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Soft Commodities
Soybeans Pushing Higher on Wednesday Trade
The bean market is trading with contracts 8 to 9 cents in the green. Soybeans saw higher trade at Tuesday’s…
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Soft Commodities
Cotton Slipping to Lower Levels
Cotton prices are trading with 29 to 40 point losses on Wednesday morning. Futures had some outside market support on…
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Forex
NZD/USD holds above 0.5900 on weaker US Dollar, renewed US-China tensions might cap its upside
NZD/USD drifts higher to around 0.5935 in Wednesday’s early Asian session, adding 0.18% on the day. New Zealand’s Trade Surplus…
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Metals
XAG/USD consolidates around $33.00; seems poised to climb further
Silver struggles to capitalize on the previous day’s strong move up. A breakout through a short-term descending channel favors bulls.…
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Forex
JPY adds to intraday gains amid hawkish BoJ expectations; USD/JPY plummets below 144.00
The Japanese Yen prolongs its uptrend against the USD amid the divergent BoJ-Fed expectations. Hopes for an eventual US-Japan trade…
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Forex
AUD holds gains as USD extends losses on Fed caution
The Australian Dollar strengthens as the US Dollar weakens amid concerns over the economic outlook and declining business sentiment. Federal…
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Forex
USD/INR rises amid ongoing US Dollar demand
Indian Rupee extends the decline in Wednesday’s Asian session. A fall in local equities and ongoing US Dollar demand weigh…
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Forex
EUR/USD Bullish outlook remains in play above 1.1300
EUR/USD attracts some buyers to around 1.1330 in Wednesday’s early European session, up 0.42% on the day. The positive view…
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Economics
UK CPI likely to surge sharply in April, pressuring BoE’s easing plans
The United Kingdom’s Office for National Statistics will publish the April CPI data on Wednesday. Inflation, as measured by the…
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Metals
XAU/USD – Gold price retakes $3,300 amid a broadly weaker USD
Gold price scales higher for the third straight day amid sustained USD selling bias. US fiscal concerns and Fed rate…
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