Share: Italian Prime Minister Giorgia Meloni crossed wires early Monday while giving an interview to the local newspaper, per Reuters. In doing so, the Italian leader took full responsibility of the early-month announcements of windfall tax on bank by terming it a serious matter. The policymaker also ruled out chatters about alliances for
Japanese Yen, USD/JPY, US Dollar, Treasuries, JGBs, China, Commodities – Talking Points The Japanese Yen wilted today after the US Dollar resumed strengthening Treasury yields are outstripping JGBs today, adding to US Dollar lustre China’s outlook remains mired, impacting the region. Will that boost USD/JPY? Recommended by Daniel McCarthy Trading Forex News: The Strategy The
Despite the best efforts by Beijing to try and defend the yuan, it is on the verge of its lowest levels since November last year against the dollar. And that is indirectly dragging the aussie and kiwi lower today, alongside the more dour mood in equities. Asian stocks are selling off hard today, largely in
Market Recap The value-growth divide since the start of the month continued to play out last Friday, as market participants pare their exposure in US big tech and semiconductors, while value sectors held firm with a notable pull-ahead in the energy sector (+1.6%). Some unease were triggered by the upside surprise in US producer prices,
Share: Market sentiment remains sour on China debt woes, geopolitical fears. S&P500 Futures lick its wounds at the lowest level in a month during five-day downtrend. Treasury bond yields approach yearly tops marked earlier in August. Fears emanating from China’s Country Garden, Zhongrong Trust propel debt woes. The risk appetite remains downbeat during
Australian Dollar, AUD/USD, US Dollar, Treasuries, ACGB, RBA, Wages, Jobs – Talking Points The Australian Dollar is threatening to make new lows today Treasury yields have been supportive of the US Dollar AUD is trading at the foot of the range. Will AUD/USD find support? Trade Smarter – Sign up for the DailyFX Newsletter Receive
USD/JPY popped to a high above 145.20 earlier in the session but has since been slammed lower to circa 144.67. USD/JPY back around 145 has, of course, heightened the fear of Japanese authorities intervening to support they yen (and thus push USD/JPY lower). The most likely form of intervention at this stage would be verbal,
British Pound, GBP/USD, Descending Channel – Technical Update: British Pound clocked in a 4th consecutive weekly loss GBP/USD has also confirmed a key trendline breakout Descending Channel remains in focus on 4-hour chart Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound weakened about -0.4 percent against the US Dollar last week.
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