Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is firmer on broad US Dollar (USD) weakness and stronger-than-expected Eurozone August Purchasing Managers' Index (PMI) data. Elias Haddad highlights the comp…
Read more →USD/JPY trades around 158.85 on Friday at the time of writing, edging lower after rebounding from the 158.00 level on Thursday. The pair remains under pressure as the Japanese Yen (JPY) benefits from fresh inflation dat…
Read more →Norman Liebke at Commerzbank warns that low European gas storage, suspended LNG exports from Qatar and the end of the refilling phase are keeping European gas prices elevated. The TTF benchmark is already above EUR 65 p…
Read more →Global bond selloff persists as government buybacks fail to ease fiscal worries, leaving 10-year and 30-year yields near multi-year highs and debt-to-GDP ratios above 100% in several major economies. Higher yields are r…
Read more →Gold (XAU/USD) is heading for a third consecutive weekly gain on Friday, extending an impressive rally that has lifted the precious metal by around 13% so far this month. At the time of writing, XAU/USD trades around $4…
Read more →This week's US Treasury intervention in the bond market has caused much furore amongst the buy and sell-side financial community alike. We see the move more as a signalling tool that the US Treasury has a problem with h…
Read more →MUFG’s Derek Halpenny sees a tension between aggressive Reserve Bank of New Zealand (RBNZ) tightening expectations and increasingly stretched short positioning in the New Zealand Dollar (NZD). While softer labour-market…
Read more →Hyundai Motor's South Korean union staged its first full strike in a decade on Friday, following stalled wage negotiations. The action, organized by the Korea Metal Workers Union, includes workers at Hyundai, affiliate …
Read more →The USD/CAD pair remains under some selling pressure for the third consecutive day and trades near a three-month low, just above mid-1.3700s during the first half of the European session on Friday. Spot prices remain on…
Read more →Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone expands surprisingly at a faster pace to 52.8 in August from 51.9 in July. Manufacturing activity was anticipated to expand at a moderate p…
Read more →Chris Turner at ING explains that USD/CHF’s sharp drop after the US Treasury buy-back announcement was mainly position adjustment after a hawkish Fed narrative had favoured longs. If Treasury support is risk-positive, l…
Read more →DBS Group Research economist Chang Wei Liang notes that the Dollar has firmed slightly as US Treasury yields recover, with DXY consolidating near 99.00 after the US Treasury expanded long-end bond buybacks. He argues bu…
Read more →Dow Jones futures gain 0.13% to trade above 52,900 during European hours on Friday. Meanwhile, S&P 500 futures remain up by 0.18%, to trade near 7,680, and Nasdaq 100 futures advance by 0.38% to trade above 29,400.
Read more →Gold (XAU/USD) builds on its breakout momentum above a technically significant 200-day Simple Moving Average (SMA) and climbs further beyond $4,550, hitting a fresh high since early June during the early part of the Eur…
Read more →Brent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. Both benchmarks had jumped more than 5% on Monday, hitting their highest levels …
Read more →US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC r…
Read more →Gold price (XAU/USD) edges higher to around $4,530 during the early Asian session on Friday. The precious metal rebounds after earlier falling following the US President Donald Trump administration’s unexpected decision…
Read more →Japan’s National Consumer Price Index (CPI) climbed by 2.0% YoY in July, compared to the previous reading of 1.7%, according to the latest data released by the Japan Statistics Bureau on Friday.
Read more →The GBP/JPY advanced over 0.72%, refreshing a 14-day high of 216.90, with buyers eyeing a breakout above 217.00, which could open the door to a retest of the yearly highs hit in mid-July. The pair trades at 216.73 after…
Read more →The Australian Dollar retreated against the Greenback on Thursday as US bond yields resumed their advance, despite the US Treasury's efforts to cap elevated yields following its announcement of a long-end bond buyback p…
Read more →The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.0 in August versus 52.0 prior, the latest data published by S&P Global showed on Friday.
Read more →USD/JPY trades near 159.00 late in the session, 0.5% higher on the day and a little over a point clear of a rising 200-day Exponential Moving Average (EMA) near 158.00. The pair has spent three weeks rebuilding what a c…
Read more →GBP/USD trades just beneath 1.3650 late in the session, 0.2% higher on the day and at its highest level in more than four months. The pair sits close to 200 pips above a rising 50-day Exponential Moving Average (EMA) ne…
Read more →EUR/USD Weekly Update — Premium Rejection Begins to DeliverLast week I published this same higher-timeframe framework before the current move developed. Now we’re simply auditing the thesis against price. The Weekly str…
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