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EUR fades a portion of this week’s gains on sentiment and softer data – Scotiabank

The Euro (EUR) is weak, down 0.6% and fully retracing Thursday’s ECB (and US PPI)-driven rally, fading back to the psychologically important 1.15 level.

Medium-term outlook remains bullish

"The fundamental outlook for EUR remains supportive, given the shift in the outlook for relative central bank policy as the ECB pivots toward a neutral stance while markets price in greater easing from the Fed."

"The release of softer trade and industrial production data have compounded Friday’s sentiment-driven decline, however we remain bullish on the basis of medium-term trends and look to further gains through next week’s FOMC."

Forecast revision also for Silver, Platinum and Palladium – Commerzbank

In addition to Gold, we have also revised upwards our forecasts for Silver, Platinum and Palladium, Commerzbank's commodity analyst Carsten Fritsch notes.
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EU gas storage: half full or half empty? – Commerzbank

The mood on the European gas market remains nervous: the next futures contract for the reference price TTF is now trading 5% higher than Tuesday's low, Commerzbank's commodity analyst Barbara Lambrecht notes.
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