FX

RMB markets were not excited at the conclusion of China’s Third Plenum, and USD/CNH is likely to consolidate around 7.25-7.30, DBS FX & Credit Strategist Chang Wei Liang notes. USD/CNH to consolidate within 7.25-7.30 “RMB markets were not excited at the conclusion of China’s Third Plenum, and USD/CNH is likely to consolidate around 7.25-7.30. The communique

EUR/USD dips slightly under 1.09. ECB kept rates on hold as expected and left a September rate decision ‘wide open’ and data dependent, DBS FX & Credit Strategist Chang Wei Liang notes. ECB to lean towards caution “EUR/USD dipped slightly under 1.09, with the ECB keeping rates on hold as expected and leaving a September

The Euro (EUR) is expected to trade sideways between 1.0885 and 1.0935. Should EUR break below 1.0885, it would mean that the EUR strength from two weeks ago has come to an end, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. Below 1.0885 the EUR to become weak 24-HOUR VIEW: “Our

Thursday’s session witnessed the NZD/JPY pair rebounding, counterbalancing part of the bearish momentum. Despite the small rise, the cross still registers a weekly loss of 1.50%. Though corrective actions take place, technical indicators still depict a negative outlook. In Thursday’s session, the NZD/JPY pair managed to record a slight upsurge and landed at 95.15. Despite

Gold price appreciates due to the high likelihood of a rate-cut decision by the Fed in September. Fed Governor Christopher Waller stated that the central bank is ‘getting closer’ to an interest rate cut. Gold may limit its upside as US Treasury yields rebound. Gold price (XAU/USD) edges higher to near $2,470 per troy ounce

Dow Jones climbs on Wednesday as Fedspeak keeps rate cut hopes pinned. Fed rate cut expectations have fully priced in a September rate cut. One last batch of US inflation figures remains before the Fed’s July rate call. The Dow Jones Industrial Average (DJIA) clipped into further gains on Wednesday, extending the week’s hard rally

USD/CAD faces challenges as the commodity-linked CAD struggles due to lower Oil prices. WTI Oil price depreciates due to a slowing Chinese economy but its downside could be limited by lower US Oil stockpiles. Traders await speeches from Fed officials Thomas Barkin and Christopher Waller on Wednesday. USD/CAD retraces its recent losses from the previous session, trading

Mexican Peso strengthens by 0.35% as traders fully price in the Fed rate cut for September. Banxico’s dovish comments and Fed Chair Powell’s balanced mandate remarks influence market sentiment. US Dollar Index (DXY) rises slightly to 104.18; US Retail Sales data meet expectations. The Mexican Peso recovered and registered gains of more than 0.35% against

Here is what you need to know on Tuesday, July 16: Following the previous week’s sharp decline, the US Dollar (USD) Index edges higher early Tuesday after posting small gains on Monday. Export Price Index, Import Price Index and Retail Sales data for June will be featured in the US economic docket. Statistics Canada will

AUD/USD shows slight decrease since Monday but retains January highs near 0.6800. RBA’s hawkish stance and potential rate hike add momentum to AUD. Australian labor data will dictate the short-term dynamics. The Australian Dollar (AUD) experienced a mild correction against the USD in Monday’s session, declining to 0.6760. After a four-day winning streak, the AUD

USD/CHF rebounds near 0.8955 in Monday’s early European session.  The hotter US PPI data on Friday did not change the Fed rate cut expectations in September. The political uncertainty underpins the Swiss Franc against the Greenback.  The USD/CHF pair edges higher to 0.8955, snapping the two-day losing streak during the early European session on Monday.

In a fateful incident during a rally in Butler, Pennsylvania on Saturday, Former President Donald Trump was injured in an assassination attempt. Several bullet shots were fired at Donald Trump’s rally and one such shot ripped the upper part of his right ear. Trump was immediately rushed to a safer place by the  Secret Service and

AUD/USD remains at highest level since January near 0.6800. Hot PPI data didn’t stop the pair in its upward trend. Monetary policy divergence between RBA and Fed stir the pair. The Australian Dollar (AUD) upheld its positive trajectory against the USD in Friday’s session, rising by 0.30% to 0.6780. The AUD resumed its gains with

Gold price sticks to key support level, set for third consecutive weekly gain on Fed rate cut expectations. US PPI rises above estimates; University of Michigan Consumer Sentiment drops, inflation expectations moderate. CME FedWatch Tool indicates 94% chance of September rate cut; US Dollar Index falls over 0.40% to 104.09. Gold’s price clung above $2,400

QuantumScape stock rises another 17% on Friday, following Thursday’s 30% run. Wall Street cheers on battery maker, loves capital-light strategy. NASDAQ, S&P 500 advance further after June CPI falls. Volkswagen could end up producing QuantumScape batteries for as many as 1 million vehicles annually. QuantumScape (QS) stock is refusing to fade on Friday after its 30% Thursday

US Dollar continues losing ground in light of weak CPI figures and UoM data. Markets still foresee a September rate cut. Despite hot PPI data, US Treasury yields are falling, diminishing allure of USD. The US Dollar Index (DXY) remains weak on Friday, sitting at April lows. This is largely a response to the soft

Gold-backed exchange-traded funds (ETFs) reported net inflows of gold for the second straight month in June. With European funds leading the way, net gold holdings by ETFs globally increased by 17.5 tons last month. May was the first month of positive flows into ETFs in 12 months. ETFs globally hold 3,105.5 tons of gold. Assets

AUD continued its upswing on Thursday against USD. Markets adjust their stance on the Federal Reserve following US inflation figures. RBA’s reluctance to initiate rate cuts due to stubbornly high inflation provides stable support for Aussie. The Australian Dollar (AUD) carried on with its positive trend against the USD on Thursday, rising to 0.6780 after