Asia FX sinks, dollar hits five-week high as U.S. inflation rises By Investing.com

[ad_1] © Reuters Investing.com — Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates. Concerns over worsening economic conditions in China also kept sentiment towards Asian assets dim, especially amid reports of

AUD/USD stays defensive around 0.6500 as RBA Minutes, China/US statistics loom

[ad_1] Share: AUD/USD struggles to defend the bounce off YTD low despite probing five-day losing streak ahead of multiple data/events. Fears surrounding China, firmer US Treasury bond yields weigh on Aussie pair. RBA Minutes need to defend hawkish interest to recall AUD/USD buyers. China Industrial Production, Retail Sales will be eyed closely amid

Bearish Engulfing Confirmed, Retail Bets Start Shifting Balance

[ad_1] Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices weakened over the past couple of days Retail traders are beginning to increase upside exposure Meanwhile, a Bearish Engulfing was confirmed, where to? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast WTI crude oil prices have been aiming

EUR/GBP, GBP/USD Remain Rangebound as GBP Faces a Defining Week

[ad_1] GBP PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast Read More: EUR/USD Eyes Short-Term Retracement as DXY Runs Into Confluence Area GBP has struggled over the past few weeks since retreating from recent highs. The GBPUSD and EURGBP have remained rangebound as market participants remain unclear on the Bank

EUR/GBP loses the 20-day SMA ahead of key British economic data

[ad_1] Share: EUR/GBP declined for a second consecutive day, and fell towards 0.8605, below the 20-day SMA. All eyes are now on labour market and inflation data from the UK. The Eurozone will release its preliminary Q2 GDP report on Wednesday. At the start of the week, the EUR/GBP fell below the 20-day