July 14, 2023 7:43 am
Key points AUD/USD near fresh 1-month peak, set for best week since November Easing US inflation bolsters investor bets that US interest rates may soon peak Aussie shows little reaction to Michele Bullock’s appointment as RBA Governor The Australian Dollar was holding gains against its US counterpart on Friday and looked set to register its […]
Read moreJuly 13, 2023 12:25 pm
Key points WTI Crude extends gains from earlier in the week US inflation data suggests Fed nearing end of policy tightening Oil demand to reach record high this year – IEA Futures on US West Texas Intermediate Crude Oil extended gains on Thursday, after the latest US CPI inflation data suggested interest rates were nearing […]
Read moreJuly 13, 2023 9:20 am
Key points USD/ZAR retreats for 5th day, hovers above 12-week trough South Africa mining data for May awaited for clues over economic health The South African Rand advanced for a fifth straight trading day on Thursday against the US Dollar, reaching a 12-week peak, ahead of South Africa mining production data release. Yesterday the South […]
Read moreJuly 13, 2023 7:24 am
Key points USD/CHF just above lows last seen in January 2015 US headline, core CPI inflation slows to levels unseen since 2021 US inflation data prints add to expectations of Fed rate peak in July USD/CHF registered a fresh 8 1/2-year low on Thursday, after market players considered a surprisingly slow US CPI inflation as […]
Read moreJuly 12, 2023 12:39 pm
Key points JPMorgan to lay off 63 employees in Jersey City, works to redeploy them Shares up 9.9% year-to-date after 2022 drop According to a Worker Adjustment and Retraining Notification issued Tuesday, JPMorgan Chase, the largest US lender, intends to lay off 63 employees in Jersey City, New Jersey. The reductions are expected to be […]
Read moreJuly 12, 2023 9:53 am
Key points USD/INR extends losses, but may find support within 82.20-82.30 area US, India CPI inflation figures eyed for clues over monetary policy India’s Rupee extended gains from early this week against the US Dollar ahead of US and India CPI inflation figures, but upside was seen as limited. The Rupee has reached a resistance […]
Read moreJuly 12, 2023 7:56 am
Key points NZD/USD trades not far from 1-month peak RBNZ holds interest rates in July after 12 successive hikes US CPI inflation report in focus The New Zealand Dollar touched a fresh one-month high against its US counterpart on Wednesday, after the Reserve Bank of New Zealand left the official cash rate without change at […]
Read moreJuly 11, 2023 12:07 pm
Key points WTI Crude with sizable gains OPEC+ supply cuts, weaker US Dollar support market H2 demand prospects also favor oil prices Futures on US West Texas Intermediate Crude Oil edged higher on Tuesday, supported by a weaker US Dollar, supply cuts by top oil exporters and prospects of stronger demand in developing nations during […]
Read moreJuly 11, 2023 9:27 am
Key points GBP/AUD at levels not seen since May 2020 Robust wage growth in UK puts more pressure on BoE to keep raising rates NAB business confidence index improves in June The British Pound rose to a fresh 38-month high against the Australian Dollar on Tuesday, as higher-than-expected wage growth in the UK mounted more […]
Read moreJuly 11, 2023 7:35 am
Key points USD/ZAR pulls back from Friday’s 1-month high South Africa manufacturing and mining data for May awaited for clues over economy The South African Rand extended a pullback from last week’s 1-month low on Tuesday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the […]
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