USD/JPY clings to gains near 6-week tops, around 108.00 handle Fading safe-haven demand continues to weigh on the JPY and fuels the positive momentum. The USD remained well supported by surging US bond yields and contributes to the up-move....
Asian stocks, as well as American and European futures, rose after the Trump administration delayed tariff hikes by two weeks in a goodwill gesture to China. In a tweet, the President said that he had agreed to delay tariffs...
EUR/USD ADVANCES TO SESSION TOPS NEAR 1.1050 EUR/USD tests tops near the 10-day SMA close to 1.1050. German Factory Orders slumped 2.7% MoM in July. US ADP report next of relevance in the docket. The recent bout of USD-weakness...
Business activity in Australia construction sector contracts. US Dollar Index posts small daily gains on Wednesday. FOMC members Barkin and Daly will speak later. The AUD/USD pair came under modest selling pressure during the Asian trading hours and dropped...
According to FX Strategists at UOB Group, the Kiwi Dollar is unlikely to test the 0.6300 support in the near term at least. Key Quotes 24-hour view: “While we expected NZD to weaken yesterday, we were of the view...
OPEC’S MARKET SHARE SINKS AMID OUTPUT CUT POLICY – WTI REGAINS $ 56 MARK The latest Organization of the Petroleum Exporting Countries (OPEC) data relevant to the oil markets show that the cartel’s share of the global oil market has...
NZD/USD sticks to RBNZ-led losses, well below mid-0.6700s RBNZ’s plans for unconventional monetary stimulus weighed heavily on the Kiwi. Tempered Fed rate cut bets underpinned the USD and added to the selling bias. The NZD/USD pair now seems to...
EUR/USD technical anlysis: Fiber finds resistance at the 1.1263 level EUR/USD is finding intraday resistance at the 1.1263 level. The level to beat for bears is 1.1245 followed by 1.1220. EUR/USD daily chart EUR/USD is in a bear trend...
Elliot Clarke, senior economist at Westpac, notes that the minutes of the June FOMC meeting and Chair Powell’s Semiannual Monetary Policy Report to Congress provided support for the view that the July meeting will see a federal funds rate...
According to the latest GDPNow report published by the Federal Reserve Bank of Atlanta, following today’s macroeconomic data releases, the real GDP in the U.S. is expected to expand by 1.3% in the second quarter. “After this morning’s international trade release from...
