FX

“One more good jobs report will be sufficient to be able to start tapering,” the US Federal Reserve (Fed) Governor Christopher Waller said in Yahoo Finance interview, adding that “we would like to start tapering early this fall.” Read: Federal Reserve Chair Powell: Make me a rate hawk, but not yet Further comments “We don’t look

GBP/USD climbs to one-week highs at 1.3780 as USD holds onto losses US dollar tumbles after Fed Chair Powell speech at Jackson Hole symposium. Cable soars on Friday, trims half of last week’s losses. The GBP/USD pair rose sharply on Friday and extended weekly gains. It is about to end the week hovering around 1.3765,

Previewing next week’s key macroeconomic data releases from the US, “payrolls probably slowed sharply after a 943k surge in July,” said TD Securities analysts. Key quotes “The pattern reflects less help from the seasonal adjustment process, particularly for the government sector, but underlying momentum appears to have faded as well. That is the signal from

EUR/GBP edges higher in the early European session on Friday. The Euro gains momentum on hawkish ECB, mixed data. The sterling remains on the backfoot amid concerns of economic slowdown due to Brexit induced supply-chain disruptions. EUR/GBP edges higher on the last trading day of the week in the early European trading hours. The pair

Dallas Fed President Robert Kaplan told CNBC on Thursday that it is still his view that at the September policy meeting, it would be time to announce a plan for tapering and start in October or shortly thereafter, as reported by Reuters. Additional takeaways “By and large, business contacts are weathering Delta at least as

The Bank of Korea (BOK), the South Korean central bank raised the base rate by 25 bps to 0.75%, marking it the first-rate hike since November 2018. The BOK became the first major Asian central bank to hike interest rates since the coronavirus pandemic began. The central bank embarked upon its tightening journey almost after

Wall Street’s main indexes opened near Tuesday’s closing levels.  Energy stocks underperform as oil loses bullish momentum. Technology shares edge higher after the opening bell. As signalled by the inactivity in futures trading, major equity indexes in the US opened near Tuesday’s closing levels on Wednesday. As of writing, the S&P 500 was flat at

Gold holds on above the psychological  $1800 level in the count down to Fed’s Powell on Friday.  The US dollar is consolidating ahead of the event, licking would at critical support in DXY near 92.80.  Update: Gold (XAU/USD) extend the previous day’s weakness to refresh intraday low around $1,795, down 0.45% on a day during

Gold gained some positive traction during the early North American session and climbed to near three-week tops, around the $1,809 area in the last hour, albeit lacked follow-through. Worries that the continuous surge in the Delta variant infections could threaten the global economic recovery. The concerns drove some flows towards traditional safe-haven assets, including gold.

EUR/GBP prints minute gains on Tuesday in the Asian trading session. Probable downside if price decisively moves beyond 0.8550.     Momentum oscillators hold onto the oversold zone with a bearish sentiment. EUR/GBP continues to grind shallow price movement on Tuesday tracing the previous session’s lull performance. At the time of writing, EUR/GBP is trading at

GBP/USD witnessed an aggressive short-covering move on Monday amid a broad-based USD weakness. The set-up favours bearish traders, warranting some caution before positioning for any further gains. The GBP/USD pair refreshed daily tops heading into the North American session, with bulls looking to build on the momentum further beyond the 1.3700 mark. The mentioned handle coincides

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.4969 vs the last close 6.5012. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled. Each morning, the People’s

What you need to know on Monday, August 23:  The dollar gave up some ground at the end of the week, but it’s the strongest currency across the FX board. The better performance of equities and bouncing government bond yields put a cap on the greenback’s demand. The main themes were the spread of the

EUR/GBP rises 0.22% on weak UK economic data. UK’s retail sales data drop 2.5% vs 0.4% expected. The short-term trend is up, however stronger UK economic data, supports the British pound. The EUR/GBP rises for the second day in a row, modestly gain 0.22%, trades around 0.8580. For the second week in a row, recovers

On the session, the USD/CHF is down 0.14%, trades around 0.9176. The daily chart supports the uptrend. In the case of a short correction, price will tend to favor buyers Daily chart The price is trading around 0.9170. The daily moving averages stand underneath the spot price, and support moves towards the upside, however, recent

As we head towards the NY close, the white-metal trades down 0.87%. The US dollar fell 0.06% as the American session unwinds. The US 10-year Treasury yield rise to 1.26%. Despite US dollar weakness, silver slides for the third day in a row, and trades around $23.06 down almost 1%. The US dollar index is

Retail Sales in Canada rose less than expected in June.  USD/CAD clings to daily gains around 1.2900 after the data. Retail Sales in Canada rose by 4.2% on a monthly basis in June, the data published by Statistics Canada showed on Friday. This reading followed May’s contraction of 2.1% and came in slightly weaker than

“A majority of Japanese firms want Prime Minister Yoshihide Suga to lose office through general elections that must be held this year, frustrated with the lack of leadership in his handling of COVID-19 and its economic fallout,” a Reuters poll published early Friday showed. Key quotes The Corporate Survey canvassed 503 large and midsize non-financial