Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
AUD/USD flirts with multi-day peak, around mid-0.6400s amid modest USD downtick
Share: AUD/USD gains some follow-through positive traction and draws support from a softer USD. The intraday uptick seems rather unaffected by rather unimpressive Australian PMIs for August. China's economic woes and hawkish Fed expectations might … [Continue reading]
Gold Price Forecast: XAU/USD rebound appears frail below $1,910, PMI in focus
Share: Gold Price edges higher towards short-term key resistance confluence despite firmer US Dollar. Strong US Treasury bond yields, less acceptance for dedollarization at BRICS underpin Greenback’s run-up, challenging XAU/USD price. Mixed … [Continue reading]
USD/CHF advances as markets await a fresh catalyst
Share: USD/CHF shows mild gains near the 0.8800 area. The pair continues to trade sideways since early August. Hawkish comments from Fed’s Thomas Barking gave the USD a boost. Investors await Powell’s speech on Friday and Wednesday’s US August … [Continue reading]
Malaysia: Exports slumped in June – UOB
Share: Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group assess the larger-than-expected drop in Malaysian exports in July. Key Takeaways Gross exports maintained a double-digit contraction of 13.1% y/y in Jul (Jun: 14.1%), … [Continue reading]
GBP/JPY retreats further from multi-year peak, slides back closer to 186.00 mark
Share: GBP/JPY corrects from a fresh multi-year peak and is pressured by reviving demand for the JPY. The yield on the benchmark 10-year JGB climbs to a nine-year high and lends support to the JPY. The divergent BoJ-BoE monetary policy stance … [Continue reading]
AUD/USD holds above the 0.6420 mark, investors await Australian, US PMI data
Share: AUD/USD holds positive ground around 0.6420 amid the weakening US Dollar. Market players are increasing their bets on additional rate rises by Federal Reserve (Fed). The People’s Bank of China (PBoC) slashed its Loan Prime Rate (LPR) for one … [Continue reading]
US Dollar Index: DXY retreats towards 103.00 despite strong yields, focus on mid-tier US data, central bankers
Share: US Dollar Index stays pressured for the second consecutive day after reversing from 10-week high on Friday. US Treasury bond yields jump to late 2007 high as market players sell government securities amid mixed mood. Market’s consolidation … [Continue reading]
GBP/USD rebounds on risk appetite improvement, BoE’s rate hike expectations
Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. … [Continue reading]
Some reduction in USD exposure ahead of Jackson Hole – Scotiabank
Share: The USD is slightly softer overall to start the week off. Economists at Scotiabank analyze Greenback’s outlook. Markets look to Jackson Hole It’s a very light week for data which may mean that markets will consolidate somewhat ahead of … [Continue reading]