Oil surged in the hours following the news yesterday: Hamas leader Ismail Haniyeh was killed in Tehran Hamas says that the assassination of Ismail Haniyeh is a dangerous escalation Eyes are on the Middle East in the wake of this news, and oil gained ground. Separately, a report from Bank of America says: “Oil prices […]
Aussie remains weak after CPI data from Australia. The Fed held rates steady as expected and Powell gave clear clues on the next steps. Divergences between the RBA and Fed might bail out the Aussie. The Aussie continues to underperform on Wednesday as markets digest mixed inflation data from Australia. A slightly softer outlook from […]
The EURUSD has continued its move to the downside and currently is printing new session lows for the day and testing the 50% midpoint of the move up from the June 26 low. Earlier today, the low price reached 1.08059. The 50% midpoint comes in 1.08061. The price just reached a new day low of […]
The flash estimate for HICP inflation showed an unexpected but marginal rise in headline inflation in July, to 2.6% from 2.5% in June. Core inflation held steady at 2.9%, against our expectations for a fall to 2.7%, ABN AMRO senior economist Bill Diviney notes. Inflation disappoints in July, but silver linings below the surface “Looking […]
By Jamie McGeever ORLANDO, Florida (Reuters) – Japanese and Chinese monetary policy is diverging, meaning other Asian currencies may now also be at a crossroads. Do currencies, such as the South Korean won, Indian rupee and Indonesian rupiah take their cue from a firming yen being supported by expectations of policy tightening from the Bank […]
Gold, Oil Rally Sharply as Middle East Tensions Escalate: US FOMC, NFPs Near Gold rallies on haven bid as Middle East tensions escalate. Oil jumps on supply fears. FOMC meeting later today may cement a September rate cut. Recommended by Nick Cawley Trading Forex News: The Strategy For all high-importance data releases and events, see […]
Prior was 150K (revised to 155K) Annual pay growth for job-stayers slowed to 4.8%, lowest in 3 years, down from 5.0% prior Job-changers’ pay gains dropped to 7.2% from 7.7% More details: Goods-producing sectors added 37K jobs, with construction leading at +39K Services sectors added 85K, led by trade/transportation/utilities at +61K Professional/business services saw notable […]
The Pound Sterling declines to near 1.2825 against the US Dollar ahead of the Fed, BoE policy decisions outcome. Firm speculation for BoE rate cuts on Wednesday has weighed heavily on the Pound Sterling. The US Dollar slumps as the Fed is expected to deliver a dovish guidance on interest rates. The Pound Sterling (GBP) […]
By Kevin Buckland TOKYO (Reuters) – Japanese authorities spent 5.53 trillion yen ($36.8 billion)intervening in the foreign exchange market this month to pull the yen off 38-year lows, official data showed on Wednesday. The Ministry of Finance figures confirmed the suspicions of traders and analysts following sharp yen spikes over July 11 and 12 that […]
Investing.com – The U.S. dollar slipped lower Wednesday ahead of the conclusion of the latest Federal Reserve rate-setting meeting, while the Japanese yen soared after the Bank of Japan tightened its monetary policy. At 05:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% lower […]
Bank of Japan, Yen News and Analysis Bank of Japan hikes rates by 0.15%, raising the policy rate to 0.25% BoJ outlines flexible, quarterly bond tapering timeline Japanese yen initially sold off but strengthened after the announcement Recommended by Richard Snow Get Your Free JPY Forecast BoJ Hikes to 0.25% and Outlines Bond Tapering Timeline […]
By Rae Wee SINGAPORE (Reuters) -The yen jumped in the wake of comments from Bank of Japan (BOJ) Governor Kazuo Ueda at a press conference after the central bank raised interest rates and unveiled a plan to taper its huge bond-buying programme. The yen strengthened more than 1% to hit an intraday high of 150.61 […]
