Asia FX under pressure, Aussie sinks as RBA holds rates By Investing.com

© Reuters. Investing.com — Most Asian currencies moved in a tight range on Tuesday as anticipation of key U.S. data this week boosted the dollar, while the Australian dollar slumped as the Reserve Bank held interest rates steady.  The greenback saw increased bids in Asian trade as overnight data showed that U.S. credit conditions were

Bears attack 182.00 with eyes on BoE Interest Rate Decision

Share: GBP/JPY stays pressured after reversing from three-week-old ascending resistance line. Downbeat oscillators, fears of BoE’s dovish hike direct sellers toward previous resistance line. Buyers need validation from BoE Governor Andrew Bailey and yearly high marked in July to retake control. GBP/JPY holds lower grounds near 182.00 after snapping a three-day uptrend the

FTSE 100 and Dax Weaken Sharply, Dow Losses Remain Contained​​​​

Article by IG Chief Market Analyst Chris Beauchamp FTSE 100, DAX 40, Dow Jones Analysis, Prices and Charts Recommended by IG Traits of Successful Traders ​​​FTSE 100 sheds more ground ​The index fell back on Tuesday, once again unable to move above 7700. ​This could spell the beginning of a more substantial pullback. The 200-day

Brazil central banks cuts its benchmark rate by 50bp (vs. 25bp cut expected)

Brazil’s central bank, Banco Central do Brasil​, has cut its benchmark rate, Selic target rate, by 50 basis points. The consensus was for a 25bp cut. The Bank says that 25 was considered but the improvement in inflation dynamics was enough for a 50 point move: the current situation demands serenity and moderation in the

NFP Data to Shape Gold, US Dollar, and S&P 500’s Outlook

JULY NONFARM PAYROLLS REPORT The U.S. Bureau of Labor Statistics will release the July employment survey on Friday The U.S. economy is expected to have added 200,000 jobs last month, following a gain of 209,000 jobs in June. The strength of the report relative to market expectations will determine the outlook for gold and the

Russian rouble tumbles to over 16-month low past 94 vs dollar By Reuters

© Reuters. FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Saint Petersburg, Russia July 9, 2023. REUTERS/Anton Vaganov/File Photo By Alexander Marrow (Reuters) – The Russian rouble tumbled over 2% to a more than 16-month low past 94 against the dollar on Wednesday, pressured by political risk, falling oil prices and concerns the

Pound Sterling prints a fresh three-week low amid cautious sentiment

Share: The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, August 3 at 11:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 10 major banks. Read More…   The Pound Sterling (GBP) remained subdued on Wednesday as investors await the

BoJ Minutes, US Credit Downgrade Cools Yen Selloff

Japanese Yen (USD/JPY, EUR/JPY) Analysis The yen claws back some losses after BoJ minutes and clarity from Deputy Governor Uchida on the intention of recent yield curve adjustment USD/JPY heads lower after BoJ meeting and US credit downgrade EUR/JPY advance stalls ahead of potential triple top The analysis in this article makes use of chart

EURUSD finds support neat 100 day MA and finds some buying interest

EURUSD holds support at the 100 day MA AGAIN The EURUSD has been stepping down today, and the focus for the pair was looking at its 100-day moving average (blue line currently at 1.09132). Recall that back in early July, the price approached that moving average on July 6 and found willing buyers (see chart