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Oil Falls as US-Iran Deal Lifts Supply Outlook

• Oil extended its decline as progress toward a US-Iran agreement raised expectations of increased Iranian supply.
• Sentiment was further pressured by a 60-day US waiver allowing limited Iranian crude and fuel sales.

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US-Iran Technical Talks in Burgenstock Had a Breakthrough

US-Iran Technical Talks in Burgenstock Had a Breakthrough.Is this technically bearish for the oil? Let’s see how the markets react.

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Andy Burnham Growth Pledge May Influence Forex Markets

Andy Burnham to pledge for economic growth next week.

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Gold Falls as Fed Outlook Weighs on XAUUSD

• Gold fell as traders focused on sticky inflation and firm US data, with the early optimism from US-Iran peace talks fading quickly.
• Bullion slipped toward USD 4,100/oz as the market reassessed how much support it can expect from the Fed.
• Deutsche Bank cut its gold forecasts by more than 20% and now sees bullion at USD 4,300/oz in Q3 and USD 4,800/oz in Q4, citing Fed repricing and resilient US data. XAUUSD

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December Fed Hike Odds Jump to 89%

Markets have priced in nearly an 89% chance of a Fed hike in December, up from 61% before last week’s FOMC meeting, according to the CME FedWatch tool.