FX

Share: EUR/GBP meets with heavy supply in reaction to the dismal Euro Zone PMI prints for July. The weaker data eases pressure on the ECB to hike rates further and weighs on the Euro. Diminishing odds for a more aggressive BoE cap gains for the GBP and could limit losses. The EUR/GBP cross comes under

Share: S&P 500 corrective mode following TSLA, NFLX earnings and Thu manufacturing plus unemployment data, continued Friday – too early yet to call this correction as over as the encouraging open had been eventually sold into. It‘s all about Fed tightening bets meeting soft landing estimates. Well, what estimates I say when LEIs are still

Share: USD/JPY bears are waiting to make the move. Bears eye key resistance near a 61.8% Fibonacci, but note higher prospects. The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week. We have seen a range of

Share: EUR/GBP fails to decisively break above the 100 and 200-day EMAs at 0.8664 and 0.8679, respectively, after hitting a two-month high at 0.8700. If EUR/GBP pulls back, support levels emerge at 50-day EMA at 0.8619, 0.8600, 20-day EMA at 0.8594, and July 10 high at 0.8584. A break above 0.8700 will set sights on

Share: Mullen stock falls sharply at end of week. Volume is tapering off for MULN over past 10 sessions. Mullen to hold event in Mississippi for first production of Mullen Three. Bollinger Motors is also releasing its B4 cab chassis. Mullen Automotive (MULN) stock is selling off by 6% on Friday, despite a generally advancing market. The

Share: Japan’s Consumer Price Index (CPI) for June reports a YoY increase of 3.3%, slightly above the previous 3.2% figure, but falls short of the anticipated 3.5%. Reuters report on BoJ’s monetary stance causes USD/JPY to break away from the 140.00 range seen through most of the Asian session. The USD/JPY uptrend could continue based

Share: The South African Rand is holding up despite the lack of a rate hike. Economists at ING analyze ZAR’s outlook. Market thinks that the SARB has concluded its tightening cycle The vote was close – three to two in favour of unchanged rates – but now the market thinks that the SARB has concluded

Share: GBP/JPY trades with losses at the 180.20 area, recording a fourth consecutive day of losses. Exports in Japan expanded at a slower pace than expected in June. Dovish bets on the BoE limit the GBP’s advance. The GBP/JPY retreated below 181.0 on Thursday as markets stay cautious ahead of Japanese inflation figures and the respective

Share: NZD/USD is now seen trading within the 0.6210-0.6370 range in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: Yesterday, we held the view that NZD “could retest the 0.6260 level before the risk of a more sustained rebound increases.” Instead of “testing

Share: The GBP/JPY tallied its third daily loss in a row and slid to a daily low below 180.50. UK’s June CPI came in lower than expected. Governor Ueda hinted that the monetary policy will remain unchanged in the next meeting. The GBP/JPY retreated to the 180.30 area and then settled around 181.60 on Wednesday

Share: USD/CAD is looking vulnerable above the immediate support of 1.3160 amid weakness in the US Dollar. The recovery move in the USD Index seems fragile due to an absence of supportive fundamentals. USD/CAD is expected to continue its downside journey toward the horizontal support at 1.3077. The USD/CAD pair is struggling in maintaining an

Share: GBP/USD struggles at 1.3100 and retreats as the United States (US) economy continued to show signs of weakening, suggested by not-so-good economic data revealed on early Tuesday. In addition, the United Kingdom (UK) inflation report, just around the corner, is set to keep the GBP/USD pair within familiar levels. At the time of writing,

Share: Economists at Standard Chartered expect the Central Bank of the Republic of Türkiye (CBRT) to raise policy rate by 400 bps at its 20 July meeting. CBRT to continue monetary tightening in July We now expect the CBRT to raise its one-week repo rate by 400 bps to 19.0% on 20 July, having previously

Share: Canadian Dollar trades in volatile ups and downs against the US Dollar after hitting a technical ceiling and a decline in Oil prices.   Oil falls from weaker-than-expected Chinese growth data for Q2 and the reopening of Libya’s largest Oil field.  A thick knot of technical support levels just below 1.3100 further provides a technical

Share: USD/CHF fades the previous day’s corrective bounce off the lowest level since January 2015. US Dollar lacks recovery momentum amid pre-Fed blackout. Downbeat mood, US data puts a floor under Swiss Franc pair around multi-month low. US Empire State Manufacturing Index, Retail Sales eyed for clear directions. USD/CHF drops back to 0.8600, reversing Friday’s

Share: EUR/GBP consolidates within a tilted downward bias, with key support at 0.8504. The pair’s bullish turn hinges on a 0.8600 breach, testing 50-day EMA. RSI is nearing bullish zone; RoC indicates a potential uptrend. EUR/GBP reverses Thursday’s losses and is set to print weekly gains of 0.40% after Pound Sterling (GBP) bulls emerged yesterday,

Share: EUR/USD may have run its course and bulls are laying the table. A break of key support structures could be on the cards for the week ahead. EUR/USD is stalling on the bid but underlying momentum is undeniable. At the time of writing the Single Currency is probing key resistance as the following illustrates,

Share: US Dollar Index (DXY), which measures the US Dollar’s performance against a basket of six currencies, shows slight gains after reaching a fresh 15-month low of 99.578. June’s US CPI grew 3.0% YoY, underperforming the 3.1% forecast, while Core CPI fell by 0.5%. Concurrently, June’s PPI rose less than the expected 0.1% YoY. Considering