Author: FX
The softer inflation data at the end of July dampened hopes of a RBA rate hike this month and that dragged AUD/USD down for a bit last week. But with USD/JPY intervention keeping things interesting, the dollar fell across the major currencies space and helped to see a bounce in AUD/USD. That before the breakout in Wall Street yesterday gave more impetus for the currency pair to try and push for a stronger upside break above 0.7000.The jump higher yesterday erased the losses from Monday and puts the focus back on the 100-day moving average (red line):[AUD/USD daily chart]The currency…
The NZD/USD pair weakens to near 0.5870 during the early European trading hours on Wednesday. The New Zealand Dollar attracts some sellers against the US Dollar (USD) after New Zealand’s unemployment rate climbs to the highest in 11 years. Traders await the US ADP Employment and ISM Services Purchasing Managers’ Index (PMI) reports, which are due later on Wednesday. All eyes will be on the US July data on Friday. New Zealand’s unemployment rate jumped to 5.6% in the second quarter (Q2) of 2026, up from 5.3% in Q1, according to Statistics New Zealand on Wednesday. This figure came in worse than…
Guppy recently fell through a long-term ascending trend line, suggesting that a reversal is in the cards. Can it still pull up for a retest of the former support? Source link
New Zealand’s unemployment rate rose to 5.6% in the June 2026 quarter, up from a revised 5.4% in March. How did NZD react to the report? Source link
PBOC is expected to set the USD/CNY reference rate at 6.7480 – Reuters estimate !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Gold price (XAU/USD) declines to near $4,070 during the early Asian session on Wednesday. The precious metal fluctuates as traders weigh the Federal Reserve’s (Fed) interest-rate path amid uncertainty in the Middle East. The Guardian reported on Tuesday that US Secretary of State Marco Rubio said there has been progress made in discussions with Iran and Oman on getting more ships through the Strait of Hormuz, but no final agreement has been reached. Meanwhile, US Treasury Secretary Scott Bessent said Washington could reach a deal with Tehran by tomorrow to reopen the critical waterway.Cooling US-Iran tensions could ease energy-driven inflation fears…
Oil broke two Sunday levels on Hormuz optimism, the S&P hit a fresh record, and JOLTS split its signal. Updated scenario levels and probabilities inside. Source link
What a day for the bulls.The message after the earnings smoke has cleared is optimistic and the thinking is that: Maybe all these AI investments can continue and there is actually an ROI on all of them. For the valuations of the hyperscalers, you don’t need a big return on the huge amounts of capex as even making a bit further enforces their moats and will allow them to transition to a new era as leaders. Amazon and Google in particular made compelling cases for why there could be returns. So long as that capex continues, it’s tough to fade…
The Coinbase Bitcoin Premium Index extends its negative streak to 78 consecutive days on Tuesday, the longest on record. This reading comes amid the ongoing bearish trend, which has seen Bitcoin (BTC) drop by almost 50% from its record high to trade around $64,000.Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.Binance, the largest cryptocurrency exchange by volume, has announced a scheduled delisting of six cryptocurrency tokens, including Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR),…
U.S. job openings fell to 7.36 million in June, missing forecasts, while hiring picked up, a mixed signal days before Friday’s jobs report. Source link