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Euro and Pound Rebound Ahead of Key Data Releases
The euro and the pound have found some support after a series of declines, although neither has yet managed to break convincingly above key resistance levels. The market remains in anticipation of fresh fundamental signals that could confirm or challenge a potential trend reversal. Traders’ focus is now on forthcoming UK economic reports, including GDP,…
Nomura: Beijing’s cautious tariff response is pragmatic amid limited import alternatives | Forexlive
I saw this from Nomura on Friday and am a wee bit slow to post it. here it is now. – With U.S.–China trade tensions expected to escalate following the Trump administration’s latest “America First” policy review, China’s measured response to new U.S. tariffs appears to be a calculated move, according to Nomura. In a…
Japan’s markets gird for leadership vote with stocks, bonds on edge
Japan’s markets gird for leadership vote with stocks, bonds on edge Source link
Dollar steady near two-month high as markets weigh policy outlook By Reuters
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The U.S. dollar was perched near it highest in more than two months against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term. A string of U.S. data has shown the economy to be resilient, while…
USD/CHF fall this week already tees up key technical test | Forexlive
USD/CHF is one of the more notable movers so far this week, with the pair falling below the 0.9000 level after some consolidation just above that over the last two months. It coincides with a more interesting look for June trading, when you take into account the seasonal pattern here. But in just the third…
