US Conference Board Consumer Confidence fell from 114.0 to 106.1 in August, well below expectation of 116.5. Present Situation Index fell from 153.0 to 144.8. Expectations Index fell from 88.0 to 80.2. Dana Peterson, Chief Read more…
The Japanese yen continues to lose ground on Tuesday. In the North American session, USD/JPY is trading at 147.26, up 0.50%. The yen broke above the 147 level for the first time since November 2022. Read more…
Daily Pivots: (S1) 145.83; (P) 146.30; (R1) 146.52; More… USD/JPY’s rally accelerates to as high as 147.63 today so far. The strong break of 61.8% projection of 129.62 to 145.06 from 137.22 at 146.76 indicates Read more…
US releases consumer confidence and job openings later on Tuesday Australia releases CPI on Wednesday The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6437, up 0.12% Read more…
Market picture The crypto market continues to trade in a 0.3% range around the $1.05 trillion capitalisation level. Despite some improvement in risk sentiment, sellers got the upper hand on the approach of the 1.06 Read more…
Incoming RBA Governor Michele Bullock made clear her primary focus would be tackling the country’s persistently high inflation. As Bullock prepares to take the helm of RBA on September 18, replacing her current role as Read more…
Yesterday, USD/JPY hit 146.74 for the first time since November 2022. The rise in the rate is facilitated by the growing gap in the policies of central banks: while the Bank of Japan has kept Read more…
USD/CAD tests major ceiling The US dollar remains firm as traders expect resilient data later this week. On the daily chart, the price is probing last May’s double top near 1.3650, a major ceiling that Read more…
Daily Pivots: (S1) 1.0773; (P) 1.0801; (R1) 1.0812; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some more consolidations could be seen. But outlook stays mildly bearish as long as 1.0929 Read more…
Daily Pivots: (S1) 1.0773; (P) 1.0801; (R1) 1.0812; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some more consolidations could be seen. But outlook stays mildly bearish as long as 1.0929 Read more…