Share: EUR/USD languishes at 1.5-month low amid broad US Dollar strength. Fed Minutes highlights live discussion on inflation pressure, some FOMC members favored rate hikes. Upbeat US Treasury bond yields add strength to Euro pair’s bearish bias … [Continue reading]
Singapore police seize $1 billion in cash and cryptocurrencies used in money laundering
Share: Singapore Police Force announced the arrest of ten foreign nationals involved in the country’s biggest money laundering bust. They seized assets, including 94 real estate properties worth upwards of $800 million and $1 billion worth of cash … [Continue reading]
United States Industrial Production (MoM) registered at 1% above expectations (0.3%) in July
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]
145 to 146 is the area where USD/JPY is trading “naturally” – Commerzbank
Share: With USD/JPY levels in the mid-145s, nobody seems to be afraid of interventions, economists at Commerzbank report. The state of current volatility is not seen to be unusually low The state of current volatility is not seen to be … [Continue reading]
EUR/JPY consolidates below multi-year peak touched on Tuesday, bullish bias remains
Share: EUR/JPY lacks any firm intraday direction and oscillates in a narrow band on Wednesday. A softer risk tone, along with intervention fears, underpins the JPY and acts as a headwind. The BoJ-ECB policy divergence favours bulls and supports … [Continue reading]
Bitcoin volatility at record low as funding rate hits $200 million; signals impulse move ahead
Share: Bitcoin volatility is now at an all-time low, a move that has historically preceded large price impulses. BTC longs now apply pressure on shorts, increasing their buying power with $200 million in leveraged bets. While the … [Continue reading]
Argentina Consumer Price Index (MoM) up to 6.2% in July from previous 5.8%
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 extends gains due to stronger wage growth, UK Inflation eyed
Share: Pound Sterling delivers a breakout of the consolidation after UK’s ONS reported weak labor market data. United Kingdom labor market witnessed lay-offs in June and a healthy jump in jobless claims in July. Britain’s Unemployment Rate rose to … [Continue reading]
Gold price remains vulnerable amid resilient US yields, US Retail Sales eyed
Share: Gold price continues its south-side move amid resilient US Dollar and Treasury yields. Investors await the US Retail Sales data for July, which is seen expanding with higher momentum. An economic slowdown in China improves the appeal of the … [Continue reading]
USD/JPY retreats towards 145.00 as upbeat Japan statistics join US Dollar’s pullback ahead of Retail Sales
Share: USD/JPY prints the first daily loss in seven while reversing from YTD high, pressured around intraday low of late. Upbeat Q2 GDP from Japan, Industrial Production for June join sluggish yields at multi-day high to tease Yen pair sellers. … [Continue reading]