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

© 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 a

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

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 economic

Reserve Bank of New Zealand meet Wednesday – on hold expected – preview

Coming up at 2pm New Zealand time on Wednesday, 16 August 2023 is the RBNZ policy decision. 0200 GMT and 10pm US Eastern time (on Tuesday, 15 August 2023) RBNZ Governor Orr’s press conference will follow an hour later Preview comments via ANZ: We expect the RBNZ will leave the OCR unchanged at 5.50%, reiterating

Bearish Engulfing Confirmed, Retail Bets Start Shifting Balance

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 cautiously

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

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 of

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

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 Simple