Author: FX

Japanese Yen GBP/JPY Prices, Charts, and AnalysisUK inflation misses expectations but remains elevated.GBP/JPY technical outlook is turning negative. Recommended by Nick Cawley Get Your Free JPY Forecast GBP/JPY is in the process of printing a fourth lower high on the daily chart after the British Pound edged lower after the latest UK inflation report. The lower-than-expected CPI release saw UK terminal rate expectations dialed back from around 6.25% to just below 6%.UK (GBP) Breaking News: UK CPI Miss Troubles PoundThe technical outlook for GBP/JPY remains negative in the short-term with the daily chart showing the pair rolling over from the…

In case you missed it, annualized consumer price increases in the U.K. slowed down from 8.7% to a 15-month low of 7.9% in June. The core rate, which excludes volatile items such as energy and food, also eased from 7.1% to 6.9%. Both inflation rates are still waaay above the BOE‘s 2.0% target, but the progress is welcome to those who are worrying about the U.K.’s cost of living crisis. Decreased pressure on the BOE to extend its interest rate hikes weighed on GBP across the board. GBP/AUD 15-Minute Forex Chart by TV GBP/AUD, in particular, dropped from the 1.9180…

German DAX futures +0.3%UK FTSE futures +0.6%This continues the momentum from US trading yesterday, and the softer UK inflation numbers here should also help to relieve markets with bond yields set to fall in the session ahead. US futures are keeping steady, though little changed on the day so far. Source link

Share: Asian stock markets trade mixed; the risk appetite improves. BoJ Governor Kazuo Ueda is expected to maintain a dovish policy stance. Investors are concerned about the economic slowdown in China but have hope for a stimulus plan.  Asian stock markets trade mixed on Wednesday as investors digest better-than-expected results from Wall Street. The risk appetite improves on the outperformance of US banks in the earnings seasons, which boosts Wall Street benchmarks to reclaim the yearly top.  In Japan, the NIKKEI posts gains of 0.73%. Bank of Japan (BOJ) Governor Kazuo Ueda noted on Tuesday that there was…

This precious metal is testing a key support-turned-resistance zone once more! Will it keep holding this time? Here’s what I’m looking at on the 4-hour time frame. Gold (XAU/USD) 4-hour Chart by TV This safe-haven commodity has been climbing steadily so far this month, but it looks like the rally is hitting a roadblock at the $2,000 barrier. Now this area of interest is spanned by the 50% to 61.8% Fibonacci retracement levels, which might be enough to keep gains in check and send gold back down to the swing low near $1,900. After all, technical indicators are hinting that…

Gold, XAU/USD – Price Action & Outlook:XAU/USD rose sharply after US retail sales rose less than expected in June.Gold has met the bullish reverse head & shoulders pattern.What’s next for the yellow metal and what are the key levels to watch in XAU/USD? Discover what kind of forex trader you are Gold jumped after US retail sales rose less than expected in June which weighed on US Treasury yields and the greenback.Even though headline retail sales came in below expectations, underlying consumer spending appeared to be strong, thanks to a tight labour market. The mixed retail sales report follows softer…

© Reuters. Asylum seekers gather after crossing the Rio Grande river in an attempt to enter the United States, as seen from Matamoros, at a makeshift camp, in Matamoros, Mexico June 21, 2023. REUTERS/Daniel Becerril/File Photo By Ted Hesson WASHINGTON (Reuters) -A group of Democratic lawmakers from Texas on Tuesday urged the state’s Republican governor to halt his aggressive border security campaign after a report alleged that Texas authorities were ordered to deny water to migrants in extreme heat and to push migrant children back into the Rio Grande River. The lawmakers, led by Representative Joaquin Castro, called on Democratic…

Wachiwit/iStock Editorial via Getty Images Update 8:35pm: Adds J&J comment. Johnson & Johnson (NYSE:JNJ) will have to pay $18.8 million after a jury ruled in favor of man who claimed that the pharmaceutical company’s talc-based baby powder was responsible for his mesothelioma. The jury awarded plaintiff Anthony Hernandez Valadez $18.8 million in damages in an Oakland, California courtroom on Tuesday. The case was the first in two years in talc-based litigation against J&J after thousands of other cases were halted as J&J attempted to separate its talk liability in a Chapter 11 bankruptcy for its LTL Managent unit. The case…

Inflation data from New Zealand for the April – June quarter of 2023–Background here:New Zealand inflation data is expected to support the RBNZ on-hold monetary policy This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Share: EUR/USD bears are looking for a free lunch and low-hanging fruit. EUR/USD is moving into a key area on the hourly charts. EUR/USD was down in late New York trade but overall little changed after failing to the breakout of last week’s highs again although hitting 1.12750, the highest since Feb. 2022. Meanwhile, the US Dollar rose from a 15-month low against a basket of currencies on Tuesday after core Retail Sales saw strong gains in June. Core sales showed resilience and increased 0.6% in June. Data for May was also revised slightly up to show core retail sales increasing 0.3% instead of…