Silver (XAG/USD) pauses a four-day winning streak on Monday as buyers take a breather following last week's 5.55% rally. A firmer US Dollar (USD) is also capping the precious metal's upside At the time of writing, XAG/USD is trading around $61.75, easing from its in
USD/CAD extends its advance for a second consecutive day and trades around 1.4230 at the time of writing on Monday, up 0.20% on the day. Despite higher Oil prices, which would normally support the commodity-linked Canadian Dollar (CAD), the Loonie remains under pressure ag
Euro: Soft tone against US Dollar with stable ECB expectations – Scotiabank Scotiabank strategists Shaun Osborne and Eric Theoret note EUR/USD around 1.1418 trading softer against the US Dollar, though mid-pack within G10. Euro area Producer Price Index (PPI) and retail sa
German manufacturing orders rose 1.9% in May German manufacturing orders increased 1.9% in May, indicating an upward trend. This growth supports a moderate recovery in the German industry. Excluding large orders, the rise was 1.0%, still pointing to a posit
May’s 1.9% increase in German manufacturing orders suggests a gradual industrial rebound after prolonged stagnation and a weak Q2. German manufacturing orders climbed 1.9% in May from April, exceeding economist expectations of just over 1%. Excluding volatile large orders,
Regulator finds the rebranding of 167 Auchan stores under Intermarché or Netto banners poses no competition risks in French retail. France’s competition authority cleared a deal allowing 167 Auchan supermarkets and hypermarkets to rebrand as Intermarché or Netto under a jo
Trade uncertainty from USMCA non-renewal and BoC survey data weigh on the Canadian dollar despite narrower US-Canada yield spreads. The Canadian dollar remains soft against the US dollar, trading around 1.4215 as consolidation continues. Narrower front-end yield spreads be
The British Pound surged to its strongest level against the Japanese Yen since January 2008 amid sustained pressure on the Yen. The GBP/JPY cross climbed to 216.75, a level last seen in January 2008, as the Japanese Yen extended its decline. The pair rose 0.60% on the day,
Australian Dollar: Testing major support with rebound risk against US Dollar – Societe Generale Societe Generale analysts describe AUD/USD extending its pullback after breaking below the May trough around 0.7070 and retesting the 200-DMA near 0.6870/0.6830, aligned with March...<
Recent resilient economic indicators support the Euro’s recovery against the USD after a period of weakness. EUR/USD climbed back above 1.1400, nearing the lower bound of its 1.1400–1.1800 trading range. The pair had faced downward pressure from softer economic data and di
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