The EURUSD currency pair is holding onto Wednesday’s recovery slightly below the round-level resistance of 1.1100 in Thursday’s European session....
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Maroc - FINANCIALMIRROR.COM - A La Une - 05/Sep 11:20
Silver rises amid rising bets of Fed rate cuts
The price of silver (XAGUSD) continues to gain ground for the second successive session, trading around $28.40 per troy ounce in Thursday’s European markets. The non-yielding assets like silver could advance further as weak US manufacturing and labour market data spurred bets that the Federal Reserve will cut interest rates more aggressively to avert an economic downturn. July’s US JOLTS Job Openings came in below expectations, signaling a further slowdown in the labour market. Additionally, the ISM Manufacturing PMI showed that factory activity contracted for the fifth straight month. According to the CME FedWatch Tool, markets are fully anticipating at
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