Share: The USD/CAD is recovering for Friday after slipping to 1.3425. Rising oil prices are bolstering the CAD, but the USD has been finding market support. Canadian Retail Sales rose for July, but slightly less than expected, reducing CAD upside. The USD/CAD is set to finish out Friday near where it started, trading
Share: The EUR/GBP made a late-week break for the 0.87 handle. The Pound Sterling continues to give up ground after a dovish BoE shrank from rate hikes, EU PMI figures came in mixed, keeping Euro gains restrained. The EUR/GBP stretched for the 0.8700 major handle in Friday trading, closing the week with over
Share: The USD/JPY is seeing recovery on Friday into the top end of the week’s trading. The BoJ maintained its negative rate policy regime, as markets broadly expected. US PMIs came in mixed, capping any decisive moves for the Greenback. The USD/JPY is set to close out the trading week just south of
Share: EUR/USD spends Friday trading into familiar territory. US PMIs kept the USD capped with a mixed print. USD on track to close out with weekly gains, but capped for the end of the week. The EUR/USD is trading into neutral ground heading into the end of the trading week, testing well-trodded ground
Share: AUD/USD is up 0.51%, benefiting from the overall weakness of US Dollar. Despite hawkish remarks from various Fed officials, the US Dollar remains subdued, with the DXY showing modest gains at 105.55. Solid PMIs in Australia and considerations of rate hikes by the RBA support the AUD. Key economic data scheduled for
U.S. DOLLAR ANALYSIS & TALKING POINTS ISM services PMI increases Fed rate hike probability. Services prices increase pushes reflation narrative. EUR/USD on the cusp of a downside breakout below 1.07. Recommended by Warren Venketas Get Your Free USD Forecast DOLLAR FUNDAMENTAL BACKDROP US ISM services PMI numbers (see economic calendar below) surpassed forecasts on all
Share: GBP/USD licks its wounds after refreshing three-month low. 10-week-old descending support line, sluggish MACD signals and the below-50 RSI favor corrective bounce. Convergence of 100-EMA, 38.2% Fibonacci ratio guards immediate recovery of Cable pair. Pound Sterling traders seek directions from US ISM Services PMI amid light calendar at home. GBP/USD portrays a
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China’s Country Garden has paid coupons of USD22.5mn – avoids default European Central Bank President Lagarde speaking again today, Schnabel, de Guindos also China’s Country Garden seeking to extend payments of another 7 onshore bonds by 3 years AUD, NZD, CNH all down: China PMI disappoints, worries re Country Garden potential default Chinese developer Country
