Author: FX

SARB RATE DECISION, USD/ZAR PRICE FORECAST: Recommended by Zain Vawda Get Your Free Top Trading Opportunities Forecast MOST READ: Dollar Index (DXY) Eyes Deeper Recovery with USD/CHF at 12-Year Lows DThe South African Reserve Bank (SARB) opted for a pause on its hiking cycle with Governor Lesetja Kganyago responding to a question of whether rates have peaked with “a resounding NO”. Despite this Deputy Governor Kuben Naidoo did mention that the Reserve Bank sees itself on a “glide path’” if you will to the Reserve Banks targeted band of inflation.Food prices was once more cited as a concern despite the…

Share: Interest rate differentials have played a huge part in driving the EUR/USD exchange rate this year. Economists at Rabobank analyze the pair’s outlook. ECB is close to reaching its peak in policy rates The release of weaker-than-expected US CPI inflation data last week cemented market expectations that the Fed will reach its peak policy rates after an anticipated 25 bps hike in rates next week. As a result, the USD lurched lower across the board. In the coming months, it is very likely that the ECB will also reach its peak policy rate, and this is likely…

GBP/USD Prices, Charts, and AnalysisTumbling Gilt yields pull Sterling-pairs lower.GBP/JPY testing short-term support again. Recommended by Nick Cawley Download our Brand New Q3 GBP Forecast UK inflation fell to its lowest level in over a year Wednesday and came in below market expectations. Headline CPI rose by 7.9% in the 12 months to June 2023, down from 8.7% in the previous month, and down from a peak of 11.1% in October 2022. Transport, furniture and household goods, restaurants and hotels, and food prices all fell, according to the Office for National Statistics (ONS).UK (GBP) Breaking News: UK CPI Miss Troubles…

Wachiwit After it was reported that Apple (NASDAQ:AAPL) had built an internal ChatGPT-style bot for its employees, investment firm Citi said the tech giant is likely playing “catch up” with trends in artificial intelligence. “Based on Apple’s AI hiring efforts related to areas including Siri, Creativity Apps, Search, and secretive Special Project Group, we believe Apple is aiming to catch up with the AI trends across both infrastructure and applications,” analyst Atif Malik wrote in an investor note. “We foresee Apple’s upcoming devices to further build on their predecessors’ AI computing processing capabilities with advanced Siri and Gen AI based…

FTSE News and Analysis Recommended by Richard Snow See where the opportunities lie in Q3 Homebuilders respond to better-than-expected UK inflation dataYesterday’s encouraging move lower in core inflation ushered in a welcomed sigh of relief for UK citizens after battling to get wider price pressures under control. The core CPI print of 6.9% compared to the expected 7.1% figure represents a small victory in the grander scheme of things but does reveal that inflation is headed in the right direction.Homebuilders were one of the major beneficiaries of the softer inflation print with Persimmon and Barrett Development experiencing a notable recovery…

Kelly Services (KELYA) Announces Strategic Restructuring Actions, Workforce Reduction Plan Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, today announced strategic restructuring actions that will further optimize the company’s operating model to enhance organizational efficiency and effectiveness. These actions are part of the comprehensive transformation initiative the company announced in May to drive EBITDA margin improvement and accelerate long-term profitable growth. The strategic restructuring actions realign business-critical resources to Kelly’s business units, streamline corporate resources, reduce redundant organizational layers, and optimize work processes. These structural changes simplify the company’s operations and unlock additional resources to invest in…

JAPANESE YEN PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Download Your Free Complimentary JPY Forecast Most Read: Dollar Index (DXY) Eyes Deeper Recovery with USD/CHF at 12-Year LowsJAPANESE YEN BACKDROPThe Japanese Yen has experienced a renewed bout of weakness over the past 5 trading days or so with a tad bit of strength in the Asian session as a result of a positive trade surplus print. The recent yen weakness could just be a retracement following impressive gains for the Yen or signs of profit taking as well.Currency Strength Chart Strongest: AUD Weakest: GBPSource: FinancialJuiceThe balance of trade data…

That is helping to moderate the recent gains and threatens the three-day (yesterday was a marginal one) win streak this week. Nasdaq futures are down 0.8% currently, extending losses from around 0.2% at the start of the session:That isn’t really impacting the overall mood too much though, as value stocks are holding their own so far today. That is being reflected by a slightly more positive mood now among European indices and Dow futures are also up 0.1% currently.The drag in tech shares sentiment is stemming from the Tesla and Netflix earnings. The former is weighed lower after Elon Musk…

Share: Pound Sterling attracts offers above 1.2950 and has resumed its downside journey. A decline in United Kingdom’s inflation has offered some relief to Bank of England policymakers. UK finance minister is confident of winning the battle against elevated inflation. The Pound Sterling (GBP) has resumed its downside journey after meeting critical resistance above 1.2950. The GBP/USD pair has shifted into a bearish trajectory as investors hope that the Bank of England (BoE) won’t hike interest rates by a wide margin now since inflation has responded well to easing food prices offered by producers at factory gates. However,…

Risk aversion has dragged risk assets like GBP lower this week while safe havens like CHF have gained pips. Can the tides turn for GBP/CHF after the U.K.’s retail sales release? I don’t know if you’ve read Pippo’s June U.K. Retail Sales Event Guide, but it’s possible that we’ll see better-than-expected retail activity for the third month in a row tomorrow. GBP/CHF 15-Minute Forex Chart by TV Strong retail numbers would give the Bank of England (BOE) more room to raise its interest rates if needed. The increased probability of another BOE rate hike could then support GBP against major…