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China Chip Metal Export Curbs: Forex Impact?
Earlier this week, China announced export curbs on two key metals used in the chip and solar industries.
Intraday Analysis: USD Bounces Back
The US dollar jumped after a strong ADP employment reading.
Will Analysts Get NFP Right This Time?
Economists are more optimistic about how many jobs were created in the US last month. But, that might be an over-correction from consistently underestimating the resilience of the labor market this year.
Intraday Analysis – Gold Strives For Support
Bullion slid after upbeat FOMC minutes pushed US Treasury yields higher. The price seems to have secured a foothold around the psychological level of 1900.
Canada Jobs Numbers: Will The BoC Restart The Pause?
The jobs numbers from Canada are typically overshadowed by the NFP data for the US that comes out at the same time.
Intraday Analysis – AUD Tries To Bounce Back
The Australian dollar inched higher after the RBA reiterated that further tightening might be needed.
FOMC Minutes: The Path Ahead
Investors are going to be looking for some clarifications out of the minutes from the last FOMC meeting. The market and the Fed are at odds about the future of rate hikes.
Intraday Analysis: USD Struggles To Recover
The US dollar slipped after soft ISM manufacturing data in June.
Intraday Analysis – USD Shows Weakness
The US dollar gave up some gains after the PCE showed a cooldown in May.
Can Global PMIs Keep Risk Appetite Going?
Next week will have a complicated start. The US will have a shortened trading session on Monday, and then be closed on Tuesday for Independence Day.
Intraday Analysis – JPY Stays Under Pressure
The Japanese yen dipped after the CPI in the Tokyo area fell short of expectations in June.
Intraday Analysis – AUD Drifts Lower
The Australian dollar slumps as slowing inflation could let the RBA ease its hawkish stance.
Yen Weakness: When Will The BoJ Intervene?
Overnight, the USDJPY rose to the 144 handle which it hadn’t seen since November of last year. This new weak point in the Japanese currency is just the latest in a long trend that has been going on since April.
Intraday Analysis: Gold Remains Under Pressure
Gold slipped after US consumer confidence and home sales showed resilience in June.
Intraday Analysis: USD Attempts To Rebound
The US dollar bounces as risk aversion compounds the Fed’s hawkish stance.
Intraday Analysis – EUR Pulls Back
The euro fell after a lackluster PMI showed a manufacturing recession.
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