DOLLAR INDEX weakened on softer than expected inflation data but larger bulls remain in play while…
The dollar index regains traction after suffering losses in past two days, sparked by softer than expected US inflation data for June (CPI, PPI) that cooled expectations for Fed rate hikes.
Wednesday’s break of trendline support (100.40)…
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EURGBP – bears take a breather above 13-month low
EURGBP edges higher in early Thursday after hitting 13-month low following 0.8% drop on Wednesday (the biggest daily loss since June 22), when the pound was strongly lifted by signals that new PM Burnham will pick a fiscally conservative…
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US Producer Prices unexpectedly drop in June
US producer prices (PPI) unexpectedly fell in June, adding to signals that inflation was retreating during the period of ceasefire before the latest escalation in the Middle East conflict.
The Producer Price Index increased 5.5% y/y in…
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China’s economy grew at the slowest pace in over three years in Q2
China's economy grew at its slowest rate in more than three years during the second quarter, falling short of expectations as weak household consumption overshadowed resilient manufacturing and export performance. The slowdown has renewed…
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US Consumer Prices ease more than expected in June but relief is likely to short-lived
US inflation increased by 3.5% y/y in June after surging 4.2% previous month (the biggest increase in over three years) and fell below 3.8% forecast, while monthly CPI fell 0.4% last month after 0.5% rise in May and beat expectations for…
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BRENT OIL hit one month high as situation in the Middle East escalates further
Brent price rallies for the second consecutive day on intensifying hostilities between the US and Iran that resulted in closure of strategic Strait of Hormuz and fueled fears about prolonged supply disruptions that may send fresh shockwaves…
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DOLLAR INDEX – geopolitical uncertainty and inflation concerns to continue to provide support
The US dollar jumped on opening on Monday and quickly reversed gains but remained within approx. $50 range for the day.
Fresh escalation in the Middle East added to inflation concerns and expectations that the Fed would keep its hawkish…
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GOLD – key $4K support zone at risk again on worsening geopolitical situation
Gold edged lower after opening with $20 gap lower on Monday, following the latest escalation in the Middle East that fueled inflationary risk and added to expectations that the Fed will keep higher interest rates or possibly opt for rate…
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EURGBP – limited correction to precede fresh push lower
EURGBP holds within narrow consolidation on Thursday after hitting new over one year low in strong bearish acceleration in past couple of sessions.
The pair is also on track for the third consecutive strong weekly loss, as Sterling…
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NZD jumps on RBNZ hawkish hike but struggles to hold gains
The New Zealand dollar rose 0.75% in immediate reaction to (expected) action of the RBNZ to raise interest rates by 25 basis points to 2.5%, earlier today.
This was the first rate hike in almost three years, with comments from the…
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