XAU/USD rises 0.17% to $3,340, trapped between $3,330 and $3,350 since late Thursday’s session.US Dollar fails to rally after in-line July Retail Sales and upward June revision; sentiment weakens, inflation expectations rise.US Dollar Index drops … [Continue reading]
GBP/JPY retreats as strong Japan GDP boosts Yen and fuels BoJ tightening bets
GBP/JPY slips toward 199.50 after failing to sustain gains above 200.00, as strong Japan GDP revives Yen demand.Japan’s Q2 GDP and sticky inflation fuel BoJ tightening bets, with markets eyeing a potential October rate hike.Reuters poll expects … [Continue reading]
EUR/USD Forecast: Euro sellers hesitate as focus shifts to US data
EUR/USD trades in positive territory above 1.1650 on Friday.US economic calendar will feature Retail Sales and consumer sentiment data.The technical outlook highlights a neutral stance in the short term.EUR/USD gains traction and rises toward 1.1700 … [Continue reading]
Gold recovers slightly after Thursday’s decline to two-week low; upside seems limited
Gold price edges higher as the strong US PPI-inspired USD rally lacks follow-through buying.Bets for an imminent Fed rate cut in September cap the USD and support the commodity.The upbeat market mood keeps the XAU/USD bulls on the defensive ahead of … [Continue reading]
USD/CAD flat lines above 1.3800 as traders await US Retail Sales release
USD/CAD holds steady around 1.3815 in Friday’s early Asian session.US PPI rose 3.3% YoY in July, hotter than expected. Traders brace for the US Retail Sales data and the upcoming meeting between Trump and Putin later on Friday.The USD/CAD … [Continue reading]
Fed’s Barkin warns that companies are still adapting supply chains for tariffs
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Thursday that despite an overall improvement in business sentiment through the midpoint of the year, many firms are still not ready to resume a strong pace of hiring. A constant … [Continue reading]
Gold retreats as US Dollar rebounds on stronger-than-expected PPI, steady Jobless Claims
Gold edges lower to $3,335 as a stronger US Dollar caps gains.The US-Russia summit in Alaska on Friday keeps sentiment fragile as Donald Trump warns of “very severe” consequences if Russia doesn’t halt the war in Ukraine.US PPI data shows inflation … [Continue reading]
EUR/USD: There is scope for EUR to rise toward 1.1755 – UOB Group
Further Euro (EUR) strength is not ruled out; any advance is unlikely to threaten the resistance at 1.1755. In the longer run, price action suggests there is scope for EUR to rise toward 1.1755, UOB Group's FX analysts Quek Ser Leang and Peter Chia … [Continue reading]
FX option expiries for Aug 14 NY cut
FX option expiries for Aug 14 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1500 5.1b1.1600 1.5b1.1650 1.2b1.1660 1.1b1.1715 1.4b1.1750 1.5b1.1800 1.4b USD/JPY: USD … [Continue reading]
Australia unemployment rate expected to drop in July, hinting at jobs market rebound
The Australian Unemployment Rate is foreseen at 4.2% in July, down from the 4.3% hit in June.Australia is expected to have added 25,000 new positions in the month, after two months of disappointing figures. The Reserve Bank of Australia trimmed the … [Continue reading]