GBP/JPY Hits 183.00, a Level Unseen Since December 2015; Recession Fears Curb Gains On Tuesday, during the early European trading session, the GBP/JPY pair rose to 183.00, a level not seen since December 2015. However, traders are waiting for a
US Markets See Lower Close in Quiet Trading; Big Tech Pullback Impacts Nasdaq US indices showed varied performance in a subdued trading session. The Nasdaq index experienced a decline of over 1% as Big Tech companies retreated, making it the
EUR/USD Remained Steady Amid Market Uncertainty The risk-off sentiment that dominated Friday’s market carried over into the European trading week, influenced by recent Russian unrest and a decline in German business sentiment. This decline was anticipated following last week’s disappointing
Japan’s Top Currency Diplomat Warns Against Weakening Yen Masato Kanda, Japan’s leading currency diplomat, has raised concerns over the weakening yen, asserting that Japan will contemplate all possible measures to address excessive currency fluctuations. Kanda stressed the importance of stable
Inflation and Recession Worries Take Center Stage This Week US The US Federal Reserve (Fed) is anticipated to end its rate-hiking campaign shortly. Attention will turn to Personal Consumption Expenditures (PCE) readings, hoping for a decline in inflation. A decrease
USD/CHF: Bears target mid-0.8900s as USD pulls back before inflation hints During Monday’s European trading session, the USD/CHF currency pair is witnessing a downward trend, hovering around 0.8950, marking its first daily decrease in three days. This decline is primarily
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions The German economy experienced a marked loss of momentum during the latter part of the second quarter, according to the latest ‘flash’ PMI survey conducted by Hamburg Commercial Bank.
Yen Traders Monitor Verbal Intervention Possibilities as Weakness Persists Tokyo’s foreign exchange (FX) traders are keeping a close eye on official statements as the Japanese yen (JPY) continues to weaken, nearing levels that prompted government intervention last year to support
Dollar Exhibits Initial Indications of Bottoming Yesterday, several central banks, including the Bank of England, Norges Bank, Swiss National Bank, and the Central Bank of Turkey, took center stage as they grappled with higher-than-expected inflation. This inflation surge was partly
Trade Deficit in New Zealand Grows Despite Boost in China Exports Despite a boost in exports to China, New Zealand’s trade deficit broadened in May. The deficit increased from NZ$17.02 billion to NZ$17.12 billion, falling just short of economists’ prediction
GBP/USD Holds Above Mid-1.2700s, Lacks Intraday Trend Before BoE Decision During Thursday’s Asian session, the GBP/USD pair is confined to a tight range above the mid-1.2700s as traders anticipate the Bank of England (BoE) policy decision. The pair’s movement remains
US Yields Climb as Fed’s Powell Reinforces Commitment to Addressing Inflation Following Federal Reserve Chair Jerome Powell’s speech, which reinforced the central bank’s dedication to addressing inflation and achieving the 2% target, US Treasury yields experienced a rise. The yield
