Double Whammy for DXY as Services PMI & ADP Beat Estimates
The US dollar rallied after solid ISM services PMI data signaled a robust US economy leaving more room for future Fed rate hikes.
USD/JPY Latest – Japanese Yen Fight Back Thwarted by Rising US Bond Yields
The Japanese Yen is pushing higher today on a combination of risk-off flows and growing expectations that the MoF may soon intervene to prop up the currency.
FTSE 100 IG Client Sentiment: Our data shows traders are now at their most net-long FTSE 100 since Oct 03 when FTSE 100 traded near 6,900.40.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Jun 26, 2023 when France 40 traded near 7,198.30.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
GBP Outlook: Analysis of GBP/USD, EUR/GBP, GBP/AUD
The Bank of England (BoE) Decision Maker Panel raised hopes of lower inflation moving forward but not enough to halt another rate hike from the Central Bank in July. Further…
Gold Prices Still Weighed Down by Fed Rate-Hike Bets
Gold prices remain stuck with the prospect that global interest rates have further to rise. Against that backdrop, non-yielding assets will struggle
Euro Price Forecast: EUR/GBP, EUR/USD, EUR/JPY Price Setups
The euro is expected to come under pressure as worsening fundamental data weighs on the continent. At the same time, other central banks ramp up rate hike talk
Hawkish Fed Minutes put Pressure on Dow, Nasdaq 100 and CAC40
Indices have come under fresh pressure this morning, after Fed minutes showed a more hawkish outlook for monetary policy in the US.
USD/CAD Price Forecast: Loonie Strength to Come?
USD/CAD bears could be in for a resumption of the longer-term downtrend ahead of key US and Canadian economic data.
Gold Slips After FOMC Minutes; XAU/USD Scenario Ahead of US Jobs Data
Gold slipped after minutes of the US Federal Reserve’s June meeting kept alive hopes of another rate hike at the end of July. How does XAU/USD look ahead of the…