Share: Gold Price edges higher towards short-term key resistance confluence despite firmer US Dollar. Strong US Treasury bond yields, less acceptance for dedollarization at BRICS underpin Greenback’s run-up, challenging XAU/USD price. Mixed … [Continue reading]
USD/CHF advances as markets await a fresh catalyst
Share: USD/CHF shows mild gains near the 0.8800 area. The pair continues to trade sideways since early August. Hawkish comments from Fed’s Thomas Barking gave the USD a boost. Investors await Powell’s speech on Friday and Wednesday’s US August … [Continue reading]
Malaysia: Exports slumped in June – UOB
Share: Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group assess the larger-than-expected drop in Malaysian exports in July. Key Takeaways Gross exports maintained a double-digit contraction of 13.1% y/y in Jul (Jun: 14.1%), … [Continue reading]
GBP/JPY retreats further from multi-year peak, slides back closer to 186.00 mark
Share: GBP/JPY corrects from a fresh multi-year peak and is pressured by reviving demand for the JPY. The yield on the benchmark 10-year JGB climbs to a nine-year high and lends support to the JPY. The divergent BoJ-BoE monetary policy stance … [Continue reading]
AUD/USD holds above the 0.6420 mark, investors await Australian, US PMI data
Share: AUD/USD holds positive ground around 0.6420 amid the weakening US Dollar. Market players are increasing their bets on additional rate rises by Federal Reserve (Fed). The People’s Bank of China (PBoC) slashed its Loan Prime Rate (LPR) for one … [Continue reading]
US Dollar Index: DXY retreats towards 103.00 despite strong yields, focus on mid-tier US data, central bankers
Share: US Dollar Index stays pressured for the second consecutive day after reversing from 10-week high on Friday. US Treasury bond yields jump to late 2007 high as market players sell government securities amid mixed mood. Market’s consolidation … [Continue reading]
GBP/USD rebounds on risk appetite improvement, BoE’s rate hike expectations
Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. … [Continue reading]
Some reduction in USD exposure ahead of Jackson Hole – Scotiabank
Share: The USD is slightly softer overall to start the week off. Economists at Scotiabank analyze Greenback’s outlook. Markets look to Jackson Hole It’s a very light week for data which may mean that markets will consolidate somewhat ahead of … [Continue reading]
US Dollar in calm mode as traders keep eyes on Jackson Hole
Share: US Dollar price action expected to remain fairly muted with little waves during the week. Traders will try to keep their powder dry for the main event on Friday with US Fed Chair Powell's speech at Jackson Hole. The US Dollar Index … [Continue reading]
EUR/USD recovers some lost ground near 1.0880 ahead of German PPI
Share: EUR/USD recovers some lost ground near 1.0800 ahead of German economic data. The easing Eurozone inflation data alleviated pressure on the European Central Bank to continue rates hike. Investors raise their bets on more rate hikes by the … [Continue reading]