Philadelphia Fed President Patrick Harker suggested a pause on rate changes in the coming months, emphasizing the importance of allowing current monetary policy measures to take effect. He said today, “Absent any alarming new data Read more…
The latest news from the world of cryptocurrencies could be both bearish and bullish drivers:→ PayPal launches a stablecoin that will be pegged to the dollar and backed by US Treasuries; → Cathie Wood believes Read more…
USD/JPY is down 1% this week Japanese wage growth and personal spending decline The Japanese yen is trading quietly on Tuesday. In the European session, USD/JPY is trading at 143.10, up 0.42%. The yen is Read more…
In June ECB Consumer Expectations Survey, consumer concerns over inflation appear to be receding, with expectations for both short-term and three-year horizons declining. Despite steady views on income growth over the next year, there’s a Read more…
EURJPY is edging higher as it appears ready to retest the 16-year high of 157.99. The move prior to the July 28 BoJ meeting has been almost completely erased with the bulls confirming their dominance Read more…
Daily Pivots: (S1) 1.6693; (P) 1.6731; (R1) 1.6776; More… EUR/AUD’s up trend from 1.4281 resumed by breaking through 1.6785 resistance and intraday bias is back on the upside. Further rally should be seen to 1.7377 Read more…
Daily Pivots: (S1) 1.0973; (P) 1.0995; (R1) 1.1026; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the downside, break of 1.0911 will resume the decline from 1.1274 to 1.0832 support. Sustained Read more…
July saw a sharper-than-expected contraction in China’s exports, with decline of -14.5% yoy to USD 281.76B. This marked the steepest drop since February 2020 and exceeded market expectations, which had forecasted a decline of -12.5% Read more…
Today’s wage growth data out of Japan came in softer than anticipated, reinforcing BoJ’s position towards maintaining its ultra-loose monetary strategy. Furthermore, the consistent decline in real wages continues to weigh down consumer spending. Nominal Read more…