USD/CAD trims some of its intraday gains, although the decline remains muted. Rising oil prices underpin the loonie and act as a headwind amid a modest USD pullback. Aggressive Fed rate hike bets favor USD bulls and should support the pair. The pair USD/CAD is supported by Friday’s bounce from the 1.3075 area and starts […]
Tag: RiskAppetite
USD/JPY maintains gains near 140.50, just below 24-year highs
USD/JPY receives fresh buying on Monday and approaches its 24-year high again. The general strength of the dollar and the divergence between the policies of the Fed and the BoJ remain supportive for the pair. Bulls are reticent amid thin trading volume due to US holiday. The pair USD/JPY it attracts new buying on the […]
RBA to raise rates another half point in September, with slower pace of tightening ahead – Reuters poll
The Australia’s central bank will raise the cash rate by 50 basis points on Tuesday to curb rising inflationbut will moderate the rate of increases in the remainder of the year, according to a Reuters survey of economists. The survey update also mentions that the Reserve Bank of Australia (RBA), one of the last to […]
GBP/USD struggles to preserve modest intraday gains and pulls back towards 1.1700
GBP/USD trims modest intraday gains and pulls back to the lower end of its daily range. A combination of factors is helping the dollar trim intraday losses and putting downward pressure. A gloomy economic outlook in the UK supports the prospects for a further short-term depreciation move. The pair GBP/USD struggles to take advantage of […]
USD/CAD recovers initial lost ground and returns to 1.3000 amid sharp drop in oil
USD/CAD reverses an intraday decline and is supported by a combination of factors. A sharp pullback in oil prices undermines the loonie and acts as a tailwind. A modest bounce in the dollar from the daily low contributes to the intraday rise. The pullback in US bond yields and the risk-on mood could weigh on […]
AUD/USD rises towards 0.6950 amid modest USD weakness
AUD/USD gains traction for the second day in a row and recovers from a six-week low. Pullback in US bond yields and risk boost weigh on the dollar and offer support for the pair. Aggressive bets on Fed rate hikes should limit deeper USD losses and keep the pair contained. The pair AUD/USD attracts some […]
Europe Approaches Gas Storage Target Despite Reduced Russian Supply – Bloomberg
The market’s cautious optimism was further strengthened by the latest news from Bloomberg on the Eurozone’s ability to fight the energy crisis during the Asian session on Tuesday. “The European Union is ready to meet its gas storage target two months ahead of scheduleas the bloc braces for a harsh winter as Russia limits supplies […]
UK: Utilities report record cost rises and are less optimistic about the future
According to the latest data from the Confederation of British Industry (CBI), released during the Asian session on Tuesday, UK utilities have posted record cost increases in the past three months and are dim optimistic about the future as inflation headwinds look set to further reduce demand. Following the release of the data, Charlotte Dendy, […]
India’s status as world’s fastest growing major economy will be short-lived – Reuters poll
It is likely that the India has posted strong double-digit economic growth in the last quarter, but economists polled by Reuters expect the rate to more than halve this quarter and slow further towards the end of the year as interest rates rise, according to the latest survey published on Monday. Key results yesGrowth this […]
Iran Could Distribute Its Offshore Crude Oil Deposits If Nuclear Deal Is Reached – Bloomberg
“Progress toward an Iranian nuclear deal has put in the spotlight a sizeable cache of crude held by Tehran that could be quickly shipped to buyers should a deal be struck.“Bloomberg said during a news story published early on Monday. Featured Statements Some 93 million barrels of Iranian crude and condensate are currently stored on […]