Tag: buoyed
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Gold gains as an overall weaker dollar & lower U.S. Treasury yields buoyed demand
[ad_1] Gold rose by 0.08%, closing at 61072, driven by a weakened dollar and lower U.S. Treasury yields, enhancing demand for the precious metal. The U.S. economic landscape played a pivotal role, with a larger-than-expected 5.4% decline in October’s durable goods orders, indicating a substantial economic cooldown post robust third-quarter growth. Concurrently, a higher-than-anticipated drop…
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Gold prices rise as Fed fears ease; Copper buoyed by China optimism
[ad_1] Investing.com– Gold prices rose on Wednesday as softer-than-expected inflation data fueled bets that the Federal Reserve was done hiking interest rates, while copper prices rose on optimism over some economic resilience in China. The yellow metal extended gains after marking its best intraday rise in over three weeks on Tuesday, as the and fell…
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Oil prices buoyed by inflation relief; US inventories awaited
[ad_1] Investing.com– Oil prices rose in Asian trade on Wednesday tracking optimism over cooling U.S. inflation and some positive Chinese data, with focus now turning to signs of a potential build in U.S. crude inventories. was due later on Wednesday, coming after two weeks of delays. Industry data released prior to the reading pointed…
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Australian Dollar Buoyed by Solid Data Locally and in China. Higher AUD/USD?
[ad_1] Australian Dollar, AUD/USD, RBA, China Caixin PMI, Crude Oil, Gold – Talking Points The Australian Dollar failed to capitalise on a lift in market sentiment China – US relations continue to improve while Caixin PMI added to the positivity Equity markets have been invigorated to start the week. Will it elevate AUD/USD? Recommended by…
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Crude oil gains buoyed by a bigger-than-expected fall in U.S. inventories
[ad_1] Crude oil yesterday settled down by -2.09% at 5617 as concerns over possible supply disruptions due to political instability in Russia eased and European Central Bank (ECB) President Christine Lagarde reiterated that the central bank will continue to increase rates in July. The downside was capped by China’s growth optimism and hopes of U.S.…
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Oil prices buoyed by dollar weakness as central banks take focus
[ad_1] By Ambar Warrick Investing.com– Oil prices recovered a measure of recent losses on Thursday as weakness in the dollar benefited commodity buyers, with markets now awaiting more cues from central bank meetings in Europe and the UK. Crude prices plummeted on Wednesday after the Federal Reserve and signaled that it plans to keep raising interest…
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Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?
[ad_1] Australian Dollar, AUD/USD, US Dollar, Iron Ore, China, Japan PPI, USD/JPY – Talking Points The Australian Dollar found support while the US Dollar slid lower The markets are focussed on the China re-opening story but there might be hurdles If commodity prices keep going north, will AUD/USD benefit? Recommended by Daniel McCarthy Get Your…
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Oil buoyed by dollar weakness, but heads for third week of losses
[ad_1] By Ambar Warrick Investing.com– Oil prices rose on Friday, taking support from weakness in the dollar on some less hawkish signals from the Federal Reserve, but were headed for steep weekly losses as the outlook for demand worsened and as concerns over tightening supply eased. Crude markets fell sharply in recent sessions as record-high daily…
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DAX 40 Buoyed by Solid US Earnings Results Despite Pervasive Fed Hawkishness
[ad_1] DAX 40, Natural Gas, EUR/USD, US Dollar, Fed, USD/JPY, Crude Oil – Talking Points Germany’s DAX 40 is at a 1-month high with other equity indices Netflix results have added to the sunny outlook and other techs may follow The Fed reminded markets of their intention and might still spoil the mood Recommended by…
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AUD/USD Buoyed After PBOC Action as Wall Street Stocks Sink
[ad_1] Australian Dollar, AUD/USD, PBOC, Gold, Natural Gas, Technical Outlook – TALKING POINTS Australian Dollar stays afloat despite a deep pullback in sentiment, sinking US stocks Natural gas surged in Europe, gold dropped against a stronger Dollar and Treasuries fell AUD/USD may see further consolidation if prices hold above the August swing low Tuesday’s Asia-Pacific…