June 26, 2023 9:48 am
Key points USD/ZAR trades below Friday’s two-week peak Investors watching for potential ripple effects of the short-lived mutiny in Russia ZAR traders await key South Africa data The South African Rand strengthened against the US Dollar on Monday, with the USD/ZAR pair distancing from recent two-week peak, as market players were on watch for ripple […]
Read moreJune 26, 2023 7:27 am
Key points USD/RUB trades near highest level since April 2022 Wagner group mercenaries return to bases after short-lived mutiny, leader Prigozhin to move to Belarus Developments revive old fear over Russia’s nuclear arsenal security USD/RUB traded in proximity to a fresh 64-week peak on Monday in response to an aborted mutiny by Russian mercenaries led […]
Read moreJune 23, 2023 12:32 pm
Key points WTI Crude heads for a weekly decline Aggressive monetary policy tightening brings forth growth concerns, underpinning risk-off assets Demand concerns outweigh latest EIA inventory data Futures on US West Texas Intermediate Crude Oil plunged for a second consecutive trading day on Friday and were set for a weekly loss, as rate hike-driven economic […]
Read moreJune 23, 2023 9:40 am
Key points USD/JPY trades near fresh 32-week peak of 143.450 Flight to safety after hawkish central bank moves boosts US Dollar Japan’s core inflation slows at a lesser pace than anticipated in May Japan’s inflation still above BoJ target, challenging the central bank’s ultra-easy stance USD/JPY held close to a fresh 7 1/2-month high on […]
Read moreJune 23, 2023 7:38 am
Key points GBP/USD heads for first loss in four weeks, further distancing from recent 60-week high Hawkish central bank moves bring forth growth concerns, boosting US Dollar Fed Chair Powell says interest rates will be moved at a “careful pace” The Sterling did not manage to maintain gains after the Bank of England’s policy decision […]
Read moreJune 22, 2023 12:29 pm
Key points Spot Gold hovers above recent 3-month low Fed Chair Powell indicates more hikes to come to curb inflation BoE hikes rates by 50 bps to 5%, the highest since 2008 crisis Spot Gold traded near recent three-month trough on Thursday after Federal Reserve Chair Jerome Powell indicated more tightening was likely to rein […]
Read moreJune 22, 2023 9:22 am
Key points USD/CHF seesaws after SNB policy decision, remains near 1-month trough SNB hikes rates for fifth time in a row to highest level since 2002 SNB Chairman says more work remains to be done amid inflationary pressures USD/CHF continued trading in proximity to an over 1-month trough on Thursday, after the Swiss National Bank […]
Read moreJune 22, 2023 7:25 am
Key points USD/INR still supported in the area around 81.9000 Fed Chair Powell’s testimony delivers no surprises to markets GBP/INR traders now await the outcome of BoE’s policy meeting India’s Rupee was holding gains against the US Dollar on Thursday, but its advance was restrained by a well established level of resistance around 81.90. The […]
Read moreJune 21, 2023 12:26 pm
Key points WTI Crude trades within relatively narrow range Focus sets on Fed Chair Powell’s testimony API and EIA inventory data expected Futures on US West Texas Intermediate Crude Oil held steady on Wednesday as market focus sets on Fed Chair Jerome Powell’s congressional testimony later today and after official data showed UK inflation remained […]
Read moreJune 21, 2023 9:42 am
Key points GBP/USD rises immediately after UK CPI data release, then erases gains, distancing from recent 60-week peak UK Core CPI inflation accelerates in May, still well above Bank of England’s inflation target BoE expected to hike for 13th time on Thursday GBP/USD initially surged to an intraday high of 1.2802 on Wednesday after the […]
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