Author: FX
Share: USD/MXN was down by 0.30% in H2 2023 following weak US manufacturing data and yield curve inversion. US manufacturing activity slows for an eighth consecutive month, impacting USD performance. Recession fears rise as the US yield curve experiences pronounced inversion, signaling a potential economic slowdown. USD/MXN begins the second half of 2023 with losses of almost 0.30% after hitting a daily high of 17.1485 after data from the United States (US) showed manufacturing activity continues at depressed levels. Furthermore, a deep inversion of the US yield curve sparked recession fears, a headwind for the US Dollar (USD).…
Japanese Yen (USD/JPY) Analysis Recommended by Richard Snow See what our analysts foresee in Q3 for the yen Japanese Yen in Broad DeclineThe Japanese yen is easily an outlier in the FX space as central banks continue to tighten interest rates, regardless of whether they are near or at their respective terminal rates. Interest rate differentials and yield differentials favour the ‘carry trade’ which may continue despite warnings from Japanese officials, expressing their displeasure with undesirable, one-sided FX moves.This time feels a whole lot different to the latter stages of 2022 where Japanese officials warned of undesirable moves, making specific…
iShares iBonds 2029 Term High Yield and Income ETF declares monthly distribution of $0.1228 Source link
© Reuters. Investing.com — Oil prices received an unexpected boost Monday, after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concerns over slowing economic activity. By 09:35 ET (13:35 GMT), futures traded 0.3% higher at $70.84 a barrel, while the contract rose 0.3% to $75.62 a barrel. Top exporters reduce supplies Saudi Arabia announced earlier Monday that it would extend its voluntary cut of one million barrels per day to also include August, while Russia also stated it will reduce its oil exports by 500,000 barrels per day in August. The cuts amount to 1.5% of…
Share: The US Dollar edges higher as markets pair back overreaction from past Friday. Focus turns to US ISM data before markets close early on Monday in a shortened session. The US Dollar Index jumps back above 103.00, right in the middle of a one-month range. The US Dollar (USD) is comfortably in the green halfway through the European trading session as for a few European countries, the Purchasing Manager Index in the Manufacturing sector contracted even on the final reading, making the EUR/USD dip lower. Markets meanwhile remain convinced that the US Federal Reverse and its Chairman Jerome Powell…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 PRICES, ANALYSIS, AND CHARTS Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter FTSE 100 revisits 200-day simple moving averageThe FTSE 100 managed to finish last week and month on a positive note but still ended the quarter in negative territory as it continues to underperform its peers.Last Friday’s positive US PCE inflation data, the Federal Reserve’s (Fed) preferred inflation gauge, pushed global stock markets higher with the FTSE 100 reaching the 200-day simple…
Warning: LNKB is at high risk of cutting its dividend Source link
A brand new month means we get to see major central banks updating their monetary policies! The Reserve Bank of Australia (RBA) will get the ball rolling on Tuesday at 4:30 am GMT. Will the decision help extend AUD/USD’s uptrend this week? AUD/USD 15-min Forex Chart by TV In case you missed it, AUD/USD has been making higher highs and higher lows since Thursday when the pair found support from the .6600 psychological area. AUD/USD is now trading closer to the .6640 area, which lines up with today’s Pivot Point line. More importantly, its current levels are also close to…
UPCOMING EVENTS:Monday: US Holiday Early Close, Swiss CPI, US ISM Manufacturing PMI.Tuesday: US Independence Day, RBA Policy Decision.Wednesday: China Services PMIs, FOMC Meeting Minutes.Thursday: EZ Retail Sales, US ADP, US Jobless Claims, US Job Openings, US ISM Services PMI.Friday: US NFP, Canada Jobs Report.Monday: US Markets will close early as the US is celebrating Independence Day on Tuesday. Unfortunately, we have the US ISM Manufacturing PMI on such a day, which is expected to increase to 47.2 vs. 46.9 prior. The manufacturing sector has been in contraction across the globe for quite some time as tighter monetary conditions and slowing…
Share: AUD/USD seesaws around intraday high, struggles to defend three-day winning streak within immediate rising trend channel. Clear bounce off 100-HMA lures Aussie buyers despite channel’s top line, 200-HMA prod further upside. Bearish consolidation in play, fundamental clues eyed for clear directions ahead of RBA. AUD/USD bulls struggle around the intraday high of near 0.6665-70 as a short-term key upside hurdle prods the risk-barometer pair’s three-day winning streak amid early Monday in Europe. In doing so, the Aussie pair justifies the trader’s anxiety ahead of Tuesday’s Reserve Bank of Australia (RBA) Interest Rate Decision. That said, the AUD/USD…