Dollar pressures key support, but Fed’s decision is likely to determine near-term direction
The dollar stays in red for the fifth consecutive day and cracks psychological 110 support on Tuesday, as sentiment weakens on speculations that the Fed may slow the pace of its interest rate hike.
Weakened daily studies add to downside…
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Bullish signals build as Euro rises above parity
The Euro rose above parity on Tuesday, in extension of a steep upleg from 0.9631 trough (Oct 13), trading at these levels for the first time since Sep 21.
Talks that Fed may pause continue to deflate dollar in past few sessions, despite no…
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Australian inflation hits the highest in over three decades in Q3
Inflation in Australia soared to 7.3% y/y in the third quarter, the highest since 1990, rising from 6.1% in Q2 and above 7.0% forecast.
The quarterly figure shows that inflation remained unchanged at 1.8% in Q3 but topped the forecast…
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Bulls keep traction and eye parity
The Euro remains at the front foot on Tuesday and rises to the highest since Oct 6, as better than expected German Ifo data added to positive near-term sentiment.
Bulls hold for the fourth straight day, with long lower shadows on daily…
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Rishi Sunak to become Britain’s new Prime Minister
Rishi Sunak will become Britain’s new Prime Minister, replacing Liz Truss, who lasted in that position only 44 days.
Sunak will be the country’s third Prime Minister in less than two months, taking the position in the most turbulent eras…
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China’s economy grew above expectations in Q3, but outlook remains clouded
China’s economic growth accelerated above expectations in the third quarter, expanding by 3.9% in the July-September period, after the economy grew by 0.4% in the second quarter and beating forecast for 3.4% expansion.
A stronger than…
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USDJPY regains traction after Friday’s intervention; eyes key barriers at 150.00/42
The USDJPY bounces strongly in early Monday and regains levels near 150 barrier, signaling that a positive impact from a massive intervention to support yen on Friday, was not lasting long.
The pair dipped from new 32-year high (151.94) to…
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The downside remains vulnerable after short-lived advance
Cable started trading on Monday with a gap-higher, but gains were so far short-lived and stalled under last week’s high at 1.1439.
Fresh optimism about a solution for deepening political crisis in Britain on expectations that Rishi Sunak…
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Increased Pressure to Sell GBP as UK Prime Minister Liz Truss Resigns
Yesterday, Liz Truss, sworn in as UK Prime Minister on 5 September 2022, announced after 45 days that she would remain in office until a new Conservative Party leader was elected, then resign.
Initial and short-term GBP bids were strong,…
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Increase in risk-aversion indicators in the US stock markets due to the rapid growth of inflation
With the rapid inflation, risk-aversion indicators have increased in the US stock markets. Given that the FOMC's hawkish monetary policies are likely to tighten, the possibility of lower demand for equity markets has increased in the…
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