Share: Oil consolidates as the upside is restricted due to weak global demand while the downside is being supported by OPEC’s production cuts. The black gold witnessed a nosedive move after a false and misleading report stating that US-Iran nuclear … [Continue reading]
NZD/USD remains below 0.6100 as weak Chinese inflation data dent sentiment
Share: NZD/USD ticks lower on the last day of the week and is pressured by a modest USD strength. Weaker Chinese inflation figures add to economic woes and benefit the safe-haven Greenback. The uncertainty over the Fed’s rate-hike path should cap … [Continue reading]
South Korea Current Account Balance came in at -0.79B, above expectations (-1.38B) in April
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]
GBP/USD surges amidst US labor market data, BoE rate hike bets
Share: GBP/USD skyrockets as US Jobless Claims soar; investors expect Fed pause. US Treasury bond yields pressured, USD Index collapsed by 0.73%. BoE anticipated rate hike cushions GBP amid sparse economic data. GBP/USD rallies above 1.2500 as … [Continue reading]
USD/CAD: Break below 1.33 to set up a test of the 2023 lows around 1.3260 – TDS
Share: The BoC resumed tightening with another 25 bps rate hike in June. Economists at TD Securities analyze USD/CAD outlook after the surprising decision. USD/CAD needs to move lower to reprice the hike The Bank of Canada surprised markets with a … [Continue reading]
Philippines: Inflation deflates further in May – UOB
Share: Senior Economist at UOB Group Julia Goh and Economist Loke Siew Ting comments on the latest release of inflation figures in the Philippines. Key Takeaways The Philippines’ headline inflation eased for a fourth straight month to 6.1% y/y in … [Continue reading]
Asian Stock Market: S&P500 Futures, yields join central bank, growth chatters to tease bears
Share: Asia-Pacific equities grind lower amid fears of higher rates, slower economic recovery. RBI keeps rates unchanged but multiple China state banks cut rates. Aussie trade surplus narrows while Japan’s Annualized GDP growth improves. Mixed mood … [Continue reading]
USD/JPY snaps two-day winning streak near 140.00 on mixed Japan data, upbeat yields
Share: USD/JPY pares intraday losses, the first in three, amid mixed catalysts. Japan’s Annualized GDP revised higher for Q1 but other growth signals remain sluggish. Yields grind higher amid concerns about economic slowdown, higher rates from key … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Wait-and-see approach seems prudent
Share: Bitcoin price has yet to prove its ability to gain further strength after finding support on dips below $26,200. Ethereum price has exhausted the symmetrical triangle without a directional bias, but the odds favor the downside. Ripple price … [Continue reading]
EUR/USD leaps over 1.07 on hawkish ECB remarks, US trade deficit expands
Share: EUR/USD buoyed by hawkish ECB commentary bounces off 200-day EMA as Fed June rate hike expectations fade. The US trade deficit widens significantly to $-74.6B, driven by a decline in exports and a rise in imports. Rate hikes by BoC and RBA … [Continue reading]