25; analysts see potential

Wibest Broker-Currency Pairs: Yuan banknote on top of Australia map

Currency Pairs: Yuan, Aussie Rise on Trade Hopes

CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a

Dollar Soars, Aussie Slips on Economic Report

Dollar Soars, Aussie Slips on Economic Report

CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous

Wibest Broker-FX Market: close-up shot of dollar bills

FX Market: Dollar Weakens on Soft US Economic Data

FX Market – Lackluster US economic data weakened the US dollar as it strengthened speculations that the Federal Reserve will cut rates in the year. Meanwhile, the British pound stayed near nine-month highs as market participants hope for a

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

Euro (EUR)

EUR/USD Teeters at 1.0820 Amid Strong US Dollar

Quick Look: EUR/USD hovers near 1.0820, driven by stronger US dollars and higher yields. The US Dollar gains from higher yields and a 62% probability of Federal Reserve rate cuts by September. ECB may cut rates by June; President Lagarde is confident in managing inflation despite weak Eurozone fundamentals. The EUR/USD

Dollar and Swiss franc - USD/CHF

USD/CHF Breaches Channel: Low at 0.8988, High at 0.9117

Quick Look: USD/CHF fell below its ascending channel, raising concerns about the uptrend’s sustainability. The pair dropped to 0.8988 on May 16 but rebounded to 0.9117, reflecting high volatility. A break below 0.8988 could target 0.8878, while recovery above the channel suggests a potential for 0.9225. The USD/CHF currency pair has

dollar, usd/cad-american-canadian-dollars

Canadian Dollar Eyes Inflation: 2.7% vs. 2.9% YoY

Quick Look: April’s CPI forecast suggests a 2.7% year-on-year increase, down from March’s 2.9%. Lower CPI might ensure a June rate cut, while higher inflation could delay it to July.  The US dollar weakened due to revised Fed outlooks, with less likelihood of rate cuts in 2024. The US dollar opened

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Rallies to 1.2710 as Investors Eye Key Data

Quick Look: GBP/USD rallied to 1.2710 in the early Asian session, reflecting anticipation rather than economic developments. Modest gains of 0.04%; cleared resistance levels indicate buyer momentum, yet downside risks remain. Resistance at $1.26 and $1.25; analysts see potential short-term rallies but overall downward pressure to $1.20. The GBP/USD pair trades

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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