Chinese Yuan (CNH) Sees Muted Reaction Following PBoC Rate Cut
As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.
Gold Price (XAU/USD) Struggling to Break Meaningfully Higher
Gold’s recent move higher is coming under pressure and the near-term outlook may turn negative if short-term trend support fails.
British Pound Down on Soft UK GDP Data. Is GBP/USD Topping?
The British Pound fell as May’s UK GDP report fell short of expectations, reinforcing a recent dovish shift in Bank of England policy bets. GBP/USD may be forming a major top.
Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities
Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.
AUD/USD Bears May Remain In Control as Chinese CPI Disappoints
AUD/USD remains under pressure as commodities retreat. Fed hawkishness spurs further gains for USD as China looks set for additional easing.
Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?
Wall Street stocks pulled back broadly on Thursday as viral concerns casted a shadow over the growth outlook. 10-year Treasury yields fell to a 4-month low as reflation hopes faded, setting a sour ...
Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed
Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.
Mexico’s High Inflation Opens Door to More Rate Hikes, Mexican Peso Outlook Brightens
Banxico may have to raise interest rates several times in the second half of the year to combat elevated inflation. Tighter monetary policy is likely to support the Mexican peso.
Oil Price Rebound Emerges as US Inventories Contract for Eighth Week
The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks.
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
The ECB’s July meeting is set to convene in two weeks, coming on the heels of its 18-month policy review that concluded on Thursday.