NZD/USD has slipped sharply below 0.6320 as the US Dollar Index has shown a recovery move. Market mood is turning cautious as the Covid-19 situation in...
The S&P Global Manufacturing PMI continued to edge lower in early December. The US Dollar Index declined below 104.50 with the initial reaction. The economic activity...
The S&P Global Services PMI continued to decline in December. The US Dollar Index stays in negative territory below 104.50. The S&P Global Services PMI declined...
AUS/USD has advanced to near 0.6735 after recovery as the risk-on profile is regaining traction. What dampened the market mood post-Fed Powell’s speech was the lack...
EUR/USD picks up bids to refresh intraday high, reverses pullback from six-month top. ECB-inspired rally battles with the US Dollar’s safe-haven demand. Sluggish markets allow traders...
US ISM Services PMI Overview The Institute of Supply Management (ISM) will release the Non-Manufacturing Purchasing Managers’ Index (PMI) – also known as the ISM Services...
GBP/USD has refreshed its five-month high above 1.2340 and is expected to extend its rally amid a risk-on profile. After upbeat US NFP data, a better-than-projected...
Asian equities have roared strongly as the Fed confirmed a less-hawkish December monetary policy. Chinese indices have hogged the limelight on upbeat Caixin Manufacturing PMI data....
USD/CAD sees around intraday low during two-day downtrend. China data, cautious mood ahead of key US statistics probe US Dollar bears. WTI crude oil eases amid...
USD/CNH has sensed barricades after a mild recovery around 7.0600 amid upbeat Caixin Manufacturing PMI. China’s official Manufacturing PMI has landed at 49.4 vs. expectations of...
USD/CNH remains mildly bid while consolidating the biggest daily loss since November 10. China’s official NBS Manufacturing PMI and Non-Manufacturing PMI both disappoint in November. Cautious...
The US S&P Global Manufacturing PMI dropped below 50 in early November. The US Dollar Index extended its daily slide following the data. Business activity in...
GBP/USD is eyeing an establishment above 1.1900 for further upside. US yields could remain at 4% or above until 2025 as the Fed may ignore economic...
EUR/USD picks up bids to defend the previous day’s recovery moves. US Dollar remains pressured despite mixed sentiment in the market, absence of bond moves. Buyers...
NZD/JPY has refreshed a two-week high at 87.40 as RBNZ has pushed interest rates to 4.25%. The RBNZ has elevated its OCR by 75 bps after...