The final reading of Australia's Judo Bank Services Purchasing Managers Index (PMI) rose to 52.5 in August from 50.4 in the previous reading. This figure was above the market consensus of 52.2, the latest data published by Judo Bank and S&P … [Continue reading]
XRP breaks past key resistance, Ripple announces plans for Ethereum-compatible smart contracts
Ripple gears up for Ethereum-compatible smart contracts on the XRP Ledger, which should boost functionality. Ripple plans to use the Axelar network for cross-chain token transfers; wrapped XRP is the primary token on the sidechain. XRP crosses … [Continue reading]
USD/CAD Price Forecast: Jumps to near 1.3550
USD/CAD surges to near 1.3550 as the Canadian Dollar weakens ahead of the BoC policy meeting. The US Dollar surrenders its intraday gains with US NFP in focus. The US ISM Manufacturing PMI contracted again in August. The USD/CAD pair climbs to near … [Continue reading]
EUR/CHF: To crawl higher towards its crucial resistance – Société Generale
EUR/CHF has recently risen above 0.9350 and 0.94, Société Generale FX analysts note. Daily MACD is attempting across above its trigger line EUR/CHF has recently carved out a higher trough near 0.9350 than the one achieved in August at … [Continue reading]
Japanese Yen inches higher due to rising risk aversion
The Japanese Yen edges higher as the government will allocate ¥989 billion to fund energy subsidies. The JPY faced challenges as weak Japanese manufacturing data fueled speculation that the BoJ might postpone further rate hikes. The US Dollar … [Continue reading]
Japan Monetary Base (YoY) in line with forecasts (0.6%) in August
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]
Australian Dollar recovers after last week’s losses
AUD/USD started the week on the right foot on a quiet Monday. Australia will release Q2 GDP data on Wednesday, which will be key. RBA Governor Bullock is expected to reiterate hawkish guidance on Thursday despite market expectations of a rate cut in … [Continue reading]
USD: Weak payrolls needed for FOMC to cut 50bps – MUFG
The debate on whether the FOMC should cut by 25 or 50bps could well become clearer by the end of the week when the non-farm payrolls data report for August arrives. There are plenty of economic indicators that point to a weakening labour market and … [Continue reading]
AUD/USD: Double-top bearish reversal underway – OCBC
The Australian Dollar (AUD) fell on growth concerns in China (weaker NBS PMI seen over the weekend), softer iron ore prices while USD broadly rebounded, OCBC’s FX analyst Christopher Wong notes. AUD may suffer a corrective pullback in the near term … [Continue reading]
Australia RBA Commodity Index SDR (YoY) down to -5.2% in August from previous -3%
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]