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…
Read More »UK inflation the main highlight of the agenda today
Major currencies are looking rather muted and understandably so. Today will be more of a placeholder trading day with it being a US holiday. That makes for kind of a…
Read More »RBA leaves cash rate unchanged at 4.35%, as expected
Prior 4.35% Inflation has fallen substantially since its peak in 2022 Conditions in the labour market eased further over the past month But it is tighter than is consistent with…
Read More »BOJ likely to trim bond buying by ¥2 trillion per month, says former policymaker
BOJ may raise rates to 0.5% by end of next year That is if economy and prices move in line with forecasts BOJ likely to forgo raising rates in July…
Read More »UBS now sees the Fed only cutting interest rates in December
According to UBS: “The data is going to need to change a lot of minds to bring people back to cutting in September, and start doing so in the next…
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