Author: FX
Construction PMI vs 40.0 expectedPrior 38.2More to come.. This article was written by Justin Low at investinglive.com. Source link
United Overseas Bank’s (UOB) Quek Ser Leang reports AUD/USD has stalled after last week’s sharp rise, with a tentative build-up in downside momentum pointing to a limited dip toward 0.6910 intraday. For the next 1–3 weeks, the bank stays neutral, expecting consolidation between 0.6870 and 0.6980. On a 1–3 month horizon, AUD/USD remains negative, with focus on 0.6835 and then 0.6707.Australian Dollar consolidates after surge”24-HOUR VIEW: AUD soared to a high of 0.6943 last Thursday. On Friday, we indicated that “the sharp rise appears to be overdone, and AUD is unlikely to rise much further.” We also indicated that AUD…
Jerome Maurice/iStock via Getty Images Automotive technology company REE Automotive (REE) announced it has received a formal delisting determination from The Nasdaq Stock Market LLC. Due to the company’s failure to regain compliance with the minimum bid price requirement, trading of its Class A ordinary shares Source link
Bank of England could boost bond demand with leverage rule tweak, banks say Source link
GBP/USD is testing a channel resistance near the 200 SMA, putting the pair’s broader downtrend right back under the spotlight. Source link
Australia Melbourne Institute inflation gauge is a privately conducted survey. Its not so much focused on any more now that the Australian Bureau of Statistics produces monthly CPI data.3.9% y/y for June 2026prior 4.4%-0.4% m.mprior -0.3%Also:ANZ-Indeed Job Ads, also for June -0.2% m/mprior 1.8% This article was written by Eamonn Sheridan at investinglive.com. Source link
USD/JPY extends its gains for the second successive day, trading around 161.70 during the Asian hours on Monday. The Japanese Yen (JPY) is caught in a high-stakes tug-of-war, buckling under surging import costs even as 10-year JGB yields hit a fresh 30-year high of 2.79%. This deep market divide has traders on high alert for immediate verbal intervention from Tokyo.The USD/JPY pair appreciates as the US Dollar (USD) holds its ground, buoyed by market expectations of multiple Federal Reserve (Fed) rate hikes later this year. This comes despite easing global inflation concerns, which have been helped by oil flows normalizing…
Impeachment trial of Philippine VP Sara Duterte to open in divided Senate Source link
Pouyanné’s comments point to an unusual bifurcation in the oil complex, with crude prices collapsing on a stockpile overhang even as refined product markets stay tight and priced well above what current Brent levels would imply. That gap creates an opportunity in refining margins for companies with spare processing capacity, while continuing to squeeze fuel-dependent sectors that are not seeing the benefit of cheaper crude passed through to the pump. The three to four month rebalancing timeline he cites suggests the dislocation is not expected to resolve quickly, keeping crack spreads elevated and adding another data point for traders trying…
Trump to meet leaders of Ukraine, Syria alongside NATO summit Source link