USD/JPY Rate Reversal Takes Shape Ahead of 50- Day SMA
USD/JPY may track the positive slope in the 50-Day SMA (127.19) as the exchange rate reveres ahead of the moving average. Read More
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USD/JPY may track the positive slope in the 50-Day SMA (127.19) as the exchange rate reveres ahead of the moving average. Read More
The S&P 500 falls for a second straight day as strong US manufacturing data increases the likelihood that the Fed will have to continue to front-load hikes to cool demand and curb inflation. Read More
Copper prices have continued their rebound from their May lows. Read More
Data prints coming out of the US may keep EUR/USD under pressure as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market. Read More
SIX Swiss Exchange, Europe’s third largest stock exchange and top post-trade service provider, recorded a 2.8% growth month-on-month (MoM) in its total trading turnover for May 2022. Read More
The Financial Commission (FinCom), a self-regulatory organization in the financial services space, announced on Wednesday that Pepperstone Markets Limited is its newest approved member. Read More
The US Dollar just printed its first bearish monthly bar of 2022 trade. Non-farm Payrolls is released on Friday and the Fed is waiting in the wings for their rate decision in two weeks. Read More
Bank of Canada raises rates by 50 bp to 1.50% in bid to tackle inflation, signaling that borrowing costs will need to rise further and that the bank is prepared to act more forcefully if needed. Read More
In the absence of high impact UK data, we turn to the US for insight into GBP/USD price action. A whole host of Fed speakers, ISM data and NFP data ahead Read More
EUR/USD may be making a turn lower after growth prospects were muted by the Russian oil embargo, while key ECB and Fed speeches are expected later today. Read More