The University of Michigan (UoM) will release the preliminary estimate of August’s Consumer Sentiment Index on Friday. The UoM report, which analyses US consumers’ feelings about their personal finances, business conditions, and purchasing plans, is … [Continue reading]
Japanese Yen recovers from two-week low on fast BoJ rate hike bets, softer USD
The USD/JPY pair sticks to modest intraday losses through the first half of the European session on Friday, though it manages to hold above the 159.00 mark and remains close to a two-week top set the previous day. Nevertheless, spot prices remain on … [Continue reading]
Silver Price Forecast: XAG/USD extends correction as energy supply concerns remain intact
Silver price (XAG/USD) is down 1% to near $63.80 during the Asian trading session on Friday. The white metal faces selling pressure as financial markets remain worried about the global energy supply disruption due to the blockade on the Strait of … [Continue reading]
Australian Dollar holds near 0.7060 as eyes shift to RBA’s Bullock
The Aussie Dollar holds steady at around 0.7061 after US inflation data weighed on the Greenback, which recovered some ground to finish Thursday’s session almost flat. The AUD/USD registers modest losses of 0.01%AUD/USD steadies as softer US data … [Continue reading]
Japanese Yen little changed amid cooling US inflation
USD/JPY is trading sideways on Thursday, hovering in the mid-159.00s and holding within its recent range. It is more of the same for the pair, which continues to move in consolidation as opposing forces cancel each other out.On the US side, … [Continue reading]
Food inflation jumped to 5.52% and the Reserve Bank of India held at 5.25%: Why rate hikes are still on the table
India’s Consumer Price Index (CPI) inflation accelerated slightly to 4.45% year-on-year in July from 4.38% in June, primarily propelled by rising food costs. Although this marks the second consecutive month that headline inflation has printed above … [Continue reading]
Euro: Range tests with upside bias against US Dollar – ING
ING’s Francesco Pesole keeps a constructive stance on EUR/USD after recent US data, based on a view that the Federal Reserve is unlikely to deliver further tightening. He targets 1.160 in coming weeks, 1.17 in autumn and 1.18 by year‑end, while … [Continue reading]
UK GDP expected to post subdued growth in Q2
The United Kingdom’s (UK) Office for National Statistics will release the preliminary estimate of the second-quarter Gross Domestic Product (GDP) on Thursday. Market analysts anticipate a 0.4% growth in the three months to June, after a modest 0.6% … [Continue reading]
Iran says no progress on interim peace deal with US — Reuters
The United States (US) and Iran remain at loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday. A senior Iranian source said that there had been no progress in talks to revive the interim … [Continue reading]
USD/CHF Price Forecast: Bearish flag forms as bulls eye 0.8200
The USD/CHF edges higher by some 0.30% on Wednesday, refreshing ten-day highs of 0.8138, as the uptrend is poised to extend if it clears key resistance levels.USD/CHF Price Forecast: Technical outlookThe market structure of successive higher highs … [Continue reading]