EUR/JPY Rises Above 173.50, Focus on Eurozone PMI The EUR/JPY pair remains in positive territory for the sixth consecutive day, trading near 173.80 during the early European session on Wednesday. This sustained upward movement is primarily due to the weakening
Gold Holds Steady Below 50-Day SMA, Awaits Fed Chair Powell’s Speech Gold prices (XAU/USD) faced fresh selling pressure during the Asian session on Tuesday, reversing the previous day’s gains and approaching the 50-day Simple Moving Average (SMA), a significant resistance
US Yields Boost Dollar, Weaken Yen The dollar strengthened on Tuesday, driven by rising U.S. yields, putting pressure on low-yielding currencies like China’s yuan and Japan’s yen, which fell to its lowest level since 1986. Benchmark 10-year Treasury yields increased
Asian Shares Mixed After Wall Street Gains Asian stocks experienced mixed performance on Tuesday following gains on Wall Street and a surge in U.S. bond yields as election-related issues influenced global markets. U.S. futures declined, while oil prices increased. The
Australian Dollar Drops on Weak Manufacturing PMI The Australian Dollar (AUD) may find some relief as the Caixin Manufacturing PMI from China increased to 51.8 in June, surpassing expectations of a decline to 51.2 from May’s 51.7. This unexpected boost
Japan’s Land Prices Rise at Fastest Pace Since 2010, Tax Agency Reports In 2023, Japan’s land prices experienced their fastest rise since comparable data became available in 2010, as reported by the National Tax Agency on Monday. This increase highlights
NZD/USD Reclaims 0.6100 Amid Weaker USD, Limited Upside The NZD/USD pair is experiencing some dip-buying during the Asian session on Monday, aiming to build on Friday’s modest bounce from the mid-0.6000s, its lowest level since mid-May. Currently, spot prices hover
Pound Sterling Steady Ahead of US Core PCE Inflation Data The Pound Sterling (GBP) remains subdued against the US Dollar (USD) during Friday’s London session. The GBP/USD pair has edged down this week as investors exercise caution ahead of the
Debate Highlights: Biden Struggles Against Trump on Economy During the recent presidential debate, President Joe Biden struggled to demonstrate his readiness for a second term, faltering against former President Donald Trump. The debate was controlled and policy-focused, contrasting the 2020
NZD/USD Nears Mid-0.6000s, Lowest Since Mid-May Ahead of US PCE The NZD/USD pair faces renewed selling pressure after a brief respite, plummeting to its lowest level since mid-May during the Asian session on Friday. Spot prices are currently trading just
WTI Falls Below $80 on Unexpected US Crude Stockpile Increase West Texas Intermediate (WTI) crude oil prices edged lower to around $80.30 during the Asian session on Thursday, retreating further from a two-month high of $81.65. This decline was primarily
Yen Set for Major Swings Amid Intervention Threat, Charts Indicate The market is bracing for a significant increase in yen volatility as the currency slumps to its lowest level since 1986, raising concerns about potential Japanese intervention. Volatility spreads reveal