UoM Consumer Sentiment Index rose more than expected in July's flash estimate.US Dollar Index extends its daily slide toward 98.00.Consumer confidence in the United States (US) improved in July, with the University of Michigan's (UoM) preliminary … [Continue reading]
EUR/USD: Likely to trade in a sideways range of 1.1585/1.1655 – UOB Group
Slowing momentum suggests that instead of continuing to weaken, Euro (EUR) is more likely to trade in a sideways range of 1.1585/1.1655 against US Dollars (USD). In the longer run, EUR weakness appears to have stabilised; for the time being, it is … [Continue reading]
NZD/USD Price Forecast: 200-EMA acts as key support
NZD/USD gains to near 0.5955 as the US Dollar takes a breather after gains for over two weeks.Fed Waller reiterates the need to reduce interest rates in the policy meeting later this month.Investors await NZ’s Q2 CPI data, which will be released on … [Continue reading]
WTI drifts higher above $66.00 on brewing Middle East tension
WTI price rises to $66.15 in Friday’s early Asian session. Simmering tensions in the Middle East and strong summer demand boost the WTI price. Tariff uncertainty might cap the WTI’s upside. West Texas Intermediate (WTI), the … [Continue reading]
United States Total Net TIC Flows rose from previous $-14.2B to $311.1B 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]
German Chancellor Merz signals resistance to EU taxation plans
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent.Key highlights(The … [Continue reading]
NZD: Signs of a resurgence in inflation – Commerzbank
Prices are rising faster again in New Zealand, Commerzbank's FX analyst Volkmar Baur notes. Market prices in almost three further interest rate cuts"According to monthly price data, which only covers part of the CPI basket but is a reliable … [Continue reading]
United Kingdom Claimant Count Rate: 4.5% (June)
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]
Australia’s Unemployment Rate jumps to 4.3% in June vs. 4.1% expected
Australia’s Unemployment Rate rose to 4.3% in June from 4.1% in May, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of 4.1%.Furthermore, the … [Continue reading]
Gold price rises on fears about Fed’s independence, weak PPI
Gold reached a three-week high before retreating to around 3,350.Trump fuels volatility after hinting at Powell's removal, then walks back comments.India’s Gold imports plunge 40% in June as high prices curb demand.Gold price rose during the North … [Continue reading]