The pound sterling extends gains to 1.3400, reaching its 200-day EMA for the first time in eight consecutive sessions. GBP/USD has climbed for eight straight days, rising from near 1.3150 to test its 200-day Exponential Moving Average. The pair now sits at a critical techn
The pair extends an eight-day rally to 1.3350, shrugging off hawkish Fed signals and soft US data as rate hike bets fade. GBP/USD rose for an eighth straight session, reaching 1.3350 and testing its 200-day Exponential Moving Average. The move came despite hawkish Fed comm
Federal Reserve Governor Waller’s hawkish remarks and strong US services data keep the USD steady against major peers. The US Dollar Index (DXY) traded neutrally around 100.90 on Monday, supported by Federal Reserve Governor Christopher Waller’s commitment to the 2% inflat
May household spending in Japan is poised to decline year-on-year, extending a streak amid elevated living costs and tough comparisons. Japan’s cash earnings data is expected to show continued strength in July, reflecting stable wage growth. However, household spending lik
Chinese Yuan and equities remain under-owned Chinese equities and the Chinese Yuan (CNY) are heavily under-owned versus Asia-Pacific peers. Cross-border holdings are at very low levels, with fundamentals still not compelling. The CNY is the worst-held APAC
Hawkish Fed comments and strong US services data lift the USD, weighing on the New Zealand dollar near 0.5700. The New Zealand dollar fell below 0.5700 against the US dollar as Federal Reserve Governor Christopher Waller reaffirmed the central bank’s commitment to its 2% i
Markets price nearly four 25 bps hikes by the RBNZ over the next year, but mixed signals weigh on the New Zealand Dollar. The Reserve Bank of New Zealand is widely expected to hike rates by 25 basis points to 2.5% at its July 8 meeting, aligning with consensus forecasts. H
Swiss Franc dips amid unemployment surprise, strong US Dollar USD/CHF gains 0.37% on Monday, trading around 0.8060 at the time of writing, as the US Dollar (USD) rebounds despite slightly softer expectations for further monetary tightening by the Federal Reserve
Swiss Franc weakens after June unemployment rate unexpectedly increases to 3.1%, while US Dollar gains on geopolitical risks and Fed policy bets. The USD/CHF pair climbed 0.37% to around 0.8060 on Monday, driven by a stronger US Dollar and a surprise rise in Switzerland’s
The Pound Sterling steadies during the North American session, as the week begins in a risk-off mood, as evidenced by overall US Dollar strength in the FX markets, even though soft jobs data and trimmed hawkish Fed bets for the rest of the year. At the time of writing, the
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