German inflation continues to remain a sticking point for the ECB as they pause through the summer. The latest core annual inflation reading was at 2.8% in May, with headline annual inflation seen at 2.1%. The latter is estimated to climb a little to 2.2% in June, reaffirming that the ECB still has work to do in bringing price…
EUR/USD extends winning streak to seven days, hovering near 1.1726 after reaching a multi-year high of 1.1754. The US Dollar is pressured by Trump’s remarks, mixed macro data and Fed cut bets. Focus shifts to next week’s Eurozone flash inflation and US ISM PMI data. The Euro (EUR) climbs for an eighth consecutive day against the US Dollar (USD)…
EUR/CHF has formed lower highs and found resistance at the .9420 level, creating an ascending triangle pattern on its 4-hour chart. Is another bounce off support in the works? Or are we about to see a breakout soon? EUR/CHF 4-hour Forex Chart by TradingView This franc pair has been stuck in this triangle holding pattern for more than a…
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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…
