Author: FX

Biogen in pact with NeuroSense for ALS biomarker study Source link

© Reuters. FILE PHOTO: A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato By Amanda Cooper LONDON (Reuters) -Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures, and an indication of how much more U.S. rates may…

The recent beat in the non-farm payrolls (NFP) data, coupled with concerning factors such as a higher unemployment rate and reduced average weekly hours, has resulted in a depreciation of the USD. The market has begun to readjust its previously hawkish outlook to a less hawkish one, as a looser labour market has the potential to bring the inflation rate even lower. Additionally, the miss in the ISM Services PMI, particularly in the lower prices paid sub-index, has made some to speculate that core inflation could start to normalise in the near future.Regarding the big miss in US jobless claims…

Share: Euro has attracted significant bids as a decline in the Fed-ECB policy divergence is widely anticipated. An interest rate hike by the ECB is expected despite fears of a recession in Europe. The energy component is expected to soften the US headline inflation while core inflation could turn out more persistent. The Euro has driven the major currency pair closer to the round-level resistance of 1.0800 after a sharp recovery from 1.0743. The EUR/USD pair has attracted investors’ attention amid a firmer risk-appetite theme and hopes of a decline in the Federal Reserve (Fed)-European Central Bank (ECB)…

Uncle Sam is ready to print the latest CPI report today! Can USD/CHF resume its climb once the numbers are out? As you can see from the hourly chart below, the pair recently busted through a short-term falling trend line. This means that the tide is turning in favor of dollar bulls, but it seems that a retest is taking place. USD/CHF 1-hour Forex Chart by TV The pair retreated upon testing the .9100 major psychological resistance, which happens to line up with R1 (.9110). Price has since dipped to the 50% Fibonacci retracement level that coincides with the former…

POUND STERLING ANALYSIS & TALKING POINTSUK employment change and unemployment smash estimates.US CPI in focus.0.5% hike gains traction for BoE.Initial reaction = GBP/USD 0.35% higher. Recommended by Warren Venketas Get Your Free GBP Forecast NO LET UP FOR UK LABOR MARKET, POUND BID!The British pound rallied on stellar jobs data (see economic calendar below. All metrics showed improvement which is not a good sign for Bank of England (BoE) doves. Concerns around sticky core inflation from the BoE’s Mann and aggressive monetary policy comments from Haskel yesterday will surely be heightened with today’s data and the fact that several other…

Japan +1.80%. Japan Quarterly Business Sentiment Index survey, Q2 2023. Large manufacturing index -0.4%. China +0.05%. Hong Kong +0.49%. Australia +0.18%. National Australia Bank raise their RBA terminal rate forecast to 4.6% (from 4.35%). Australia Business confidence (May) -4 (prior 0) and Conditions +8 (prior +14). Australian data – Westpac Consumer Confidence Index (June) +0.2% m/m (prior -7.9%). India +0.63%. India ’s consumer price index has recorded a 4.25% gain year on year in May, marking its slowest rate of inflation since January 2021. In the U.S., all three major indexes closed higher on Monday as investors added to optimism…

Is the euro ready for an uptrend against the Swiss franc? We’re taking a look at EUR/CHF’s 4-hour chart today to see if the pair has broken key resistance levels. Check it out! EUR/CHF 4-hour Forex Chart by TV EUR/CHF has had a good couple of days, rising from the .9690 levels late last week to trade closer to the .9780 area after breaking a range consolidation. What got my attention was that the last 4-hour candlesticks broke above a trend line resistance that had been keeping EUR buyers at bay since March this year. Not only that, but EUR/CHF…

By Phil Stewart WASHINGTON (Reuters) -Twenty-two U.S. service members were injured in a helicopter “mishap” in northeast Syria on Sunday, the U.S. military said late on Monday, without disclosing the cause of the incident or detailing the severity of the injuries. The U.S. military’s Central Command said 10 service members were evacuated to higher-level care facilities outside the region. Central Command, which oversees U.S. troops in the Middle East, said no enemy fire was reported but added that the cause of the incident was under investigation. Officials at U.S. Central Command did not immediately respond to requests for further information.…

3 reasons the Bank of Japan is expected to keep policy unchanged at this week’s meetingCiti says markets mispricing downside risks for inflation heading into the May inflationFormer Dallas Fed Pres Kaplan says FOMC ‘hawkish pause’ in June, July hike is openNational Australia Bank raise their RBA terminal rate forecast to 4.6% (from 4.35%)Australia Business confidence (May) -4 (prior 0) and Conditions +8 (prior +14)People’s Bank of China cuts 7 day Reverse repo rate to 1.90%, from 2%PBOC sets USD/ CNY central rate at 7.1498 (vs. estimate at 7.1490)Bank of England Governor Bailey speaking Tuesday, as is MPC member DhingraAustralian…