July 5, 2022 9:21 am
AUD/USD remained pressured near the two-year low from last week even after the Reserve Bank of Australia raised interest rates for a third consecutive month at its policy meeting earlier on Tuesday and signaled further tightening ahead in an attempt to bring surging inflation back under control. The RBA raised its cash rate by 50 […]
Read moreJuly 4, 2022 9:00 am
The US Dollar remained firm and risk-sensitive currencies were under pressure and in proximity to multi-year lows on Monday, as investors sought the relative safety of haven assets amid concerns over slowing global economic growth. Trade volumes are likely to remain thin on Monday due to the Independence Day holiday in the United States. The […]
Read moreJune 28, 2022 9:22 am
At a time when US consumer price inflation has reached highs unseen in over 40 years, consumer borrowing in the country has also been on the rise. The general Consumer Price Index (CPI) for all urban consumers surged at a staggering rate of 8.6% year-on-year in May 2022, or the sharpest annual rate since December […]
Read moreJune 28, 2022 9:11 am
USD/CAD registered a fresh two-week trough on Tuesday, as the Loonie drew support from recent rally in oil prices. WTI Crude Oil gained for a third straight trading day on Tuesday as key oil producers Saudi Arabia and the United Arab Emirates flagged capacity limitations, while political unrest in Libya and Ecuador additionally heightened supply […]
Read moreJune 27, 2022 8:33 am
EUR/USD extended Friday’s gains at the start of the new week ahead of Tuesday’s ECB forum in Sintra, Portugal. Fed Chair Jerome Powell, ECB President Christine Lagarde and Bank of England Governor Andrew Bailey are all expected to make speeches at the event. Meanwhile, the US Dollar continued pulling back from a 20-year peak after […]
Read moreJune 21, 2022 8:35 am
AUD/USD extended gains from the prior trading day on Tuesday, after Reserve Bank of Australia Governor Philip Lowe signaled more interest rate hikes in the coming months. Gains, however, seemed limited by concerns over slowing global economic growth. The minutes of RBA’s June meeting, released on Tuesday, revealed the bank’s board had discussed increasing the […]
Read moreJune 20, 2022 9:06 am
USD/JPY traded not far from last week’s 23 1/2-year high of 135.59 on Monday, as central bank monetary policy divergence between Japan and the United States became more evident. In light of last week’s massive monetary policy tightening by central banks, including the Federal Reserve, Bank of England and even the Swiss National Bank, Bank […]
Read moreJune 15, 2022 8:43 am
EUR/USD gained almost 0.7% on Wednesday after the ECB’s governing council announced an emergency meeting today to discuss the recent sell-off in bond markets, after the spread between the bond yields of Germany and some European peripheral nations, Italy in particular, rose to levels unseen in more than 2 years. “My hunch is that this […]
Read moreJune 13, 2022 9:39 am
USD/JPY scaled a fresh 23 1/2-year high on Monday, since the spread between US and Japanese bond yields widened following last week’s red hot US CPI inflation report. Monetary policy divergence in Japan and overseas has already become quite evident. While Bank of Japan continues sticking to ultra-accommodative policy, the Federal Reserve is expected to […]
Read moreJune 7, 2022 8:33 am
AUD/USD traded within an almost 100-pip range on Tuesday, after the Reserve Bank of Australia (RBA) surprised markets, delivering the largest interest rate hike in 22 years and signaled more hikes were on the horizon. The RBA raised its cash rate by 50 basis points to 0.85% at its June meeting earlier Tuesday, while surprising […]
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