Credit Agricole says that its month-end fixing model is pointing to mild dollar buying into the June fix. The firm notes that: “Global equity markets were broadly firmer in June. In FX, the USD has outperformed across the board on the month. Overall, the moves in equity markets, when adjusted for market capitalisation and FX […]
Norway’s retail sales decreased in May after rebounding in the previous month, preliminary data from Statistics Norway showed on Friday. The volume of retail dropped a seasonally adjusted 2.1 percent month-on-month in May, reversing a 0.1 percent increase in April. Sales of cultural and recreational goods declined the most by 6.2 percent, and those of
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Bitcoin’s brief rebound following Micron’s blockbuster earnings proved remarkably short-lived. While the chipmaker surged more than 15% after issuing massive revenue guidance, the improvement in market sentiment evaporated almost as quickly as it arrived. Bitcoin is once again trading under heavy pressure as it struggles to defend the psychologically important 60,000 level. More importantly, if
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Summary: Asian equities are getting hammered after the New York Times reported OpenAI is leaning toward delaying its IPO until 2026, triggering a broad tech selloff across the region The Nikkei is down around 4.5% with SoftBank falling 12% or more, as CEO Masayoshi Son’s heavily publicised bet on OpenAI comes under pressure The KOSPI
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The core-core at 1.9% against a 1.8% forecast is the most significant number in the release for BOJ watchers, as it is the measure the board treats as the clearest read on underlying trend inflation. A move from 1.6% to 1.9% in a single month, combined with wholesale inflation already at a three-year high of
The Bureau of Economic Analysis (BEA) released the Personal Consumption Expenditures (PCE) price index data on June 25, 2026. The headline PCE price index rose 0.4% on a month-over-month basis and 4.1% year-over-year, matching the Bloomberg economic calendar consensus forecasts. Meanwhile, the core PCE price index—which excludes volatile food and energy components and serves as
Japan Tokyo CPI June 2026, y/y: Headline CPI 1.7% expected 1.7%, prior 1.4% Core CPI 1.6%, below BoJ target for the fifth month expected 1.6%, prior 1.3% CPI Ex Food and Energy (core-core and the closest to US core CPI measure) 1.9% expected 1.8%, prior 1.6% This article was written by Eamonn Sheridan at investinglive.com.
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Singapore will on Friday release May figures for industrial production, highlighting a light day for Asia-Pacific economic activity. Production is expected to rise 2.0 percent on month and 17.0 percent on year following the 5.8 percent monthly increase and the 17.6 percent spike in April. Japan will see June results for consumer prices in the
As the North American session comes to a close and the Asian-Pacific trading day begins, key technical levels in USDJPY are starting to converge. On the downside, the 100-hour moving average comes in at 161.627. Earlier today, the pair briefly dipped below that moving average for the first time since June 17, but buyers quickly
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A decade into the effort to move dealer-to-dealer foreign exchange swaps trading off the telephone and onto screens, more than two-thirds of interdealer volumes are still going through voice brokers. But as pressure on brokerage costs grows, and new technologies allow for automated management of credit lines, banks are increasingly taking a closer look at
The US dollar is rebounding sharply as rate cut expectations give way to hike bets. We explain the key drivers and what it means for traders. Source link
