USD/JPY is sensing exhaustion signals after hitting a high of 133.50. The impact of lower US CPI has faded away and hawkish Fed bets are hogging the limelight. The US Michigan CSI is expected to improve to 52.2 from the prior release of 51.5. The USD/JPY pair has slipped minutely after printing an intraday high… Read More »
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GBP/USD is facing barricades around 1.2200 as investors await UK GDP data. A vulnerable UK GDP will accelerate troubles for the BOE. Higher Initial Jobless Claims have supported the DXY at lower levels. The GBP/USD pair is hovering around the immediate hurdle of 1.2200 after a modest rebound from 1.2185. The asset defended Wednesday’s low… Read More »
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the publication of the Malaysian jobs report. Key Takeaways “Malaysia’s labour market continues its steady march towards full recovery with the number of employed persons and unemployment rate improving further. Total number of employed persons rose for the 11th month by 36.3k… Read More »
USD/JPY is expected to witness more gains if the asset oversteps 135.50 decisively. Fed’s intention to elevate interest rates will remain intact despite lower US CPI print. The BOJ is committed to bringing pre-pandemic growth rates. The USD/JPY pair is addressing an inventory distribution phase after a perpendicular upside move from the critical support of… Read More »
USD/CAD remains mildly offered while paring the biggest daily gains in three weeks. US dollar retreats amid sluggish session, oil prices cheer firmer China trade numbers, easing fears surrounding Taiwan. Canada jobs report failed to favor bulls but US NFP propelled hawkish Fed bets. US inflation will be important data for the week, risk catalysts… Read More »
USD/CHF grinds higher after posting the first weekly gains in three. US dollar bulls await fresh signals to extend post-NFP rally, hawkish Fed bets favor greenback buyers. Swiss Unemployment Rate for July will direct intraday moves, US-China tussles over Taiwan could also entertain traders. USD/CHF remains sidelined around 0.9625-20, struggling to extend Friday’s gains… Read More »
