British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups: Still-hot UK wage growth hasn’t translated into higher GBP/USD yet. EUR/GBP is holding above vital support, frustrating bears. GBP/JPY continues to be well guided by a rising channel. What is the outlook and key levels to watch in select GBP crosses? Recommended by Manish
EUR/USD and EUR/JPY Forecast – Prices, Charts, and Analysis Euro Area q/q growth is nominal at best. EUR/USD eyes 1.0700 as the greenback remains better bid. The final Q2 Euro Area GDP release shows that the block of 19 countries has barely expanded over the last quarters. Data from Eurostat, the statistics office of the
The preliminary economic growth data for the second quarter of 2023 in Japan is here: Japan preliminary Q2 GDP +1.5% q/q (vs. expected +0.8%) Q2 GDP has been revised to +1.2% q/q and +4.8% y/y from +1.5% and +6.0% respectively The data confirms weak domestic demand with private consumption coming in at -0.6% q/q (the
Market Recap of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 6% -1% 1% Weekly 5% 3% 4% US indices started the week on a more subdued tone, with a jump in oil prices to a new 10-month high not providing much reassurances for the global inflation outlook.
AUD/USD, Australian Dollar, RBA, GDP – Talking Points: The Australian economy slowed in Q2, but less than expected. AUD/USD declined after the data release and is now testing key support. What’s next for AUD/USD? Recommended by Manish Jaradi Options for Beginners The Australian dollar fell against the US dollar after the Australian economy slowed in
Share: GBP/JPY stays defensive after two-day losing streak, bounces off one-week low. UK FinMin Hunt expects slower inflation despite September’s blip, challenging BoE rate hikes. Japan Monetary Base expands in August, suggesting need for hawkish BoJ. BoE Monetary Policy Report Hearings, Japan Q2 2023 GDP will be important for fresh impulse. GBP/JPY floats
Australian Dollar, AUD/USD, RBA, Lowe, Bullock, AU GDP, ASEAN, Range Trade – Talking Points The Australian Dollar bounced off some trend lines last week The RBA appears certain to be on hold tomorrow as the guard prepares to change GDP data and China relationships may provide some impetus. Higher AUD/USD? Recommended by Daniel McCarthy How
Share: The Canadian economy unexpectedly contracted during the second quarter, as indicated by data released on Friday. Analysts at CIBC point out that the decline in consumption is likely to hinder any future interest rate hikes by the Bank of Canada. Key Quotes: Forest fires may be taking a few decimal places off
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German Inflation Proves Stubborn, Narrowly Beating Forecasts Inflation in Germany proved hotter than expected, coming in at 6.1% vs 6% but down from last month’s print of 6.2%. Higher inflation in Europe complicates the ECB’s task particularly after ‘sources’ indicated that the committee is leaning more to the dovish end of the policy spectrum ahead
