Share: Underlying US inflation has edged down to 4.7% YoY in June, temporarily cheering markets. The US Dollar is set for a short-term recovery due to pre-release tumbling. Looking toward the next Federal Reserve decision, the Greenback has room to … [Continue reading]
USD/TRY to reach 30.00 by year-end – Commerzbank
Share: The Turkish Lira still appears to be kept stable by policymakers. But, rate hikes have lagged market expectations and inflation has begun to re-accelerate. Subsequently, economists at Commerzbank have revised up their USD/TRY forecast. … [Continue reading]
AUD/USD advances back closer to mid-0.6500s, traders keenly await US CPI report
Share: AUD/USD regains some positive traction on Thursday, albeit lacks follow-through. China’s economic woes hold back bulls from placing fresh bets around the major. Bets for more Fed rate hikes underpin the USD and contribute to capping the … [Continue reading]
Japan Foreign Bond Investment: ¥438.8B (August 4) vs ¥208.9B
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]
AUD/USD Forecast: More consolidation likely ahead of US CPI
Share: AUD/USD Current Price: 0.6534 Markets remain quiet ahead of US CPI data. The US Dollar posts mixed results, keeping AUD/USD around 0.6550. Risks remain tilted to the downside for the pair, with no clear signs ahead of the Asian session. The … [Continue reading]
United States EIA Crude Oil Stocks Change above expectations (0.567M) in August 4: Actual (5.851M)
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/MXN: Next objectives could be at 17.80 and April low of 18.00 – SocGen
Share: Economists at Société Générale analyze USD/MXN technical outlook. Receding downward momentum USD/MXN deepened its downtrend towards potential support zone of 16.60/16.40 representing intermittent projections and a multiyear trend line. An … [Continue reading]
NZD/USD Price Analysis: Kiwi prods immediate resistance below 0.6100 on upbeat RBNZ Inflation Expectations
Share: NZD/USD recovers from the lower level in two months but lack follow-through. RBNZ Inflation Expectations for Q3 improves to 2.83% QoQ versus 2.79% prior. Impending bull cross on MACD, gradually improving RSI favor corrective bounce but … [Continue reading]
EUR/GBP retakes 0.8600, struggles to capitalize on its recovery from over one-week low
Share: EUR/GBP rebounds from over a one-week low touched during the Asian session on Wednesday. The worsening UK economic outlook undermines the GBP and prompts intraday short-covering. Expectations that the ECB will end its rate-hiking cycle soon … [Continue reading]
United States API Weekly Crude Oil Stock: 4.06M (August 4) vs -15.4M
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]