Fundamental Overview The USD continues to be supported amid the ongoing de-escalation in trade wars. This has most likely to do with positioning rather than fundamentals. The short dollar trade got very overstretched so positive news on the tariffs front is providing a pullback. In the medium term, the US Dollar should keep on depreciating […]
Australia’s retail sales grew at a slightly faster pace in March with higher food-related spending in supermarkets and grocery stores, the Australian Bureau of Statistics said Friday. Retail turnover climbed 0.3 percent month-on-month in March, slightly faster than the 0.2 percent rise in February. However, this was weaker than economists’ forecast of 0.4 percent. The
Markets trade on a cautiously optimistic in Asian session, supported by fresh signs that US-China trade tensions may be starting to thaw. China’s Commerce Ministry said the US has repeatedly expressed interest in reopening negotiations, adding that Beijing is “evaluating” these overtures. This marks the most constructive public tone from Beijing since the US enacted
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
FX option expiries for May 2 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.1150 1.6b 1.1250 1b 1.1300 726m 1.1385 644m USD/JPY: USD amounts 144.25 594m 145.00 830m 146.00 1.5b 147.50 1.6b USD/CHF: USD amounts AUD/USD: AUD amounts 0.6300 653m 0.6450 894m 0.6550 803m USD/CAD: USD amounts 1.3700 998m 1.3825
Hopes for a thaw in US-China trade tensions gained momentum Friday after Beijing confirmed that Washington had recently conveyed, repeatedly, a desire to start negotiations. “The US has recently sent messages to China through relevant parties, hoping to start talks,” China’s Commerce Ministry said, adding that “China is currently evaluating this.” The ministry noted that
The Australian Dollar maintains its position despite a disappointing Retail Sales MoM for March. The AUD may come under pressure as renewed fears of a global economic slowdown weigh on commodity markets. Trump signaled potential trade agreements with India, Japan, and South Korea, and voiced optimism about reaching a resolution with China. The Australian Dollar
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
The manufacturing sector in the Philippines climbed back up into expansion territory in April, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 53.0. That’s up from 49.4 in March, and it moves above the boom-or-bust line of 50 that separates expansion from contraction. The fresh upturn in the
The monetary base in Japan was down 4.8 percent on year in April, the Bank of Japan said on Friday – coming in at 656.977 trillion yen. That missed expectations for a decline of 2.0 percent on year following the upwardly revised 3.1 percent contraction in March (originally -3.2 percent). Banknotes in circulation were down
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
The USD/JPY is trading with strong gains near 146.00 as the Yen weakens sharply following the BoJ’s dovish policy guidance. US jobless claims surged to 241,000 while the ISM Manufacturing PMI slipped to 48.7, reinforcing expectations for Fed rate cuts later this year. Technical outlook remains bullish short-term, with the pair testing resistance near 146.64
Microsoft and Meta beat Q1 estimates, fueling AI-linked stock surge and tech-led Dow rally. ISM Manufacturing PMI contracts; jobless claims hit highest since February, raising slowdown concerns. Markets price in 94 bps of Fed cuts for 2025; 2-year yield signals policy shift ahead. The Dow Jones Industrial Average (DJIA) rallied over 100 points, or 0.24%,
EURUSD I have been speaking loud about the 1.1271 – 1.1275 area in the EURUSD as a key level for the buyers and sellers (see post here). The level corresponds with the swing high from 2023, and the 61.8% retracement of the move down from the 2020 high to the 2022 low (not shown). Move
U.S. stock index futures climbed on Thursday, driven by tech giants Microsoft and Meta. Microsoft jumped nearly 9% in premarket trading after predicting strong growth for its Azure cloud business, while Meta rose 6.3% thanks to higher-than-expected revenue fueled by strong ad performance. /* Requesting advertisement by calling an endpoint assures that the advertisement is
