A calmer mood set to greet European traders later today
Major currencies are seeing light changes for the most part, with even USD/JPY keeping under a 100 pips range for once in Asia this week. Overall, the dollar is marginally…
Read More »The storm clouds are starting to brew again
Yesterday, it looked like we were poised for a continuation in the risk recovery. That is until a much poorer 10-year Treasuries auction landed here. Demand was soft and that…
Read More »Nvidia reportedly working on version of new flagship AI chip just for Chinese market
The report cites three sources familiar with the matter. And it pertains to Nvidia’s “Blackwell” chip series, which was unveiled during March. The chip is due to be mass produced…
Read More »UK retail sales the highlight of the agenda in the session ahead
After the drop on Wednesday, the dollar pushed back in trading yesterday as it gained decent ground to be up on the week now. EUR/USD fell back below 1.0900 while…
Read More »Innovation or desperation?
The last 16 hours have been a bit off colour for Japan in their attempts to stem the depreciation in the yen. For one, they reportedly intervened in the market…
Read More »An uneventful calendar day set to greet European traders
That will likely continue to make for rather uninspiring price action among major currencies. The levels we’re seeing so far today are pretty much where we left off in European…
Read More »Upsets still do happen in politics
It was supposed to be Le Pen’s coronation and it ended up being anything but that. Her National Rally (RN) faction was handily defeated over the weekend as the French…
Read More »Dollar mostly lightly changed, awaits US jobs report later
There’s not much in it among major currencies but the dollar is continuing to hold more sluggish on the week. EUR/USD is holding within a 20 pips range today, up…
Read More »Bitcoin tumbles to its lowest since February as downside momentum intensifies
The signs were already building yesterday, with sellers testing the waters below the 200-day moving average (blue line). That is eventually leading to a break of the May low today…
Read More »Is a rate hike back on the menu for the RBA?
Australia weighted CPI YY 4.0% vs 3.8% expected AUDUSD pops higher after hotter than expected CPI data In their latest policy decision here, the RBA continues to put out the…
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