The focus this week turns back to the Southern Hemisphere with the winter time meetings for the RBA and RBNZ. The former is set to cut its cash rate by 25 bps to 3.60% while the latter is expected to keep its official cash rate unchanged at 3.25%. And going into the respective decisions, the market pricing for both…
GBP/USD Forecast: Pound Sterling buyers hesitate after modest recovery Following the sharp decline seen on Wednesday, GBP/USD found support on Thursday and closed the day marginally higher. The pair, however, struggles to extend its rebound and trades in a narrow band at around 1.3650 in the European session on Friday. Easing geopolitical concerns in the UK helped Pound Sterling…
The RBA is expected to cut interest rates this week, but will Governor Bullock and her crew hint at more easing ahead? More importantly, how will the Aussie react to a move that everyone already sees coming? Here’s what you need to know if you’re trading the event. This Article Is For Premium Members Only Become a…
Trump on his social media app: I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America. This article was written by…
The Euro strengthens against the British Pound on Friday, supported by broad-based Sterling weakness. UK fiscal concerns intensify after the welfare reform bill passes with reduced cost-saving measures. Eurozone PPI fell 0.6% MoM in May, easing price pressures and aligning with ECB’s cautious stance. The Euro (EUR) strengthens against the British Pound (GBP) on Friday, as the Pound remains…
Markets widely expect the Reserve Bank of Australia to cut its cash rate on Tuesday The statement from the Reserve Bank of Australia is due on July 8 at 2.30pm Sydney time: 0430 GMT 1230 US Eastern time As you can see, while it’s a widely shared expectation, not all analysts are convinced. Bank of America analysts argues that…
USD/CHF posts mild losses as President Trump reignites tariff fears ahead of the July 9 deadline. The Swiss Franc strengthens as the US Dollar loses momentum on safe-haven demand. USD/CHF consolidates below 0.800 ahead of Trump’s ‘Big Beautiful Bill’ signing. The Swiss Franc (CHF) is posting modest gains against the US Dollar (USD) on Friday, as renewed fiscal and…
Oil prices fell just over 1% at the Globex open on Sunday evening US time after OPEC+ announced a larger-than-expected increase in output for August, consolidating a strategic shift to regain market share The alliance of oil-producing nations said it would boost production by 548,000 barrels per day, a sharp rise from the previously planned 411,000 bpd, catching markets…
Semiconductors are the fourth most traded good globally and impact a host of consumer goods. Semiconductor supply chain is complex, with different economies dominating different parts. US administration is conducting investigations into semiconductor supply chains; threatening tariffs. US industry representatives prefer domestic incentives over tariffs, Standard Chartered’s economists Madhur Jha and Ethan Lester report. Tariff impact could be far-reaching…
A cargo ship was attacked and set ablaze in the Red Sea off Yemen on Sunday, prompting the crew to abandon ship as it began taking on water. Liberian-flagged, Greek-owned bulk carrier Magic Seas first targeted by gunfire and rocket-propelled grenades launched from eight small boats armed security on board returned fire vessel was later hit by four sea…
