[ad_1] Share: China’s economic indicators signal distress, with weak retail sales, plunging imports/exports, and Evergrande’s bankruptcy filing. US Federal Reserve minutes highlight commitment to 2% inflation target but voices caution against overtightening. Traders eye upcoming S&P Global PMIs in Australia and a slew of US data, including Powell’s Jackson Hole speech, for directional
[ad_1] Share: UK Retail Sales for July disappoint with a -1.2% MoM drop, surpassing the anticipated -0.5% decline. Strong UK GDP readings and high wages keep BoE rate hike expectations alive, with a 6% peak on the Bank Rate anticipated. Eyes on upcoming PMIs, housing data, and Fed Chair Jerome Powell’s speech for
[ad_1] Share: AUD/USD gains positive traction on Friday and snaps an eight-day losing streak to the YTD low. Hope for more stimulus from China prompts intraday short-covering amid a mildly weaker USD. The Fed’s hawkish outlook and looming recession risks limit the USD losses and cap the major. The AUD/USD pair builds on
[ad_1] Share: Global market sentiment is cautious, with equities declining and bond yields rising, as investors anticipate further monetary tightening by central banks. July’s Fed minutes reveal a unanimous decision for a rate hike but growing caution among board members about potential over-tightening. US data: Initial Jobless Claims slightly better than expected at
[ad_1] Share: EUR/USD regains traction after bottoming out near 1.0860. Further recovery should initially target the mid-1.0900s. EUR/USD reverses four consecutive sessions of losses and regains the area beyond 1.0900 the figure on Thursday. If the rebound gathers extra steam, it could encourage the pair to dispute the interim 55-day SMA at 1.0951
[ad_1] Share: NZD/USD takes offers to refresh yearly low during eight-day downtrend. Oversold RSI, key technical levels can challenge Kiwi bears. Corrective bounce can aim for May’s bottom but remains elusive below 0.6045. NZD/USD bears keep the reins for the eighth consecutive day as they refresh the yearly low to 0.5902 amid early
[ad_1] Share: Fed officials unanimously aim for the 2% inflation target, but divisions arise on the next steps. The US Dollar Index (DXY) reflects the greenback’s strength, rising 0.29% to 103.497, supported by rising US Treasury bond yields. USD/CAD’s bullish momentum is evident as it trades above the 200-day Moving Average, with key
[ad_1] Share: NZD/USD rose to a high of near 0.6000 but settled near 0.5950. RBNZ held rates steady at 5.5% as expected but sounded hawkish. Investors await key FOMC minutes for forward guidance. On Wednesday, the NZD/USD traded strongly following the Reserve Bank of New Zealand (RBNZ) decision but failed to maintain its momentum
[ad_1] Share: AUD/JPY faces resistance from Tenkan and Kijun-Sen lines, currently trading just above at 93.93. Downside potential targets include the bottom of the Ichimoku Cloud at 93.45 and the 93.00 psychological level. On the upside, reclaiming 94.00 could see challenges at the August 15 high (94.86) and the Kumo top near 95.00/05.
[ad_1] Share: NZD/USD trades with losses below 0.6000, its lowest in nine months. China reported weak Retail Sales and Industrial Production data from July. American Retail Sales from the US were higher than expected. In Tuesday’s session, the NZD/USD traded lower, mainly driven by China’s fragile economic situation. On the other hand, the USD,
