Author: FX
USD/CAD is testing support after MACD flipped into negative territory. Is this the start of a deeper correction or a potential bear trap? Source link
investingLive Americas FX news wrap 30 Jul USDJPY moves sharply lower on speculation of intervention. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The dollar sank across the board Thursday as suspected Bank of Japan intervention hammered the yen, while a chip stock rebound lifted equities ahead of Friday’s BOJ decision. Source link
Here is what you need to know for Friday, July 31:The US Dollar (USD) falls sharply during the American session on Thursday after United States economic growth missed expectations and underlying inflation moderated. Additional pressure comes from a sudden surge in the Japanese Yen (JPY), which fuels speculation that Japanese authorities intervened in the foreign exchange market.The US Dollar Index (DXY) declined around 0.8% and trades near 100.00, falling below the psychological 100.00 level. Preliminary US Gross Domestic Product expanded at an annualized rate of 1.5% in the second quarter, below the 2.1% market forecast. Core Personal Consumption Expenditures inflation…
BOE Bailey is back on the wires saying:Disinflation is proceeding slowly.Labour market is weakening gradually.Markets are pricing and potential interest rate increasesWhile a low hire rate, economy is contributing to unemploymentThe BOE Rate unchanged today with a vote of 6-3. In his press conference, Bank of England Governor Andrew Bailey struck a cautious tone after the BoE left interest rates unchanged. While he acknowledged that higher energy prices could eventually create inflationary “second-round effects,” he emphasized there is little evidence that those pressures have become embedded in wages or broader pricing so far.Bailey said the UK economy remains subdued, the…
The yen jumped 2% Thursday on suspected Bank of Japan intervention, with no confirmation yet and an even bigger BOJ rate decision due Friday. Source link
TD Securities strategists highlight that the Bank of England (BoE) kept Bank Rate at 3.75% with a 6-3 split, signalling slightly more hawkish rhetoric but continued comfort with existing tightening. The July Monetary Policy Report shows a more benign inflation and growth outlook, yet risks remain skewed to the upside. They still expect Bank Rate on hold through September and an easing cycle starting in H1 2027.BoE stance, projections and risks”However, the softer inflation profile in these projections and continued evidence of underlying disinflation give us enough comfort in our call for Bank Rate to remain unchanged in September, barring…
Affiliated Managers Group, Inc. declares $0.01 dividend Source link
XTB Institutional Expands Commodity Offering and Extends Friday Trading Hours !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Litecoin has reached new lows near the 40 area within a five-wave bearish impulse, where we are now seeing some stabilization, which can be a signal for the bottom formation.The recent recovery attempt from the lows is starting to show some constructive signs, as Litecoin may be developing a leading diagonal structure to the upside. This type of formation can often appear at the beginning of a larger reversal and may provide the first indication that sellers are losing control.LTCUSD 4H ChartHowever, after completing wave (5) of a leading diagonal formation, we may now see a corrective ABC pullback before…