Gold price remains sidelined while keeping the previous day’s bounce off 50-DMA. US dollar struggles to regain traction even as Fed policymakers resist welcoming easy CPI/PPI. Yields retreat from three-week high to print the first daily loss in four. US Michigan Consumer Sentiment Index eyed to confirm receding fears of inflation. Gold price (XAU/USD) remains… Read More »
USD/INR grinds higher after rising the most in six weeks the previous day. Hawkish Fedspeak, fears surrounding China challenge traders ahead of long weekend in India. Indian CPI is likely to have eased in July but the distance from RBI’s target will be the key to watch. USD/INR braces for Indian inflation around 79.65-70 during… Read More »
US dollar bulls are moving in following a significant sell-off in the greenback. US yields perked up towards the end of the week as hawkish Fed sentiment overrides softer US inflation data. The US dollar, DXY, was set for its third weekly loss in four against its rivals, but the bulls are moving in on… Read More »
Market sentiment remains divided amid a light calendar, mixed clues. S&P 500 Futures extend pullback from three-month high, yields snap three-day uptrend at 12-day peak. Softer PPI, CPI fail to reject Fed hawks, China headlines, recession also test optimism. After an upbeat mid-week, global markets remain sluggish as they await the final dossier of the… Read More »
Market sentiment remains cautiously optimistic amid fears surrounding Fed’s aggression, China. Fedspeak appears mixed despite softer US CPI for July. Biden’s rethink on China tariff, covid case increase in Mainland China weigh on sentiment. S&P 500 Futures print mild gains, US 10-year Treasury yields remain sluggish. Risk appetite remains unclear during early Thursday, after the… Read More »
Advancing Treasury yields are indicating that the US CPI is likely to surprise on the upside. The upbeat US NFP has already bolstered the odds of status quo maintenance by the US Inflation. Fed’s Bullard sees interest rates at 4% by the end of CY2022. The 10-year US Treasury yields are aiming to recapture the… Read More »
AUD/JPY fades bounce off intraday low after softer-than-expected China data. China CPI, PPI dropped below market forecasts in July, Japan PPI improved on YoY. Sluggish yields, cautious mood act as extra barriers to trading. US inflation data will be important for market players amid talks of the Fed’s aggression, economic slowdown. AUD/JPY pays a little… Read More »
EUR/JPY picks up bids to refresh intraday high near two-week top. US Treasury yields await more clues after regaining upside momentum the previous day. Russian pipeline halt, hopes of no change in BOJ policy despite acceleration in price rise challenge buyers. Japan PPI improved on YoY, inflation data from China, Germany and the US will… Read More »
WTI is correcting the day’s supply and is meeting daily resistance. US CPI data will come on Wednesday and could be pivotal for oil. The wild card in the energy sector is the Iran Nuclear Deal. Oil prices have pared back gains that were made early on Tuesday despite the news that Russia has halted exports… Read More »
EUR/JPY picks up bids to reverse the week-start pullback, grinds higher around daily top. Yields consolidate previous day’s losses amid a sluggish session. Japan Machine Tool Orders, fewer challenges for BOJ appear to favor the pair buyers. EUR/JPY remains firmer, following a softer start to the week, despite the latest pullback from the intraday high… Read More »
