© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was subdued on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen languished near levels that triggered
GOLD FUNDAMENTAL OUTLOOK Gold prices advance on Monday, supported by U.S. dollar softness and mostly lower U.S. Treasury yields The U.S. employment report, due for release later in the week, will set the tone for precious metals and the U.S. currency in the near-term This article looks at key XAU/USD’s technical levels to watch in
Wall Street managed to get through the Jackson Hole Symposium unscathed (DJIA +0.73%; S&P 500 +0.67%; Nasdaq +0.94%), despite a hawkish takeaway from Fed Chair Jerome Powell last Friday. The general view may be that market participants were already priced for a hawkish outcome in the lead-up to his speech, which allows room for some
Australia’s manufacturing industry has been in decline for six consecutive months, a situation which is still ongoing. The manufacturing PMI declined slightly from 49.6 in July to 49.4 in August. Expectations were low due to reduced new orders, resulting in reduced production and no indication that global demand is picking up. Deflation and economic failure
© Reuters. Investing.com– Most Asian currencies rose on Thursday, taking some relief from weakness in the dollar and Treasury yields as focus remained largely on more cues on U.S. monetary policy from the Jackson Hole Symposium. Weak purchasing managers’ index data saw the dollar fall from an over two-month peak in overnight trade, while Treasury
USD/CAD PRICE, CHARTS AND ANALYSIS: The Loonie Arrests Slump Largely Thanks to Weak US PMI Data. More Weakness Ahead for the Canadian Dollar? Core Retail Sales Data Paints a Worrying Picture for the Canadian Economy. Market Participants Are Now Pricing in a Chance of Steeper Rate Cuts in 2024 from the US Federal Reserve. To
USD/JPY News and Analysis Bonds rise after terrible PMI data weakens the global growth outlook IG Client Sentiment favors a continuation of the longer-term trend Enter Jackson Hole – the focal point of this week The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit
© Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The euro fell to a more than two-month low against the dollar and a 12-month low against the pound on Wednesday after survey
Number of traders net-short has decreased by 19.91% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Oil – US Crude BEARISH 50.02% 49.98% 11.91% Daily 8.40% Weekly -11.99% Daily -19.91% Weekly -1.46% Daily -7.87% Weekly of clients are net long. of clients are net short. Change
Number of traders net-short has decreased by 33.39% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Wall Street BEARISH 50.13% 49.87% 39.54% Daily 89.82% Weekly -6.80% Daily -33.39% Weekly 11.82% Daily -1.26% Weekly of clients are net long. of clients are net short. Change in Longs
