Month: August 2025

The Fed doves hit a wall yesterday after US PPI data came in far hotter than analysts pencilled in, raising doubts that consumer prices will remain immune to tariff effects and that the Federal Reserve Read more…

In focus today In the US, focus will be on July retail sales and industrial production data. Retail sales are expected to showcase still solid consumer demand, but markets will keep a close eye on Read more…

Daily Pivots: (S1) 0.6463; (P) 0.6516; (R1) 0.6549; More… Intraday bias in AUD/USD is turned neutral first with the current steep retreat. On the downside, firm break of 0.6481 support will argue that corrective pattern Read more…

Asian trading was uneven today as strong Japanese GDP data contrasted sharply with a softer Chinese macro picture. Tokyo’s Nikkei 225 received a boost from the better-than-expected growth reading, while Yen advanced across the board. Read more…

Key insights from the week that was. In Australia, the RBA Monetary Policy Board (MPB) unanimously decided to cut the cash rate by 25bps, a move that came as no surprise to market participants. This Read more…

China’s July economic activity slowed more than expected, with industrial production rising 5.7% yoy, short of the 6.0% yoy forecast and easing from June’s 6.8% yoy. Retail sales growth also disappointed, up 3.7% yoy versus Read more…

Japan’s economy expanded 0.3% qoq in Q2, topping expectations of 0.1% qoq. Q1 figures were also revised up to 0.1% qoq growth from a prior estimate of contraction. On an annualized basis, GDP rose 1.0% Read more…

New Zealand’s manufacturing sector returned to growth in July, with the BusinessNZ Performance of Manufacturing Index rising from 49.2 to 52.8, moving back above the historical average of 52.5. All five sub-indices registered expansion, led Read more…

Key Highlights USD/JPY extended losses and tested the 146.20 support. It now faces hurdles near 147.80 and 148.50 on the 4-hour chart. EUR/USD struggled to continue higher above the 1.1740 pivot zone. GBP/USD revisited the Read more…

St. Louis Fed President Alberto Musalem said on CNBC that his outlook has shifted in recent months, with inflation risks revised “slightly lower” and potential labor market weakness assessed “slightly higher”. Musalem stressed that his Read more…