Stronger than expected inflationary pressures in Canada could revive BOC tightening talks! Our Event Guide for the Canadian CPI Report notes that the prices component of PMI surveys saw a strong uptick in July. Here’s what I’m looking at on CAD/CHF and GBP/CAD if this happens.
There is perhaps just one to take note of on the day, as highlighted in bold below. That being for USD/JPY at the 159.00 level. But as mentioned before with expiries for the currency pair, it is all about intervention risks right now. The psychological game is what is dictating the narrative for USD/JPY and that isn’t going to…
Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 13,495.00 Indian Rupees (INR) per gram, up compared with the INR 13,455.97 it cost on Friday. The price for Gold increased to INR 157,403.00 per tola from INR 156,947.80 per tola on friday. Unit measure Gold Price in INR 1…
This week, potentially softer-than-expected Canadian inflation could pile on BOC rate cut bets and drag the Loonie lower against its major rivals. Our Event Guide for the Canadian CPI Report notes that average hourly wages for July came in well below expectations, hinting that underlying price pressures may not be as firm as the headline consensus suggests. In this…
Bloomberg says dark trade oil shuttles are the reason Iran war hasn’t spiked oil prices !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7873 compared to Friday’s fix of 6.7878 and 6.7382 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central…
PBOC is expected to set the USD/CNY reference rate at 6.7382 – Reuters estimate !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The AUD/USD pair trades with mild gains near 0.7090 during the early Asian session on Monday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as Federal Reserve (Fed) rate hike odds fade amid weaker US economic data. Traders brace for China’s Retail Sales and Industrial Production reports, which are due later on Monday. Data released by the…
Globex is open for the new week, oil a touch higher (not much) !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Ethereum price today: $1,880 Ethereum Net Taker Volume shows a mild dominance in short positioning over the past two weeks. Open interest declined earlier in the week despite positive funding rates. ETH’s technical setup suggests a consolidating market, with price trapped in a tight band between EMAs’ support and resistance. Ethereum (ETH) derivatives interest has been ranging sideways over…
