investingLive Americas FX news wrap 10 Jul
Canada June employment report shows +18.2K jobs vs +10K expected Baker Hughes total rig count +1 at 580 Fed report to Congress sees ‘stepped up’ inflation in the spring Canada…
Read More »Japan’s Kiuchi says FX driven by rate gaps and inflation, not government view
Kiuchi’s comments keep Tokyo’s official line intact, that Tokyo will not pre-signal a preference on the timing or direction of BOJ policy, which leaves the yen’s near-term path hinged on…
Read More »Japanese Yen bulls seem hesitant as US-Japan rate gap counters intervention risks
The USD/JPY pair edges lower during the Asian session on Thursday and, for now, seems to have snapped a four-day winning streak, though it lacks bearish conviction. Spot prices currently…
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 »Gold Breaks Below $4,000, Is $3,600 The Next Major Level?
I joined Jeremy Szafron on Kitco News to walk through the current setup in gold, silver, the U.S. dollar, the yen, and the broader stock market. Gold has broken below…
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,…
Read More »Japan PMI hits three-month high but input costs surge to near four-year peak
Japanese S&P Global PMI Flash (June) Manufacturing PMI 54.9 expected 54.5, prior 54.5 Services 51.8 prior 50.0 Composite 52.50 prior 51.1 The input cost reading is the most market-sensitive element…
Read More »investingLive Asia-Pacific FX news wrap: US-Iran memorandum of understanding signed
Warsh leaves markets guessing as Fed framework overhaul raises more questions than answers China rolls out third trade-in fund tranche as weak retail data keeps stimulus pressure on Japan’s Kihara…
Read More »JGBs steady, Nikkei eases from record high as BOJ rate decision looms
The relative calm in JGBs ahead of the decision reflects a market that has already done its pricing work. A hike to 1% is not the story; Deputy Governor Uchida’s…
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