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Cereal and packaged food giant General Mills reported earnings this week and the read from the was unambiguous: the consumer is
Gold rallied in Asia and has held its gains since in quiet holiday trading. It's up $53 to $4147 and looking
Rate hikes by year-endRBNZ: 62 bps (82% probability of rate hike at the next meeting)Fed: 30 bps (83% probability of no
FUNDAMENTAL OVERVIEWUSD:The US dollar has weakened across the board yesterday following the US NFP report. The data wasn’t bad, but it
Japan's largest union group Rengo confirms that the final tally of the annual labour talk results showed that Japanese firms have
Prior 49.3Final Composite PMI 49.3 vs 49.4 prelimPrior 49.7Key findings:Activity falls to greatest extent for nearly three and a half years
Services PMI 49.4 vs 48.9 prelimPrior 47.7Composite PMI 50.0 vs 49.5 prelimPrior 48.5Both the services and composite prints are 3-month highs
Prior 48.1Final Composite PMI 49.5 vs 48.0 prelimPrior 48.8Key findings:Business activity falls for third month running, but cost pressures ease substantiallyJune
Services PMI 46.8 vs 47.4 prelimPrior 44.3Composite PMI 47.2 vs 47.6 prelimPrior 44.9The final readings are softer than the initial estimates
Prior 49.4Composite PMI 50.8 vs 50.4 priorKey findings:Growth of Italian service sector reinstated, supported by fresh intake of new business in
Services PMI 54.2 vs 50.9 expectedPrior 50.1Composite PMI 53.3Prior 50.2That's a strong upside surprise for Spain's services sector in June, with
Interest rate moves are determined by marketsMonetary policy falls under the jurisdiction of the BOJGovernment will continue to work closely with
It's a quick drop of around 50 pips for USD/JPY this time, with the timing of things being somewhat similar to
EUROPEAN SESSIONIn the European session, the only highlights will be the final PMIs for the major Eurozone economies and the UK.
There are a few large expiries to take note of on the day, as highlighted in bold below.However, they do sit
The Dollar’s decline paused on Friday as trading quietened ahead of the US Independence Day holiday, but the bigger story is
The June non farm payrolls report did not prove the US economy is breaking. It did something more important for markets:
Japan may not have spent a dollar today, but it may have achieved one of the key goals of intervention anyway.
EUR/GBP may have passed a turning point that extends well beyond this week’s inflation data. The sharp break below key technical
The Euro weakened broadly after June inflation data came in softer than expected, reinforcing the view that the European Central Bank
Silver traders are focused on Thursday’s US Non-Farm Payrolls report, but the metal’s next major move could begin a day earlier.
The NASDAQ Composite ended the second quarter with its strongest performance in six years, but the bigger story may be what
The Japanese Yen remained the clear underperformer in otherwise subdued markets, with USD/JPY climbing to a fresh 40-year high as traders
USD/JPY has broken to a fresh 40-year high, and with it, the market may have abandoned the wrong debate. Traders have
The Australian Dollar barely reacted to the hawkish sets of RBA minutes. Instead, AUD/USD drifted lower in Asian trading, suggesting investors
Financial markets began the week on a subdued note, with quarter-end positioning and caution ahead of a packed economic calendar keeping
USD/JPY is once again knocking on the door of Japan’s intervention zone, but this week’s battle is about far more than
Gold has stopped falling, but it has not started recovering either. After slipping below the psychologically important $4000 level, prices have
The dominant narrative this week was not that the Federal Reserve became less hawkish—it was that markets became less convinced the
EUR/CHF recovered after briefly dipping to 0.9196 as the latest ECB Consumer Expectations Survey offered modest encouragement on inflation but ultimately
Data source: FXStreet, Finance Magnates, DailyFX, Investing.com, Forexlive and Action Forex
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