Eyes $80.00 amid US-Iran tensions, mixed technical setup
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day’s modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday. The commodity climbs to a fresh daily high in the last hour, with bulls now eyeing a move […]
New Zealand Dollar softens below 0.5900 on US-Iran talks uncertainty, stronger US PMI data
The NZD/USD pair loses traction to near 0.5870 during the Asian trading hours on Tuesday, pressured by stronger US economic data and safe-haven flows. Traders brace for New Zealand’s employment report, which will be published later on Wednesday. Business activity in the US manufacturing sector expanded at an accelerating pace in July, with the Institute for […]
Australian Dollar slides to 0.70 as US ISM PMI, revives the US Dollar
The Aussie Dollar retraces despite an overall risk-on mood as the US Dollar recovers some ground, sponsored by positive data, and easing geopolitical tensions in the Middle East. The AUD/USD trades at 0.7000 after reaching a daily high of 0.7050. AUD/USD retreats from session highs as stronger US factory data offsets risk-on mood Progress in […]
Mexican Peso outpace broad US Dollar strength, ahead of Banxico’s day
The Mexican Peso gains ground versus the US Dollar on Monday as risk appetite increases the carry-trade appeal of the emerging-market currency, while traders await the release of the Bank of Mexico (Banxico) monetary policy meeting late this week. The USD/MXN trades at 17.32, down 0.14%. USD/MXN falls on improved risk appetite; Mexico’s stronger growth […]
British Pound slips as strong ISM data revives the US Dollar
The Pound Sterling retreats somne 0.27% on Monday as the Greenback recovers some ground, as the US pauses strikes on Iran, and as both parties resume negotiations aimed at securing a rapid deal. The GBP/USD trades at 1.3439, after reaching a daily high of 1.3506. GBP/USD retreats as stronger US ISM Manufacturing PMI, UK fiscal […]
Growth momentum softens again – Standard Chartered
Standard Chartered economists Hunter Chan and Shuang Ding argue that China’s July data likely showed weaker momentum, with official PMIs for manufacturing, services and construction all below 50 and at multi-year lows. They note resilient but easing trade and Industrial Production, softer Consumer Price Index (CPI) below 1% year-on-year, and still-high PPI. Base effects likely […]
WTI stays lower near $78.50 ahead of US-Iran peace talks 2.0
West Texas Intermediate (WTI), futures on NYMEX, trade 7.4% lower at around $78.50 during the European trading session on Monday. The Oil price holds onto its opening losses, driven by the announcement of a ceasefire 2.0 between the United States (US) and Iran. Over the weekend, US President Donald Trump said, through a post on […]
Japanese Yen outperforms its peers amid speculation of fresh US-Japan intervention
The Japanese Yen (JPY) trades sharply higher against its major currency peers during the European trading session on Monday. The Japanese currency is up 0.6% at around 211.00 against the British Pound (GBP) even after giving back a majority of its early gains amid fears that the United States (US) and Japan could jointly intervene […]
Gains traction above 1.1500, while remaining constrained below 100-day SMA
The EUR/USD pair trades in positive territory near 1.1535 during the early European trading hours on Monday, bolstered by improved risk sentiment. The Euro (EUR) edges higher against the US Dollar (USD) after reports that US President Donald Trump had called off an attack on Iran and talks between the two sides would happen on Monday. Traders […]
New Zealand holds gains near 0.5900 despite weaker China PMI data
The NZD/USD pair holds positive ground near 0.5890 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) remains firm despite the downbeat Chinese economic data. Traders will closely monitor the developments surrounding the US-Iran peace talks and await the release of the US ISM Manufacturing PMI data, which is due later on […]
