EUR/USD is testing a key long-term floor while the Fed chair and ECB president share the same stage this week. The pair has dropped sharply from its 2026 highs, and now it’s facing the same two forces that drove it lower in the first place: Fed hawkishness and a stronger dollar. At the same time, the charts are flashing…
It’s going to be a bit of a hectic week, and a holiday-shortened one at that, with US markets closing early on Thursday and then closing on Friday in the run up to Independence Day. As such, that will see a lot of things being crammed together over the next four days for markets. So, let’s take a look…
The US Dollar (USD) starts the week on a steady note, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trading calmly near 101.35. However, investors brace for high volatility in the counter as an array of United States (US) data is scheduled to be published this week, especially the Nonfarm Payrolls (NFP)…
GBP/USD has been cruising inside a descending channel with its lower highs and lower lows. Can it pull off another retracement to the channel top?
A 130k headline that embeds a 40k World Cup distortion implies an underlying trend read closer to 90k, which at the current stage of the Fed’s deliberation on rate timing would register as a meaningful softening signal. The private payrolls forecast of 95k is the number to watch: if it prints near Goldman’s estimate rather than the 118k consensus,…
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.60 during the early Asian trading hours on Monday. The WTI price falls after reports that the United States (US) and Iran have agreed to pause strikes and plan talks in Qatar on Tuesday. Washington and Tehran have agreed to end more than three days of retaliatory strikes in…
RBA Kent speech: In brief on Kent’s speech, its not really addressing current high inflation. While Kent did say the board would be less tolerant on inflation, it was in the context of rates when they are already very low (ie not the current circumstance), not as a general statement. The specific passage was: “When interest rates are already…
Geoff Yu at BNY notes that Taiwan’s strong equity performance in 2026 has coincided with net institutional outflows, mainly from U.S. pensions and hedge funds, while APAC and EMEA investors provide support. TWD FX activity remains subdued and tied to rebalancing rather than directional demand, with Taiwan’s currency still screening as fundamentally undervalued. TAIEX strength, muted TWD flows “Taiwan…
Oil has jumped a little on the weekend news: Iran, US trade strikes. Gulf ceasefire unravels over weekend. Will probably ravel soon. The escalation has since unwound somewhat: US and Iran halt strikes again with Hormuz talks set for Tuesday in Qatar Oil up a little but its not like its surging higher at all. And, you take a…
USD/JPY ended the week pressing the 162.00 handle, a whisker beneath its multi-decade high, and the more revealing detail is what it took to drag the Yen up there: a Bank of Japan (BoJ) rate hike that was billed as the turning point. The June move to 1.00% was the policy Yen bulls had demanded for two years, and…
