Submitted Jul 3, 2024|From forex.com

A softer-than-expected ISM services report was the gift that Fed doves have been waiting for ahead of a key Nonfarm payroll report on Friday. It also made for a lively session on the eve of Independence Day, with liquidity expected to be much lower ...

Submitted Jul 1, 2024|From forex.com

Australia's uncomfortably high inflation report last week means there is a real risk the RBA could now hike rates by 25 basis points (bp) at their August meeting. Not only has the inflation rate been creeping higher this year, but its pace has also ...

Submitted Jun 21, 2024|From forex.com

Inflation reports are the main theme for next week, with figures set to be released from the US, Canada, Australia and Japan. Naturally, the US PCE inflation report sits at the top of the pile, but we’ll need to wait until Friday before it is ...

Submitted Jun 20, 2024|From forex.com

Soft US retail sales data has rekindled hopes that the Fed may have more leeway to cut rates sooner than they're letting on. This has provided a nice bounce for metals in Thursday's Asian session, with many now waiting to see if momentum can be ...

Submitted Jun 18, 2024|From forex.com

US yields and the dollar were lower on Tuesday as US retail sales came in softer than expected. Odds of a September cut rose to 61% from 56% ahead of the data and up from 46% one week ago – before last week's FOMC meeting. As a reminder, the Fed is ...

Submitted Jun 17, 2024|From cityindex.com

The Australian dollar rose against all FX majors except the Swiss Franc and New Zealand dollar. Although it handed back much of the gains earned earlier in the week and is lower against most currencies for the month of June. Ultimately, price on ...

Submitted Jun 11, 2024|From forex.com

Given the strong and broad gains gold saw from January through May, you'd be forgiven for assuming it was a one-way bet for bulls this year. The usual calls for $3000 emerged with each new record high, but they've quieted down amidst the recent ...

Submitted May 29, 2024|From forex.com

Weak demand for US 7-year treasuries sent Wall Street indices lower on Wednesday, on concerns that funding the US deficit will drive up yields alongside ‘higher for longer’ Fed rates. And that manifested with a higher US yields curve and a stronger ...

Submitted May 29, 2024|From forex.com|3 comments

Commodities have been on the rise this year, which is a serious threat to central banks looking to cut interest rates. If commodities are higher, it is only a matter of time before they get passed along the supply chain to the consumer. And that ...

Submitted May 28, 2024|From forex.com

On May 1st, we saw USD/JPY plunge nearly 500 pips from its daily high in what is thought to have been the second intervention from the MOF. While one could argue this goes against fundamentals and that it is futile for a central bank to fight them, ...

Submitted May 28, 2024|From forex.com

The US dollar index is currently down -1.7% in May, which has effectively seen it wipe off April’s gains and snap a 4-month rally. The last time the dollar rose for four months was just ahead of the 2022 high, and if history were to repeat it points ...