United States CFTC Oil NC Net Positions: 255.9K vs 241.9K . لینک منبع : هوشمند نیوز
Prior was 71.6 Current conditions 77.4 vs 76.9 expected (76.6 prior) Expectations 67.3 vs 68.1 expected (68.3 prior) 1-year inflation 3.3% vs 3.4% prior 5-10 year 2.9% vs 3.0% prior I don’t have much use for this survey. It was pointing to a severe drop in consumer spending late last year and the consumer has
Share: The EUR/JPY traded in the red below the 159.00 area after five consecutive days of gains. The cross closed Friday with 1.65% weekly gains, trading in highs since 2008. Focus shifts to the Eurozone and Japan’s GDP for Q2, which will be released the following week. In Friday’s session, the EUR/JPY traded
In a mostly quiet volatility week, our strategy discussions arguably went well, including strong bullish moves in USD/JPY and GBP/NZD. Let’s do a quick review and see how the strategies played out! USD/JPY 2-Hour Forex Chart by TV On Monday, our strategists pulled up on USD/JPY, wondering if the fresh decline in the pair was
Monday: Fed’s Bowman (hawk – voter) delivered hawkish comments over the weekend as she leans towards more rate hikes: We should remain willing to raise rates at a future meeting if data show inflation progress has stalled. In considering further rate hikes and how long to keep rates restrictive, consistent drops in inflation will be
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below
The market is showing high sensitivity to anything touching inflation at the moment. The University of Michigan’s consumer sentiment survey was slightly stronger at 71.2 compared to 71.0 expected but the market may be cheering the improvement in inflation expectations, as the one-year metric fell to 3.3% from 3.4% and the 5-year metric to 2.9%
Share: Pound Sterling faces selling pressure despite the UK economy turning out more resilient in June than expected. Upbeat United Kingdom factory data showcase optimism among producers in spite of a highly-inflated price environment. Monthly Industrial and Manufacturing Production data grew by 1.8% and 2.4% in June, respectively. The Pound Sterling (GBP) seems to be
Closing changes: Stoxx 600 -1.0% German DAX -0.9% UK FTSE 100 -1.2% French CAC -1.2% Italy MIB -1.0% Spain IBEX -0.7% On the week: Stoxx 600 flat German DAX -0.7% UK FTSE 100 -0.5% French CAC +0.4% Italy MIB -1.0% Spain IBEX +0.7% There’s a doji star on the weekly Stoxx 600 chart. Stoxx 600
Share: Gold weakness has extended back to key support at $1,898/1,893 but strategists at Credit Suisse continue to look for a floor here. Weekly close below $1,893 would reinforce the longer-term sideways range We look for key support and the 38.2% retracement of the 2022/2023 uptrend, 200-DMA and June low at $1,900/$1,891 to
