Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Trump has accused Japan of engaging in unfair trade practices in the automobile sector, calling for Tokyo to boost imports of U.S. energy and goods to help narrow the trade deficit. In a Fox News interview aired Sunday, Trump criticised the imbalance, noting that while the U.S. imports millions of Japanese vehicles, Japan takes few American-made cars in return:…
USD/INR slides to two-week low amid broad US Dollar weakness and strong Rupee demand. Rupee supported by FII inflows, equity market gains, and falling Crude Oil prices. DXY holds near a three-year low as Trump’s Fed criticism and soft US GDP fuel rate cut bets. The Indian Rupee (INR) strengthens further on Friday, riding a wave of US Dollar…
Bloomberg is gated, but in breif: NSW Treasury Corporation’s (TCorp) chief economist Brian Redican has called on the Reserve Bank of Australia to scrap its focus on hitting the 2.5% midpoint of its inflation target range the benchmark imposes unrealistic expectations on monetary policy creates unnecessary confusion in financial markets: inflation outcomes are more likely to be shaped by…
WTI Crude Oil reports the largest weekly loss since March 2023. OPEC prepares to increase supply by an additional 411,000 barrels per day in July, easing supply concerns WTI remains supported by the $64.00 psychological level, but easing tensions in the Middle East limit near-term gains. West Texas Intermediate (WTI) Crude Oil has fallen sharply since reaching a high…
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week. Indicative rates, a little change from late Friday, USD a little softer (the story of the hapless US dollar for 2025 so far! Not a trend you want to be fighting.). EUR/USD 1.1736 USD/JPY 144.40 GBP/USD 1.3717 USD/CHF 0.7986 USD/CAD…
NZD/USD trades around 0.6045 on Friday after hitting an intraday high of 0.6079. The pair remains within a rising wedge formation, typically a bearish setup. NZD/USD hit 0.6089 on June 16, marking its YTD high, but has since lacked bullish follow-through. NZD/USD struggles to extend its recent advance on Friday, hovering near 0.6045 after an intraday high of 0.6079….
May prelim was 60.5 Final April reading was 52.2 Current conditions 64.8 vs 63.7 prelim Expectations 58.1 vs 58.4 prelim One -year inflation 5.0% vs 5.1 prelim Five-year inflation 4.0% vs 4.1% prelim Sentiment has rebounded from the April-May lows but still remains far below the levels from late 2024. The market reaction to the report has been minimal….
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
This narrow sea lane in the Gulf region is a route through which a fifth of the world’s oil and liquefied natural gas (LNG) flows, feeding a large part of the global economy. The northern side is controlled by Iran. As of 2023, 20% of the world’s liquefied natural gas and 25% of seaborne oil trade passes through the…
