Share: On Wednesday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1765, compared with Tuesday’s fix of 7.1886 and market expectations of 7.1935. The PBOC said that it fixed the 7-day reverse repo rate at 1.90% vs … [Continue reading]
Forex Today: US Dollar remains weak ahead of US CPI
Share: During the Asian session, the Reserve Bank of New Zealand will announce its monetary policy decision and RBA Governor Lowe will deliver a speech. The key event of the day, however, will be the release of the June US CPI, which is likely to … [Continue reading]
GBP/JPY loses the 20-day SMA after British labour market data
Share: The GBP/JPY cross tallies a fourth consecutive day of losses and retreats to near 181.00. The ONS from the UK reports that wages and unemployment increased in the three months leading up to May. Falling Japanese yields to … [Continue reading]
Brazil IPCA Inflation above forecasts (-0.1%) in June: Actual (-0.08%)
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]
USD Index drops to 2-month lows near 101.70
Share: The index extends the breach of the 102.00 support. Investors continue to favour the risk complex on Tuesday. NFIB Index, IBD/TIPP Index, Fed’s Bullard next on tap. The greenback, when tracked by the USD Index (DXY), sheds further ground … [Continue reading]
UK Unemployment Rate Preview: Persistent labor shortages likely to keep low levels
Share: Jobs report for the United Kingdom could significantly impact the BoE rates outlook. The Unemployment Rate in the UK is likely to hold steady at 3.8% in the quarter to May. Office for National Statistics is set to publish the UK labor market … [Continue reading]
US Dollar Index: DXY ignores Fed talks to renew three-week low under 102.00 as inflation expectations slump
Share: US Dollar Index stays pressured at two-week low, licking its wounds after declining in the last three consecutive days. Aftershocks of downbeat US NFP weighs on yields and DXY amid cautious optimism. Fed officials keep supporting 0.50% rate … [Continue reading]
Former SEC Chair says it would be difficult to deny approval of spot Bitcoin ETF if efficacy is demonstrated
Share: Former SEC Chair voiced his opinion concerning the current race for spot Bitcoin ETF filings approvals during a CNBC interview. Jay Clayton acknowledges that institutional players ride on the fading distinction between futures and spot BTC … [Continue reading]
AUD/USD stretches downside to near 0.6630 as Fed gets reason to resume policy tightening
Share: AUD/USD has dropped heavily to near 0.6630 amid a solid recovery in the US Dollar Index. After upbeat US labor cost figures, investors are awaiting June’s CPI data. Post a skip in the policy-tightening spell the RBA is expected to elevate … [Continue reading]
Greece Industrial Production (YoY) fell from previous 4.2% to 1.4% in May
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]