US July NFP Expected to Slow
The headline number of job gains so far this year has left policymakers quite happy. But a look under the surface shows some troubling signs. And they are expected to be exacerbated by the data forecast for tomorrow. In the...
India’s currency is under pressure — and analysts say the rupee could test new lows
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds...
Markets Steady Awaiting BoE Rate Hike, Dollar Making Progress
Aussie and Kiwi firm up mildly in Asian session, following the rebound in risk markets. But overall, the currency markets are rather quiet, with major pairs and crosses stuck inside last week’s range. Traders are probably holding their bets for...
Weak Eurozone Demand Could Drag the Euro Down
In contrast to many other countries and regions, the Eurozone recorded a slowdown in output inflation. The year-over-year PPI growth rate declined for the second month, showing a fall in June to 35.8% from 36.2% and 37.3% in the previous...
CADJPY Wave Analysis
CADJPY reversed from support level 102.00 Likely to rise to resistance level 105.00 CADJPY currency pair recently reversed up from the key support level 102.00 (former resistance from April, which stopped the earlier minor correction (a) in June). The support...
EURGBP Maintains Bearish Bias Despite Some Upside Pressures
EURGBP is recovering from three-month lows after yesterday sinking to 0.8339, suggesting that a new support base has been formed around 0.8340. This level is above the 78.6% Fibonacci retracement of the March-June uptrend at 0.8313 so it may provide...
Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in...
Both Dollar and Euro Performed Mixed Against G10 Peers
Markets FOMC member Bullard join the hawkish parade kickstarted by Daly, Mester and Evans yesterday. This morning he reiterated his views of a policy rate at 3.75-4% by the end of the year and said there’s a need to get...
Yen, Swiss Franc and Dollar Turn Softer on Slightly Upbeat Sentiment
Yen, Swiss Franc and Dollar turn softer with other markets trading in slightly upbeat tone. Traders are back to business as usual, after no substantial actions from China during the time US House Speaker Nancy Pelosi visited Taiwan. Australian Dollar...
Dollar’s Momentum Doesn’t Warrant a Reversal Yet
Overall, the development in the financial markets are rather mixed for now, still awaiting further development in Taiwan Strait tensions. Yen’s rally was somewhat choked by the recovery in US benchmark yields overnight. Dollar is attempting a rebound, but momentum...
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