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 »Explosion reported in Tel Aviv – cause is unclear – looks to be near US consulate
The US dollar has popped. But gold has dropped. Correlation is not necessarily causation. There is no other fresh news about. The reports are not on mainstream media, only social…
Read More »Former Pres. Trump rushed off stage after apparent shots fired
Former President Donald Trump was escorted off stage by Secret Service agents at a rally in Butler, PA, after a series of loud noises, possibly gunshots, were heard. Trump was…
Read More »Japan’s core machinery orders missed estimates for a rise m/m in May – recap
Japan’s core machinery orders missed estimates for a rise m/m in May, falling instead. Japan Core Machinery Orders (May 2024) -3.2% m/m (vs. expected +0.8%) this is a volatile indicator…
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 »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 »Canada May advance wholesale trade -0.9%
Prior was +2.4% The decline reflects lower sales in the motor vehicle and motor vehicle parts and accessories subsector, according to Statistics Canada. It’s a big drop but comes after…
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…
Read More »A light one on the data docket to start the new week
Things are moving slower to start the new week, with major currencies keeping in tight ranges. But if anything else, do keep an eye out for USD/JPY as it continues…
Read More »US equities finish the week on a soft note
It was quad witching in the equity market and that played a big role in today’s trading. S&P 500 down 0.2% Nasdaq Comp down 0.2% Russell 2000 up 0.2% DJIA…
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