Inflation hits 2.5-year high in June South Korea's consumer price index rose 3.2% year on year in June. The increase was driven by high global oil prices and a weaker won. The Bank of Korea may consider a rate hike at its July 16 meeting, with two board mem
GBP/USD bounces back to 1.3300 area The Pound Sterling has been fighting to recover from its recent lows, with GBP/USD clawing back to the 1.3300 area. The currency's recovery is being hindered by a ceiling formed by its 50-day and 200-day Exponential Moving Averages.
Global growth forecast at 3.1% in 2024, driven by US profits and AI demand, but regional disparities persist amid inflation risks. The S&P 500 has surged to record highs on AI-driven demand and US profit strength, leaving strategists cautioning that equity valuations now o
The Australian Dollar remains range-bound at its 200-day EMA, driven by external factors as domestic cues fade. AUD/USD has traded in a tight range near 0.6900 for two weeks, anchored to its 200-day Exponential Moving Average after a sharp decline from 0.7200 in mid-June.
EUR/USD to recover to 1.20 by Q1 2027 The euro is expected to rally against the US dollar, driven by rate spread dynamics. A narrowing gap between US and European yield expectations will support the pair. The 10-year German bund yield fell 8bps in June, ref
USD/CNH trades in a 6.7860-6.7990 range The Chinese yuan has consolidated against the US dollar, with USD/CNH slipping to 6.7865 before rebounding. The pair's rebound from oversold conditions suggests limited further downside. On a medium-term view, a recov
XAG/USD rises 1.25% but remains range-bound near $60, with technical indicators suggesting a possible test of higher resistance levels. Silver (XAG/USD) extended its gains for a second day, climbing over 1.25% but staying below the $60 mark. The metal has traded sideways b
Crude futures settle at $68.58, the lowest level since the Iran War began, while US equities retreat amid mixed economic data. US stocks closed lower after a midday Nasdaq rebound lost momentum, capping a volatile session. Crude oil futures settled at $68.58, the lowest pr
Resilient US manufacturing and higher Treasury yields support the DXY despite a softer-than-expected ISM PMI print. The US Dollar Index (DXY) remained firm near 101.40, bolstered by resilient manufacturing activity and elevated long-term Treasury yields. The June ISM Manuf
Speculation over potential USMCA trade deal termination weighs on the peso as the dollar strengthens. The Mexican peso fell to 17.55 against the US dollar Wednesday, driven by rising concerns over the possible cancellation of the USMCA trade agreement. The deal, signed in
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