The Japanese Yen struggles to capitalize on modest Asian session gains against the rebounding USD. Hawkish June BoJ meeting Minutes reaffirmed rate hike bets and should limit the JPY downside. Rising September Fed rate cut bets could act as a headwind for the USD and cap the USD/JPY pair. The Japanese Yen (JPY) remains on […]
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
The private sector in Hong Kong continued to contract in July, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 49.2. That’s up from 47.8 in June, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. A key factor
In July 2025, consumer prices in South Korea increased by 2.1% compared to the same month the previous year. This represents a slight decrease from June’s 2.2% rise, aligning closely with market forecasts which anticipated a 2.13% increase. Notable price hikes were observed in various categories, with miscellaneous goods and services climbing by 4.3%, food
Overall consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday. That was in line with expectations and up from the flat monthly reading in June. On a yearly basis, consumer prices rose 2.1 percent – again matching forecasts and slowing from 2.2 percent
Australia S&P Global July final services PMI comes in at a much improved 54.1 Composite 53.8 — Australia’s services sector saw stronger growth in July, marking a solid start to the second half of 2025, according to S&P Global. New business rose sharply, and export demand stabilised after four months of declines. The pickup in
Hong Kong Monetary Authority bought just under 6.4bn HKD to prop up the currency. The HKD has been running along weaker end of its trading band (ie top end of the USD/HKD band). — I’ve posted on this before, ICYMI: Since 1983, the HKD has been pegged to the U.S. dollar under a Linked Exchange
DoubleLines Jeffrey Gundlach is on CNBC. He is more of a bond guy, but is considered a big thinker. His base case is still two rate cuts this year. Employment is clearly weakening. Thought that the Fed chair Powell was quite hawkish at the press conference last week. Thinks that the Fed chair should serve
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
OPEC + have for the best part of the last 4 years since the Covid pandemic stuck to the line of ‘price stability’. However since the election of US President Donald Trump who pledged lower Oil prices and urged American companies to drill even more, they appear to have pivoted strategies. Looking in from the
The USDCAD surged to fresh highs following President Trump’s announcement of a sweeping 35% tariff on Canadian imports—among the most aggressive trade measures for major countries. That news initially triggered heavy CAD selling. However, the momentum shifted after a softer-than-expected U.S. jobs report failed to sustain the upside drive. In response, USDCAD reversed sharply lower,
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Gold firms above $3,350 as the US Dollar remains under pressure on Monday. The soft July NFP report has heightened market bets on a potential interest rate cut in September. Fears of political interference grow after US President Donald Trump fires BLS Commissioner Erika McEntarfer. Gold (XAU/USD) kicks off the week on a cautious note,
The White House NEC Director Hasset is speaking on CNBC saying: The employment data has been very unreliable The data needs to be modernized Need a fresh set of eyes at the BLS. It would be incumbent on the BLS to explain the revisions. To make sure the data is transparent we are going to
This week’s trading opportunity Chris Beauchamp: Hello and welcome to “Trade the week” for the week beginning Monday 4th August. Let’s look firstly at this week’s “Trade of the week”. We’re going to go long the S&P 500. Yes, it might seem foolhardy after those job numbers. It might seem like we’re just continuing to ignore the bad
The Japanese yen is steady on Monday. In the European session, USD/JPY is trading at 147.72, up 0.09% on the day. On Friday, the yen soared 2.2%, its best one-day showing since April. US nonfarm payrolls misses forecast The week ended with a softer-than-expected US employment report. Nonfarm payrolls for July rose by only 73
