FX

Share: EUR/USD gains modestly. Economists at Scotiabank analyze the pair’s outlook. Short-term price signals are tilting somewhat positive Short-term price signals are tilting somewhat positive but it remains to be seen if the EUR modestly firmer undertone can extend through the course of the day.  Friday’s stalling signal (‘doji’ candle) may have been the full

Share: USD/CNH picks up bids to refresh intraday high after China infuses market liquidity. PBoC cuts one-year LPRs, China Commerce Ministry offers help to farmers. Mixed concerns about Fed Chair Powell’s speech at Jackson Hole, hopes of more stimulus from China underpin market’s consolidation. PMIs for August, risk catalysts eyed for clear directions. USD/CNH takes

Share: EUR/JPY dropped near 158.00, still trading in cycle highs. After two consecutive weeks of gains, the cross will close a weekly decline of 0.30%. The Japanese National CPI from July came in higher than expected. On Friday, the JPY traded strongly against most of its rivals, making the EUR/JPY cross retreat to the 158.00

Share: China’s economic indicators signal distress, with weak retail sales, plunging imports/exports, and Evergrande’s bankruptcy filing. US Federal Reserve minutes highlight commitment to 2% inflation target but voices caution against overtightening. Traders eye upcoming S&P Global PMIs in Australia and a slew of US data, including Powell’s Jackson Hole speech, for directional cues. AUD/USD registers

Share: XAU/USD recovered towards $1,890, still poised for a weekly decline. China’s real state giant Evergrande filed for bankruptcy protection in a US court. Lower US yields amid risk aversion benefits Gold prices. At the end of the week, the XAU/USD Gold spot slightly recovered to $1,890, but it is still poised for a 1% weekly

Share: GBP/USD retreats from daily highs and losses for the second day in the week but remains set to finish the week on a higher note. Retail Sales in the United Kingdom (UK) were softer, but most data supports the Bank of England’s (BoE) case for a rate hike at its upcoming meeting. The GBP/USD is trading

Share: MULN stock must maintain a share price above $1 for 10 consecutive sessions by September 5. Mullen announced on Thursday that it began repurchasing MULN shares on Wednesday. Mullen has already purchased $3.6 million worth of shares out of its $25 million mandate. Closing Thursday at $0.79, MULN stock needs to rise 26.6% to

Share: GBP/JPY trades lower due to moderate Japan’s inflation data. Better-than-expected Export figures could provide support to JPY. China’s economic downturn woes could impact the Japanese Yen. GBP/JPY trades lower around 185.60 during the Asian session on Friday, extending losses for the second consecutive day. The Japanese Yen (JPY) gets support from moderate Japan’s inflation

Share: Euro pierces the 1.0900 hurdle vs. the US Dollar. Stocks in Europe keeps the negative performance so far. EUR/USD looks supported around the 1.0860 for the time being. The USD Index (DXY) meets initial resistance near 103.60. EMU trade deficit shrank more than expected in June. Philly Fed index surprises to the upside in August. The Euro

Share: People’s Bank of China (PBoC) set the USD/CNY central rate at 7.2076 on Thursday, versus the previous fix of 7.1986 and market expectations of 7.3047. It’s worth noting that the USD/CNY closed near 7.2990 the previous day. Apart from the USD/CNY fix, the PBoC also unveiled details of its Open Market Operations (OMO) while saying that the Chinese

Share: USD eases broadly versus the majors as DXY gains slow around 200-Day Moving Average. Economists at Scotiabank analyze Greenback’s outlook. USD to soften broadly in H2 The USD is trading generally softer so far today after four consecutive daily gains that have taken the DXY index to test its 200-DMA. That benchmark is holding

Share: USD/JPY oscillates in a narrow band around mid-145.00s on Wednesday. The Fed-BoJ policy divergence continues to act as a tailwind for the pair. Intervention fears cap any meaningful upside ahead of the FOMC minutes. The USD/JPY pair holds steady around mid-145.00s during the Asian session on Wednesday and remains well within the striking distance

Share: Retail Sales in the US rose 0.7% on a monthly basis in July to $696.4 billion, the data published by US Census Bureau showed on Tuesday. This reading followed the 0.3% (revised from 0.2%) increase recorded in June and came in better than the market expectation of 0.4%.  Retail Sales Ex-Autos rose 1% in the same

Share: USD/CAD gains momentum around 1.3460 amid USD demand. Investors expect that the Federal Reserve (Fed) will keep the interest rate unchanged in its next meeting. A decline in oil prices undermines the Canadian Dollar against the Greenback. All eyes are on the Canadian Consumer Price Index (CPI), US Retail Sales due later in the

Share: GBP buyers re-emerge in the high 1.26s. Economists at Scotiabank analyze Cable’s outlook. Technical signals shaded somewhat negatively for the GBP in the short run Sterling looks well-supported on the session so far but technical signals are shaded somewhat negatively for the GBP in the short run after the heavy selling pressure from the

Share: Silver Price licks its wounds after falling the most since mid-June. Nearly oversold RSI conditions join recently firmer MACD signals to prod XAG/USD bears. 200-SMA holds the gate for Silver buyer’s entry, previous support line from late June guards immediate recovery. Silver bears need validation from $22.00 to challenge yearly low marked in March.

Share: The EUR/JPY traded in the red below the 159.00 area after five consecutive days of gains. The cross closed Friday with 1.65% weekly gains, trading in highs since 2008.  Focus shifts to the Eurozone and Japan’s GDP for Q2, which will be released the following week. In Friday’s session, the EUR/JPY traded with losses,

Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below 0.6000, set