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British Pound gains as easing Fed hike bets weigh on US Dollar
GBP/USD continues its winning streak for the ninth consecutive day, trading around 1.3390 during the Asian hours on Tuesday.
PBOC sets USD/CNY reference rate at 6.8054 vs. 6.8066 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8054 compared to the previous day's fix of 6.8066 and 6.7838 Reuters estimate.
Euro extends the range play above 1.1400 as Hormuz risks support USD
The EUR/USD pair extends its sideways consolidative price move during the Asian session on Tuesday, though it manages to hold comfortably above the 1.1400 mark. Moreover, spot prices remain well within striking distance of a nearly two-week high, touched last Thursday.
Australian Dollar declines as ANZ–Indeed Job Ads drop in June
AUD/USD inches lower after two days of gains, trading around 0.6950 during the Asian hours on Tuesday. The Australian Dollar (AUD) faces downward pressure as weakening economic sentiment amid a cooling labor market signals that high borrowing costs are taking a toll.
Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June
Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June
Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May
Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May
Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May
Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May
GBP/JPY Price Forecast: Rallies and hits 18-year highs above 217.00
The British Pound rallies to an 18-year high against the Japanese Yen, registering solid gains of over 0.77% as the GBP/JPY clears the previous year-to-date (YTD) high of 216.60 as the cross-pair clears the 217.00 figure for the first time since January 2008.
Japanese Yen finds the line in the sand is mostly sand
USD/JPY spent Monday doing what it has done for most of the year, grinding higher while officialdom watched.
Singapore Dollar: Range trade persists against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD has seen downward momentum slow after last week’s sharp drop, with the pair expected to stay between 1.2900 and 1.2935 intraday. On a 1–3 week horizon, UOB maintains a neutral stance, projecting consolidation within 1.2890–1.2990.
Pound Sterling rallies into its own coronation
GBP/USD has quietly put together eight consecutive higher daily closes, a grind from near 1.3150 that has delivered the pair directly onto its 200-day Exponential Moving Average (EMA), with the 50-day EMA just beneath it and the 1.3400 handle immediately overhead.
United Kingdom CFTC GBP NC Net Positions up to £-102.1K from previous £-105.7K
United Kingdom CFTC GBP NC Net Positions up to £-102.1K from previous £-105.7K
Eurozone CFTC EUR NC Net Positions down to €1.1K from previous €30.2K
Eurozone CFTC EUR NC Net Positions down to €1.1K from previous €30.2K