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Euro holds gains above 1.1400 on hawkish ECB expectations despite US-Iran tensions
The EUR/USD pair trades with mild gains around 1.1405 during the early Asian session on Wednesday. A hawkish tone from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). Traders await the upcoming ECB interest rate decision on Thursday.Â
Japan Merchandise Trade Balance Total below expectations (Â¥-120B) in June: Actual (Â¥-406.9B)
Japan Merchandise Trade Balance Total below expectations (Â¥-120B) in June: Actual (Â¥-406.9B)
Japan Exports (YoY) registered at 19.3% above expectations (18.6%) in June
Japan Exports (YoY) registered at 19.3% above expectations (18.6%) in June
Japan Imports (YoY) above expectations (21%) in June: Actual (25.4%)
Japan Imports (YoY) above expectations (21%) in June: Actual (25.4%)
British Pound Sterling gets a decent jobs report and sells off anyway
The British Pound received a labour market report on Tuesday that beat consensus on nearly every line, and sold off anyway.
GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
The GBP/JPY consolidates around 218.20 as the Pound Sterling loses momentum amid the new PM, Andy Burnham, taking office. Fears of a possible intervention by Japanese authorities capped the cross-pair advance, which remains trading near year-to-date (YTD) highs seen on July 15.
The Australian Dollar goes nowhere with conviction
The Australian Dollar spent Tuesday doing a convincing impression of movement, climbing from just below the 0.7000 handle to a session high short of 0.7050 before handing the entire advance back through the North American afternoon.
South Korea Producer Price Index Growth (MoM) down to 0% in June from previous 0.8%
South Korea Producer Price Index Growth (MoM) down to 0% in June from previous 0.8%
South Korea Producer Price Index Growth (YoY) up to 8.6% in June from previous 8.5%
South Korea Producer Price Index Growth (YoY) up to 8.6% in June from previous 8.5%
Chinese Yuan: Upside bias holds near 6.7600 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang notes that USD/CNH retains a downside bias in both the 24-hour and 1–3 week horizons, with key support around 6.7600 and strong resistance at 6.7820.
China: National team support shapes flows – BNY
BNY’s Geoff Yu highlights how China’s regulators and state-backed funds have stepped in to stabilize A-shares after global tech deleveraging hit domestic markets.
Japanese Yen tumbles to 40-year low as US Dollar safe-haven rush deepens
The USD/JPY extends its rally on Tuesday, hitting 40-year highs above 163.00 as the Greenback continues to gain ground versus the Japanese Yen. At the time of writing, the USD/JPY trades at 163.19, slightly shy of the multi-decade high of 163.24.
South Korean Won: Support cluster near 1,464/1,461 – Societe Generale
Societe Generale’s technical team notes USD/KRW failed twice to break above the June high around 1,561, triggering a deeper decline towards the 200-day moving average. The pair is now testing this key MA, with next support at a multi-month ascending trend line near 1,464/1,461.