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Markets Markets are testing the resolve of Japanese officials. USD/JPY broke through the 160-level which triggered FX interventions at the end of April and early March. The pair set a new nearly 40-yr high above 160.50. Verbal warnings by the Japanese (vice-) finance minister earlier this week don’t result in effective action yet. Japan’s currency […]

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01/12/2023

USD/CAD Eyes Canadian Job Data, US PMI

Canada’s job growth expected to expand by 15,000 US ISM Manufacturing PMI projected to accelerate to 47.6 The Canadian dollar continues to gain ground against a slumping US dollar. In the European session, USD/CAD is trading at 1.3529, down 0.23%. The Canadian currency is poised to post a third straight winning week against the greenback […]
18/07/2024

Change of Heart from Fed Governor Waller Significant

Markets We’ve given Fed governor Waller plenty of attention this year. He’s been the voice of the large minority inside the Fed who from the beginning of the year has been pushing to keep policy rates at their peak levels for longer. Markets had to gradually retrace from huge easing bets at the beginning of […]
19/06/2024

UK Inflation Back at 2% But Services Inflation Remains a Concern, GBP/USD Rises

UK Inflation Rate: UK Inflation Rate YoY reaches 2% yet services inflation poses a challenge. UK Core Inflation Rate YoY 3.5% down from a previous print of 3.9%. GBP/USD rises as 1.2750 resistance area beckons. The Bank of England (BoE) will likely have mixed feelings this morning following the release of the May inflation report. […]