Category: Forex
Forex Today: Oil extends collapse on Hormuz reopening r...
Oil prices extended their slide on Tuesday after reports that an announcement on the reopening of the Strait of Hormuz could come ...
Singapore Dollar: Gains risk watched below 1.2790 again...
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD’s recent downside bias has faded after a dip to 1.2790 and recovery to 1...
What is the PCE and why is it the Fed's favorite inflat...
When we talk about inflation, we usually focus on the Consumer Price Index (CPI). However, the Federal Reserve’s “preferred” infla...
Mexican Peso rallies to six-week high on Hormuz deal sp...
The Mexican Peso (MXN) surges to a six-week high on Tuesday as talks between the US and Iran could reopen the Strait of Hormuz, ea...
Chinese Yuan: PMI weakness boosts easing expectations –...
Commerzbank economist Dr. Henry Hao highlights that China’s private manufacturing PMI fell to 50.9 in July, reinforcing signs of s...
British Pound: Range trade with upside risk against US ...
Scotiabank’s Global FX Strategy team notes that Sterling remains modestly firmer, with GBP/USD continuing to pivot around long-ter...
The treasury’s currency gamble
The financial news that got my attention today is the fact that Japan and the U.S. coordinated an intervention in foreign exchange...
New Zealand Dollar climbs ahead of NZ employment data
NZD/USD trades on the front foot near 0.5886 on Wednesday, advancing around 0.3% and building on the rebound that lifted the pair ...
Advanced Micro Devices sinks afterhours as earnings off...
Advanced Micro Devices (AMD) stock sank over 8% afterhours on Tuesday despite the chipmaker reporting a slight beat on earnings.
USD/CHF Price Forecast: Trendline break puts 50-day SMA...
The USD/CHF retraced on Tuesday, down 0.16%, as the US Dollar weakened amid improved risk appetite, driven by renewed hopes of a U...
