FX

Share: USD/JPY trades down 0.13% at 145.68, pressured by disappointing US labor market data and lower-than-expected Q2 GDP growth. US 10-year Treasury Note yield dips to 4.102%, further weakening the dollar, as the DXY index slumps 0.43% to 103.041. BoJ board member Naoki Tamura signals inflation is “clearly in sight,” hinting at a potential end

Share: GBP/USD retreats on US Dollar recovery, trades near 1.2630 GBP/USD trades lower around 1.2630 on the back of a recovery in the US Dollar (USD), which could be attributed to the improvement in US Treasury yields snapping a two-day losing streak. The US Dollar Index (DXY), which measures the performance of the Greenback against

Share: Mexico’s Q2 GDP growth comes in below expectations at 0.8% QoQ, pushing USD/MXN higher as Banxico holds rates steady at 11.25%. US Job Openings declined to 8.827M, well below estimates, causing odds for a September rate hike to drop from 78% to 86.5%, according to the CME FedWatch Tool. Despite mixed US economic data,

Share: USD/JPY prints the first daily loss in four despite lacking downside momentum of late. Japan government report cites ‘inflection point’ in 25-year battle with deflation, teases BoJ hawks amid softer yields. Downbeat Japan employment data, mixed concerns about inflation keep Yen pair buyers hopeful. US CB Consumer Confidence, yields eyed for fresh impulse. USD/JPY

Share: USD/JPY surges to a new YTD high of 146.68, buoyed by Wall Street’s upbeat opening and dovish comments from BoJ Governor Kazuo Ueda. Despite a dip in US 10-year Treasury yields, the pair maintains its bullish momentum, reflecting the Fed’s hawkish stance on further tightening. A packed economic calendar could introduce volatility, including key

Share: USD/CHF trades lower around 0.8830 due to the retreating US Treasury yields. US Dollar (USD) weakens despite the Fed’s hawkish stance at the Jackson Hole Symposium. Fed Chair Jerome Powell endorsed the idea of maintaining “higher for longer” interest rates. USD/CHF trades lower around the 0.8830 level at the start of the week. Indeed, USD/CHF

Share: The EUR/USD fell below the 200-day SMA of 1.0800 towards the 1.0795 area to close the week. The Euro tallied a fourth consecutive weekly loss against the USD. The cautious stance by Christine Lagarde at the Jackson Hole Symposium weakens the Euro. In Friday’s session, the EUR/USD bears broke through the 200-day Simple Moving Average

Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds complexity to

Share: AUD/USD fell more than 0.50%,  to a daily low near 0.6380. Jerome Powell opened the door to another hike in this tightening cycle. Rising US yields make the USD gain interest. At the end of the week, the USD gained ground against its rivals, mainly driven by the Federal Reserve’s (Fed) chairman, Jerome Powell, at

Share: Powell’s hawkish tone on inflation and potential for further rate hikes propels USD/CAD to a three-month high of 1.3640, currently trading at 1.3613. Philadelphia Fed’s Patrick Harker adds fuel to the fire, stating rates are already restrictive and may need to rise further if inflation stalls. Lackluster Canadian retail sales data at 0.1% MoM

Share: Gold price trades sideways as investors shift focus to the speech from Fed Powell at Jackson Hole. The market mood remains jittery as to whether Jerome Powell will deliver hawkish interest rate guidance or favor a neutral policy. Business spending on capital goods rose by 0.1% in July, swinging from a contraction of 0.4%

Share: GBP/USD drops to its lowest level since June, further below 1.2600 on stronger USD The GBP/USD pair prolongs its rejection slide from the 1.2800 mark touched earlier this week and remains under some selling pressure for the fourth successive day on Friday. Spot prices drop to a more than two-month low, around the 1.2585

Share: In an interview with CNBC on the sidelines of the Jackson Hole Symposium, ”right now I think that we’ve probably done enough and with monetary policy in a restrictive stance” Federal Reserve Bank of Philadelphia President Patrick Harker said. Key takeaways “Fed must deal with inflation and is dealing with it.” “Fed will need to keep rates

Share: GBP/USD trades lower on the back of downbeat UK PMI data. UK Composite PMI fell below 50 for the first time since January. Weaker PMIs from both countries, flaring the likelihood of rate hikes in September meetings. GBP/USD extends its losses and trades lower around 1.2710 during the Asian session on Thursday. The pair

Share: Oil (WTI) trades off the lows as EAI numbers overshoot bullish estimates.  The US Dollar gave markets a knee-jerk reaction after surprise US Dollar strength.. The weekly API numbers were a disappointing drawdown and could push Oil prices further downwards. Oil prices are off the lows and erasing partial losses after the weekly important

Share: EUR/USD recovers from 10-week low while consolidating the biggest daily loss in a month. Sharp bound in Eurozone Current Account joins cautious optimism to trigger Euro recovery. Yields extend pullback from multi-month high amid mixed about next moves of ECB, Fed. Preliminary readings of EU, German and US PMIs for August will direct intraday

Share: Gold price falls back vertically as US Dollar delivers V-shape recovery. A tight US labor market could be a restricting factor for achieving price stability. Fed Powell’s speech at Jackson Hole is the key event this week Gold price (XAU/USD) faces selling pressure after failing to sustain above the crucial resistance of $1,900.00. The

Share: USD/CNH bounces off intraday low but defends week-start bearish move. 10-year yield gap between US and China jumps to the highest since 2007. Markets fear more China stimulus, further downside for Yuan amid economic pessimism. US Dollar’s preparations for Jackson Hole Symposium allow USD/CNH to pare recent gains. USD/CNH rebounds from a one-week low,