Weak global activity data sends US dollar to six-month high, Aussie skids By Reuters

© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Alun John and Brigid Riley TOKYO/LONDON (Reuters) – Jitters about global growth, particularly in China, caused the safe-haven U.S. dollar to hit multi-month highs on the Japanese yen, euro and pound on Tuesday and sent the dollar

US Futures Mixed While Nikkei 225 Remains in Uptrend

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts ​​​Dow steady above 50-day MA ​US markets return from their break, with the Dow’s bounce having stalled since last week. ​Friday’s session witnessed the index attempting to push higher but running out of momentum. So far it is

GBPUSD Technical Analysis – The sellers remain in control

US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation measures since then showed further disinflation. The labour market displayed signs of softening although it remains fairly tight. Overall, the economic data

A Tale of Two Patterns

POUND STERLING ANALYSIS & TALKING POINTS Upbeat BRC retail sales unable to deter market focus on China. UK PMI to drive GBP/USD later today. Head & shoulders vs falling wedge. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound is now back below the 1.2600 handle once more despite

Asia FX dips on weak China data, Aussie slides as RBA holds rates By Investing.com

Investing.com– Most Asian currencies fell on Tuesday as Chinese service sector data pointed to more headwinds for the region’s largest economy, while the Australian dollar fell sharply after the Reserve Bank kept rates steady, as expected. The U.S. dollar steadied near three-month highs before a slew of Federal Reserve speakers this week. While the greenback

Russia S&P Global Services PMI increased to 57.6 in August from previous 54

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