The British pound has slightly lower on Friday. GBP/USD is trading at 1.2922 in the North American session, down 0.17% on the day.
19-07-2024 10:29 GMT
by Kenneth Fisher
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The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing.
19-07-2024 06:05 GMT
by Kenneth Fisher
Japanese authorities have not confirmed whether they have intervened in the market to support the Yen.
USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level.
Price Action outlook and potential setups on USD/JPY and GBP/JPY.
Most Read: EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff
Fundamental Overview
The Japanese Yen is enjoying a stellar week thanks in part to optimism around wage growth as well as rising rate cut optim
18-07-2024 10:09 GMT
by Zain Vawda
The euro has edged lower on Thursday. Early in the North American session, EUR/USD is trading at 1.0919, down 0.18% on the day.
18-07-2024 09:50 GMT
by Kenneth Fisher
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing.
Job growth shines but unemployment rises
Australia’s employment report for June was a mix, leaving investors scratching the heads.
18-07-2024 06:09 GMT
by Kenneth Fisher
The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6743 early in the North American session, up 0.08% on the day.
Australia releases the June employment report early on Thursday.
17-07-2024 09:56 GMT
by Kenneth Fisher
The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion.
The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF.
Watch the 0.9780 key short-term resistance on the EUR/CHF.
17-07-2024 08:22 GMT
by Kelvin Wong
Eurozone inflation remained stable at the end of Q2 2024, with core inflation for services and non-energy goods unchanged at 4.1% and 0.7% respectively.
EU services inflation remains persistently high and is unlikely to decrease significantly in the near future. A challenge for the ECB?
EUR/USD is approaching a key resistance zone around 1.0950 ahead of the ECB meeting, which could be pivotal for sustained bullish momentum.
Most Read: Gold (XAU/USD) Hits Record High of $2465/oz Despite Positive
17-07-2024 06:39 GMT
by Zain Vawda
The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day.
17-07-2024 05:44 GMT
by Kenneth Fisher
Gold prices reach a new record high of $2465/oz, driven by post-CPI and rate cut optimism.
Despite a resurgent US Dollar, gold's upward momentum remains strong, briefly dipping before rallying to new highs.
June's US retail sales figures and an upward revision of May's data had minimal impact on gold's rally and market expectations for Fed rate cuts.
16-07-2024 12:17 GMT
by Zain Vawda
The New Zealand dollar has posted sharp losses for a second successive day. NZD/USD is trading at 0.6042 in the North American session, down 0.54% on the day at the time of writing.
16-07-2024 11:52 GMT
by Kenneth Fisher
The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.03% on the day at the time of writing.
Canada’s CPI lower than expected
Canada followed the US and posted a better-than-expected inflation report for June.
16-07-2024 10:26 GMT
by Kenneth Fisher
The Japanese yen has edged lower on Tuesday. USD/JPY is trading at 158.42 in the European session, up 0.28% on the day at the time of writing.
BoJ likely intervened after US inflation report
The Bank of Japan has been playing a cat-and-mouse game with currency speculators looking to take advantage of the yen’s descent.
16-07-2024 06:59 GMT
by Kenneth Fisher
GBP/USD struggles to break above the 1.3000 level despite softer US data and a dovish comment from Fed Chair Powell.
UK inflation data will be crucial in determining whether GBP/USD can break above 1.3000.
Technical analysis suggests GBP/USD may struggle to break above 1.3000 due to option barriers and overbought RSI.
Most Read: Bitcoin (BTC/USD) Soars Amidst Surging ETF Inflows
Cable is hovering just below the psychological 1.3000 level, with Fed Chair Powell's remarks at the Economic Club of
16-07-2024 05:48 GMT
by Zain Vawda
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events. Firstly, the short term impact on global markets after last week's shocking assassination attempt on former US President Donald Trump which has increased his prospects of winning the ticket to the White House in this upcoming November's US Presidential Election according to betting markets.
16-07-2024 02:08 GMT
by Kelvin Wong
The euro keeps pushing higher and is up for a fourth straight day. EUR/USD is trading at 1.0913, up 0.34% on the day.
15-07-2024 11:31 GMT
by Kenneth Fisher
Weak China retail sales, Q2 GDP & the potential return of Trumponomics sparked today’s sell-off seen on the Hang Seng Index.
The Hang Seng Index is still trading above its 17,110 key medium-term support.
Direct fiscal stimulus measures to jumpstart consumer spending in China if announced in the Third Plenum may trigger another round of short-term upmove on the Hang Seng Index.
15-07-2024 08:40 GMT
by Kelvin Wong
The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European session, down 0.35% on the day at the time of writing.
New Zealand Services PMI slips
The week started on a sour note in New Zealand as the Services PMI eased to 40.2 in June, down from 42.6 in May, missing expectations and decelerating for a fourth straight month.
15-07-2024 05:42 GMT
by Kenneth Fisher
US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market.
The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of higher rates on the economy.
In the UK, inflation data is due on Wednesday, and while headline CPI dipped below 2% in June, it is expected to rise again in the second half of the year.
12-07-2024 13:13 GMT
by Zain Vawda
The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing.
New Zealand dollar showing big swings
It has been a volatile few days for the New Zealand dollar.
12-07-2024 06:16 GMT
by Kenneth Fisher