July 17, 2023 9:28 am
Key points USD/ZAR extends last week’s losses, hovers above 14-week trough South Africa CPI data for June in focus SARB expected to keep main rate intact at 8.25% in July The South African Rand edged up against the US Dollar on Monday, looking to extend the prior week’s gains, ahead of South African CPI inflation […]
Read moreJuly 17, 2023 7:16 am
Key points USD/INR falls after a 0.7% rally last week US Treasury yields surge on higher one-year inflation expectations China GDP growth well below market consensus India’s Rupee began the new week on the back foot against the US Dollar, following a 0.68% rally in the prior week, as US bond yields rose and weak […]
Read moreJuly 14, 2023 12:43 pm
Key points Tesla begins selling Model Y in South Korea at 56.99 million Won Shares up 125.6% year-to-date after 2022 drop According to Tesla Inc’s website, the US company started to sell its Model Y rear-wheel drive car on Friday in South Korea at a lower price of 56.99 million Won (~$45,140). This way the […]
Read moreJuly 14, 2023 9:49 am
Key points Spot Gold at 1-month high, heads for best week since April US Dollar hovers above 15-month low on Fed rate peak bets Gold profit-taking possible at current levels – expert Spot Gold looked set to register its best weekly performance since early April, as investors bolstered wagers that the Federal Reserve would likely […]
Read moreJuly 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 […]
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