Share: The US Bureau of Labor Statistics (BLS) will release the May jobs report on Friday, June 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the … [Continue reading]
USD/CNH: FX “smoothening” to continue near key levels of 7.15, 7.20, and 7.25 – Credit Suisse
Share: Economists at Credit Suisse revise their USD/CNH forecast range to 6.90-7.30 and expect FX “smoothening” to continue near key levels of 7.15, 7.20, and 7.25. Yuan has further room to fall Surprises in US data and the re-pricing of June / … [Continue reading]
German Retail Sales fall 4.3% YoY in April vs. -5.0% expected
Share: German Retail Sales declined 4.3% YoY in April vs. -5.0% expected. Retail Sales in Germany came in at 0.8% MoM in April vs. 1.0% expected. The latest official figures released by Destatis showed on Friday, Germany's Retail … [Continue reading]
USD/CNY fix: 7.0965 vs. the prev fix of 7.0821
Share: In recent trade today, the People’s Bank of China (PBOC) set the yuan at 7.0965 vs. the prev fix of 7.0821 prev close and prior 7.1090. About the fix China maintains strict control of the yuan’s rate on the mainland. … [Continue reading]
United States API Weekly Crude Oil Stock increased to 5.202M in May 26 from previous -6.79M
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]
Chainlink price rallying by 6% might act as relief for the 78% of LINK holders facing losses
Share: Chainlink price has been stuck under the $7 mark for more than three weeks now. LINK holders are some of the biggest losers in the market, with nearly 500K addresses currently underwater. A demand wall at $6.85 worth over $2.3 billion … [Continue reading]
India M3 Money Supply registered at 10.1% above expectations (9.6%) in May 19
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: Inflation surprise could not support the Aussie – Commerzbank
Share: Economists at Commerzbank discuss Aussie’s outlook after Australian inflation surprised to the upside. Inflation surprise in Australia “Inflation data for April surprised to the upside at 6.8% (Bloomberg expectations: 6.4%). The price index … [Continue reading]
USD/MXN Price Analysis: Mexican Peso bears attack 17.69 confluence level
Share: USD/MXN picks up bids to extend previous recovery from fortnight low. Convergence of 100-HMA, one-week-old descending trend line prod pair buyers. 200-HMA acts as additional hurdle for Mexican Peso sellers. Two-week-old horizontal support is … [Continue reading]
EUR/USD rebound pauses around 1.0750, German inflation, US employment clues eyed
Share: EUR/USD grinds higher after bouncing off 10-week low. US Dollar traces yields to retreat from multi-day peak amid uncertainty for US debt ceiling deal in Congress. US data came in mixed, month-end positioning join anxiety ahead of key events … [Continue reading]