Euro struggles to extend gains as traders reassess Fed and ECB outlook
EUR/USD holds onto modest gains on Friday but struggles to extend its advance as the US Dollar (USD) stabilizes following Thursday’s weaker-than-expected US jobs report. Market activity remains subdued as…
Read More »AUD/JPY Price Forecast: Holds gains near 112.00, but bearish bias persists below key moving averages
The AUD/JPY cross trades in positive territory around 111.75 during the early European trading hours on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) following the Chinese…
Read More »investingLive Asia-Pacific FX news wrap: Asia-Pac equities claw back early losses
UBS sees Fed on hold as Warsh downplays inflation risk despite hike bets China services growth eases slightly as export orders hit 20-month high Japan fin min says ready to…
Read More »Reserve Bank of India is likely to have intervened to sell USD/INR, support rupee
Intervention rumours on this move. This article was written by Eamonn Sheridan at investinglive.com.
Read More »Euro nudges higher above 1.1350 on softer Fed stance, traders await US jobs data
The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar (USD) edges lower against the Euro (EUR) on less hawkish remarks from…
Read More »JPMorgan sees dot-com era warning as AI hardware stocks diverge from spenders
JPMorgan’s flagged divergence puts fresh focus on hyperscaler share price behaviour into the summer, with framing of individual stock charts for Meta, Microsoft, Amazon and Alphabet as the key signal…
Read More »OPEC+ Is likely to raise oil output quotas for August by 188K BPD.
Reuters is reporting that OPEC+ is likely to raise oil output quotas for August by 188K BPD. OPEC+ will meet on Sunday. The increase would continue OPEC+’s gradual monthly unwinding…
Read More »Euro hits one-year low vs. British Pound after Eurozone inflation misses forecasts
The Euro (EUR) falls against the British Pound (GBP) on Wednesday after softer-than-expected Eurozone inflation data reduced expectations for another European Central Bank (ECB) interest rate increase this year.
Read More »Japan June Manufacturing PMI (final) 54.8 (vs. preliminary 54.9, prior 54.5)
A 54.8 print marks a sixth straight month of expansion and the best quarterly run since Q1 2014, a headline strong enough to support yen-positive sentiment on the growth side,…
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