Author: FX

The USD is little changed with the biggest mover vs the close being the GBP with a decline of around 0.15%. Looking at the USD move vs. the major currencies, the changes are minimal:EUR -0.10%JPY -0.11%GBP -0.14%CHF +0.09%CAD +0.03%AUD -0.08%NZD +0.10.In the video above, I take a look at the technicals driving the big three – the EURUSD, USDJPY and the GBPUSD. What is the bias? Remember in the US dollar did rise sharply versus the major currencies yesterday. What are the risks? What are the targets? I will go through each currency pair with a focus on those key…

Traders reduced slightly BoE easing bets despite the hot UK CPI report. The pricing fell from 53 bps of easing by year-end before the CPI release to 49 bps now. As mentioned here, traders reduced the probabilities for an August cut (which stands at 82% chance for a cut) but in the bigger picture, the base case was two rate cuts by year-end anyway, so even if they skip August, they will still have three meetings to cut. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link

The United Kingdom’s annual CPI rose 3.6% in June vs. 3.4% forecast.British inflation advanced to 0.3% MoM in June vs. a 0.2% anticipated.GBP/USD keeps range near 1.3400 after UK CPI inflation data.The United Kingdom (UK) headline Consumer Price Index (CPI) advanced by 3.6% on the year in June after reporting a 3.4% growth in May, the data released by the Office for National Statistics (ONS) showed on Wednesday. The market forecast was for a 3.4% increase in the reported period. The reading moves away from the Bank of England’s (BoE) 2% target.The core CPI (excluding volatile food and energy items) rose 3.7% year-over-year…

The Indian Rupee claws back initial losses against the US Dollar despite Greenback trades firmly.The impact of Trump’s tariffs has started filtering into prices.Investors await the US-Indian trade deal confirmation.The Indian Rupee (INR) recovers early losses and rises against the US Dollar (USD) on Wednesday. The USD/INR pair slides to near 85.85 even as the US Dollar extends its upside after traders pare Federal Reserve (Fed) dovish bets, following signs from the United States (US) Consumer Price Index (CPI) report for June that tariffs announced by President Donald Trump have started feeding inflation.The US Dollar Index (DXY), which tracks the…

AUD/USD is hanging out near a key inflection point in the 4-hour time frame! Is the pair gearing up to extend a longer-term trend? Here’s what we’re seeing! AUD/USD 4-hour Forex Chart by TradingView The Australian dollar took a hit yesterday after Uncle Sam’s inflation report backed the Fed’s wait-and-see stance, reinforcing the higher-for-longer rate outlook and boosting demand for the U.S. dollar across the board. But that was yesterday. In the days ahead, global trade headlines and Australia’s upcoming jobs report could shift momentum back toward the comdoll. Remember that directional biases and volatility conditions in market price are…

Will Australia’s June labor market data reinforce the RBA’s decision to keep interest rates steady in July? Or will the numbers pile on to RBA rate cut calls by week’s end? Here’s what the markets are expecting from the event! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

BHP says too costly to build Australian green iron industry as PM seeks China collaboration Source link

Canada’s consumer price inflation accelerated to 1.9% y/y in June from 1.7% in May, matching analyst expectations. Meanwhile, core inflation measures remained stubbornly elevated around 3%, effectively decreasing the chances of a Bank of Canada (BOC) rate cut at the July 30 meeting. Here are key points from June’s CPI report: Headline CPI rose 1.9% y/y in June (from 1.7% in May), 0.1% m/m Core CPI-median increased to 3.1% (from 3.0%), CPI-trim held at 3.0% 3-month annualized core inflation surged to 3.5%, a six-month high Durable goods inflation accelerated to 2.7% y/y amid tariff impacts Market odds of a July…

Markets were a mixed bag on Tuesday as inflation data, trade headlines, and adjusted central bank expectations stirred volatility across assets. Traders juggled soft Chinese retail numbers, a hotter-than-expected U.S. CPI, and Trump’s latest tariff moves while trying to make sense of where risk appetite was heading next. Here are headlines you may have missed in the last trading sessions! Headlines: Australia Westpac consumer confidence index for July: 0.6% m/m 93.1 (93.0 forecast; 92.6 previous) Nvidia will restart sales of a key AI chip to China, in a reversal of US restrictions China data dump China GDP for June 30:…

Heads up, Kiwi traders! New Zealand’s quarterly inflation report is lined up for release over the weekend, likely influencing RBNZ policy expectations and NZD direction for the next trading week. Here are the points you need to know about this top-tier release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link