The main highlight in ending the week for US markets was the non-farm payrolls release yesterday. It was a disappointing headline figure, which led to further downside in the dollar. In case you missed it: US June non-farm payrolls +57K vs +110K expected Still, US stocks closed in a more mixed mood amid a big rotation into value stocks…
The British Pound (GBP) steadies against the US Dollar (USD) on Friday, but it is poised to end the week with gains of over 1% as investors turn skeptical that the Federal Reserve (Fed) will raise interest rates at its September meeting. At the time of writing, the GBP/USD pair is consolidating around 1.3350, unchanged for the day. GBP/USD…
Nike stock is showing signs of a constructive long-term repair after its recent post-earnings volatility. The setup is not strong enough to justify chasing rallies, but the chart has improved enough that patient investors may want to watch pullbacks into support. On my scale, the current Nike stock score is +6 / +10, meaning moderately bullish. NKE stock store…
British Pound holds weekly gains as Fed hike doubts deepen The British Pound steadied against the US Dollar on Friday, but it is poised to end the week with gains of over 1% as investors turn skeptical that the Federal Reserve will raise interest rates at the September meeting. The GBP/USD consolidates at around 1.3350, unchanged. Read More… British Pound holds firm near…
There are a few large expiries to take note of on the day, as highlighted in bold below. However, they do sit quite a distance away from the current spot price. As such, the expiries highlighted may not feature much into play but is worth noting just in case. The first one is for EUR/USD at the 1.1500 level….
UOB’s Quek Ser Leang notes that USD/SGD’s sharp drop toward 1.2900 looks overdone, but the pair may still test support near 1.2890 in the near term before stabilising. Intraday resistance is seen around 1.2935/1.2950, while for the next one to three weeks the bank expects USD/SGD to trade in a slightly higher 1.2890–1.2990 range. Short term downside, broader range…
EUROPEAN SESSION In the European session, the only highlights will be the final PMIs for the major Eurozone economies and the UK. The data is not going to change anything for the respective central banks, so the market reaction will be muted. In terms of price action, we will likely see just a follow through of yesterday’s moves as…
Commerzbank analyst Norman Liebke reports that the Copper market is focused on a potential 15% US import tariff on refined Copper, which could temporarily boost US demand and prices if implemented in 2027. At the same time, Barbara Lambrecht highlights worsening supply from Chile, where mine output is falling, reinforcing concerns about tight global Copper ore availability. US policy…
Interest rate moves are determined by markets Monetary policy falls under the jurisdiction of the BOJ Government will continue to work closely with the BOJ Will not pursue fiscal policies that undermine market confidence Closely monitoring market movements with high sense of urgency Always monitoring daily market moves, economic indicators Will take appropriate action on FX at all times…
USD/CHF heads for its first weekly loss in five weeks as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday weighed on the US Dollar (USD). The pair rebounds on Friday as the Greenback stabilizes, with traders reassessing the Federal Reserve’s (Fed) interest rate outlook. At the time of writing, USD/CHF is trading virtually unchanged around 0.8034 after touching…
