Japanese Yen stays on the back foot despite hawkish BoJ expectations

USD/JPY extends its sideways movement below the 160 psychological mark on Tuesday as the US Dollar (USD) struggles to gain traction. Receding expectations of a Federal Reserve (Fed) interest-rate hike at the upcoming meeting weigh on the Greenback, even as tensions in the Middle East keep the monetary policy outlook uncertain. At the time of […]

LNG inflows key for prices – Commerzbank

Commerzbank’s Norman Liebke argues that European gas storage will depend on higher LNG imports over winter, as current inflows of 8 bcm per month would see storages trend toward 0% by March. He considers 10 bcm realistic, but warns that delayed import recovery, strong Asian demand and missing Qatari LNG raise upside risks for European […]

British Pound dips to fresh lows near 1.3520 after mixed UK employment data

The British Pound (GBP) extends its reversal against the US Dollar (USD) on Tuesday as June’s UK unemployment data fails to convince investors in an already risk-off market, as tensions in the Middle East rise. The GBP/USD trades at 1.3522 at the time of writing, following rejection at the 1.3570 area on Monday. UK ILO […]