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]
New Zealand Business NZ PMI fell from previous 47.2 to 41.1 in June
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]
United States Monthly Budget Statement registered at $-66B above expectations ($-83B) in June
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]
US Dollar nosedives with CPI speeding up its disinflationary pathway
The US Dollar retreats firmly after soft CPI release. The Fed should no longer be concerned on the disinflationary trajectory. The US Dollar index falls further and heads to 104.00. The US Dollar (USD) is easing firmly on Thursday after … [Continue reading]
Gold rises as Powell steers middle-way while market still price in rate cuts
Gold rises as Powell sets a cautiously optimistic tone on his second day of testimony to lawmakers in Washington. Although he did not state when the Fed would propose to cut interest rates, he indicated it might be soon. Market-based … [Continue reading]
US Dollar Index holds below 105.00 as traders await US CPI inflation data
The US Dollar Index (DXY) loses ground near 104.95 Fed rate cut bets continue to undermine the DXY. The cautious mood and safe-haven flows might cap the USD Index’s downside. The US Dollar Index (DXY) trades in … [Continue reading]
EUR/USD gains ground as market sentiment leans back into rate cut expectations
EUR/USD extended a recovery from the early week’s slump toward 1.0800. Rate cut expectations continue to drive broader market flows. EU data remains thin, US inflation figures to be key print for the week. EUR/USD found some room on the high side on … [Continue reading]
Australian Dollar mildly up on quiet Wednesday, markets gear up for US CPI
AUD made mild gains on Wednesday against the USD. Markets are still deciphering Jerome Powell's cautious stance, which limits traction for USD. RBA's hawkish stance provides stable support for Aussie. The Australian Dollar (AUD) continued its … [Continue reading]
AUD/USD: Rally can extend this summer – ING
Higher chances of Trump winning in November means trouble for the China-sensitive Australian Dollar (AUD) in the longer run. The Reserve Bank of Australia (RBA) is perhaps facing the worst inflation issue in G10, ING’s FX strategist Francesco Pesole … [Continue reading]
Bitcoin price poised for a rally as momentum indicators show bullish divergence
Bitcoin spot ETFs received the second consecutive day of inflows this week on Tuesday. On June 5 and 6, 35,486 BTC outflowed from BitMEX, marking the second-largest BTC outflow in the exchange. Despite FUD from Mt. Gox and the German government, … [Continue reading]