Euro Vulnerable Against a Runaway US Dollar with Treasury Yields Jumping
The Euro succumbed to US Dollar ascendency along with many other currency pairs and the dynamics coming out of China might have more legs yet. Will EUR/USD continue lower?
Read More »The aussie decline looks set to continue
The selling today is in part to do with the poor Australian jobs report earlier here. But it also comes against the backdrop of a firmer dollar from yesterday and…
Read More »GBP/USD remains depressed amid bullish USD, hawkish BoE expectations help limit losses
The GBP/USD pair edges lower during the Asian session on Thursday and extends the overnight pullback from the 1.2765 area, or a multi-day peak. The do
Read More »GBP/USD Rises, Sticky UK Inflation Says BoE Has More To Do
The latest UK inflation figures may have printed a seventeen-month low, but prices aren’t coming down as fast as in other, comparable economies
Read More »Euro Ahead of Euro Area GDP, FOMC Minutes: EUR/USD, EUR/AUD, EUR/GBP Price Setups
EUR is testing key levels against some of its peers ahead of the release of Euro area GDP data (due later today) and the FOMC minutes (due Thursday). What is…
Read More »USD/CAD extends its upside below the 1.3500 barrier, all eyes are on FOMC Minutes
The USD/CAD pair extends its upside just below the 1.3500 barrier during the early Asian session on Wednesday. The upbeat July US Retail Sales caused
Read More »PBOC is expected to set the USD/CNY reference rate at 7.2878 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Market relief in Wall Street amid China’s jitters: Russell 2000, Straits Times Index, AUD/USD
Wall Street managed to start the week higher, tapping on some recovery in big tech and semiconductors to override earlier jitters around China’s property and financial sector risks.
Read More »USD/CAD Price Analysis: Slides below mid-1.3400s, Canadian CPI/US Retail Sales in foucs
The USD/CAD pair meets with some supply during the Asian session on Tuesday and erodes a major part of the overnight gains to a multi-day peak. Spot p
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