EUR/USD holds over 0.98 amid an upbeat mood EURUSD is on the rise, extending gains from the previous session as the upbeat mood continues, despite the eurozone’s weaker-than-expected manufacturing PMI. A smaller than expected rate Read more…
GBPUSD has gained more than 10% over the last six days, continuing the bounce off the record low of 1.0325. Technical oscillators reflect the recent bullish bias as the pair is advancing above the 20-day Read more…
EUR/USD On the first day of the trading week, the single European currency failed to break out of the range that was formed last week. As markets opened in Europe, the pair approached the resistance Read more…
Silver surged after weaker-than-expected US manufacturing data sent Treasury yields lower. A break above 19.00 has prompted short-term sellers to cover their bets, easing the downward pressure. Then a pop above the psychological level of Read more…
The pound rallied after British Prime Minister Liz Truss backpedalled on her tax cut proposal. A break below the base of the latest rally at 0.8720 mirrors strong demand for the pound across the board. Read more…
The Japanese yen recovered as the Tokyo core CPI beat estimates in September. The price has recouped most losses from the previous sell-off, a sign that sentiment remains upbeat despite a temporary setback. A close Read more…
Highlights from the RBA’s cash rate statement Inflation is expected to peak later this year and then decline back towards the 2–3 per cent range. Medium-term inflation expectations remain well anchored, and it is important Read more…
Markets The US manufacturing ISM surprised to the downside yesterday, easing from 52.8 to 50.9. The lowest reading since May 2020 followed a (deeper) drop in employment and new (export) orders into contraction territory. Backlogs Read more…
The new week, the new month and the new quarter kicked off on a volatile, but a positive note. European indices ended the session with slight gains, the SMI eked out a 0.23% gain, as Read more…
Market movers today No key data releases out today. Three Fed speakers, Williams, Mesters and Daly, are on the wires ahead of a batch of US job market data this week. We continue to expect Read more…