Author: FX
Iran reportedly maintains that there are no discussions over ceasefire extension as the pact doesn’t exist anymore !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Chris Turner at ING notes EUR/USD remains lacklustre despite better Eurozone data and upside surprises, as high European natural gas prices and Gulf tensions weigh on the Euro. He argues that a soft US CPI print could allow EUR/USD to challenge last week’s 1.1580 high, though further gains may be limited by upcoming data and the Jackson Hole symposium before the Fed’s mid-September decision.Energy costs cap Euro upside”EUR/USD continues to trade in a lacklustre fashion. Better hard activity data and eurozone economic numbers generally surprising on the upside have failed to provide the euro with much of a lift. That…
Brent is back above $90, while WTI has topped $80, as transit through the Strait of Hormuz remains far from assured.Reuters reports that only six vessels passed through the Strait of Hormuz on Monday, well below the 10-day average of around 11, despite statements from Trump and Bessent that “we could reach an agreement today or tomorrow,” which could potentially reopen the path to a broader deal. The fact that these were little more than verbal interventions aimed at influencing the market highlights the sudden shift in rhetoric: just last week, the White House was saying the conflict was heading…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the third straight day and trades just below the $83.00 mark during the Asian session on Wednesday, close to a nearly two-week high set the previous day.An advisor to Iran’s Supreme Leader Mojtaba Khamenei said on Tuesday that the Strait of Hormuz will not be opened until the US meets Tehran’s demands. Moreover, fresh strikes by Yemen’s Iran-backed Houthis on shipping in the Red Sea fuel concerns over supply disruptions in West Asia. This, in turn, acts as a tailwind for the commodity and underpins…
The Reserve Bank of Australia (RBA) kept its cash rate at 4.35% this August. Markets expected the hold. What they didn’t fully agree on was the tone. Source link
Japan bond yields rise as oil gains stoke fresh inflation concerns !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The GBP/JPY ended Tuesday’s session unchanged at 215.17 as buyers remained reluctant to test the 50-day Simple Moving Average (SMA) at 215.43, seen as the first resistance level on its way to re-test yearly peaked at around 219.61.GBP/JPY Price Forcast: Technical outlookPrice action suggests the GBP/JPY is facing key resistance that could cap the advance, which could open the door for sideways trading. Further confirmation of this, is the Relative Strength Index (RSI): The RSI shifted flat exactly at the 50-neutral level, an indication that neither buyers nor sellers are fully committed to push the cross above or below familiar…
GBP/NZD is showing early signs of stabilization after its sharp July pullback, with the latest downswing forming a higher swing low and price beginning to recover. Momentum is also improving as the MACD line crosses above the signal line, suggesting selling pressure may be starting to fade. The key question now is whether buyers can build on this shift and extend the rebound, or whether the recovery will lose momentum and leave the pair vulnerable to another move lower. Welcome to “TA Alert of the Day.” Each day after the market close, MarketMilk scans for popular technical indicator alerts. We…
USDCHF buyers trying to take control again as the ups and downs continue for the pair !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Standard Chartered’s Nicholas Chia reports that the Reserve Bank of Australia (RBA) kept the cash rate at 4.35% in a unanimous decision, as widely expected. Chia notes the RBA sees inflation returning to the midpoint of its 2–3% target only by late 2027. While the base case is for no further hikes, the risk is skewed to another increase in Q4 if demand and energy prices remain problematic.RBA holds but keeps hike option”The RBA held the cash rate at 4.35%, as we and the market had expected, in a unanimous decision (see RBA – Holding its nerve). The RBA reiterated…