Indian Rupee recovers some lost ground on the softer US Dollar. Indian HSBC Manufacturing PMI improved to 59.2 vs. 56.9 prior; Services PMI eased to 60.3 vs. 60.6 previously. Market players await the Indian HSBC PMI and US S&P Global PMI … [Continue reading]
Breaking: Australia’s Unemployment Rate declines to 3.7% in February vs. 4.0% expected
Australia’s Unemployment Rate dropped to 3.7% in February, compared with the expectations of 4.0% and the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.Furthermore, … [Continue reading]
Australia unemployment rate expected to decline to 4% after January’s rebound
The Australian Unemployment Rate is expected to have eased to 4% in February. Employment Change is foreseen to bounce after January's disappointing 0.5K increase. AUD/USD turned marginally bullish near-term following the Federal Reserve’s … [Continue reading]
Russia Producer Price Index (MoM) climbed from previous -1.4% to 0.9% in February
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]
Pound Sterling weakens on UK’s soft inflation, Fed policy in focus
The Pound Sterling is expected to remain under pressure on lower-than-anticipated UK CPI data for February. Soft UK inflation reinforces market expectations for the BoE to begin reducing interest rates in August. The Fed’s monetary policy meeting … [Continue reading]
United Kingdom PPI Core Output (MoM) n.s.a remains unchanged at 0.2% in February
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]
LUNC price crash could extend 30% amid oncoming hearing between Terraform Labs and the SEC
Terra Luna Classic price has dropped 32% after a rejection from a stiff seller congestion zone. LUNC could extend fall 30% this week amid a bearish market and the ecosystem’s legal tussle. The hearing between Terraform Labs and the SEC will take … [Continue reading]
Gold glides lower as US Dollar flexes muscles, traders await FOMC decision
Gold is subdued amid a robust US Dollar in anticipation of the Fed's monetary policy announcement. Traders are waiting for the Federal Reserve's statement and economic forecasts. Concerns over potential adjustments in the Federal Funds Rate … [Continue reading]
Mexican Peso trims losses against US Dollar after solid US housing data
Mexican Peso weakens in early North American trading as US Dollar gains strength. Mexican data is mixed though the economy finished 2023 on a higher note. Central bank divergence between Fed and Banxico could bolster USD/MXN pair. The Mexican Peso … [Continue reading]
USD/JPY: Yen selling unlikely to persist – MUFG
Economists at MUFG Bank analyze Japanese Yen (JPY) outlook after the Bank of Japan (BoJ) policy announcement. Will Yen selling persist after BoJ policy changes? We see limits to the extent of Yen selling that can take place from here. Of course, … [Continue reading]