USD/JPY Update: PMI Data, US Yields Provide USDJPY Reprieve
USD/JPY accelerated the intra-day decline at the release of US PMI data, showing cracks within the robust US economy. Yields, USD sharply lower as JPY catches broad bid
USD/JPY accelerated the intra-day decline at the release of US PMI data, showing cracks within the robust US economy. Yields, USD sharply lower as JPY catches broad bid
US PMI continued the trend today and missed estimates showing signs that the rate hike cycle is being felt. Canadian retail sales provided mixed signals with USDCAD eyeing Jackson Hole for its next move. Retracement incoming or consolidation ahead?
Sterling briefly hit a multi-month low against the US dollar earlier after the latest PMI release showed that the UK economy is suffering
A slowing Chinese economy and the chance of ‘higher for longer’ US interest rates doesn’t make a bullish mix for oil prices
Gold has shown an increasing correlation to elevated yields and the dollar, weighing on the metal over the longer-term. Recent dips in yields provides short-term relief
Outlook on FTSE 100, DAX 40 and Dow amid a plethora of manufacturing and services flash PMIs and Nvidia’s after-hours earnings results.
Euro Area PMI data came in below expectations which is likely to fuel talk of a pause from the ECB in September. Eyes now on Christine Lagarde at Jackson Hole for more guidance.
The upward pressure has eased in Bitcoin and Ethereum after the recent sharp fall. However, the fall isn’t sufficient to conclude that this year’s rally is over. What is the outlook and the key levels to watch?
GBP has failed to extend gains following strong UK inflation data — a sign that some broader fatigue may have started to take effect. What is the outlook for GBP/USD, EUR/GBP and GBP/JPY?
China/Hong Kong equities are testing crucial support areas that could define the trend for the next few weeks, possibly months. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?