The Australian Dollar is in focus ahead of today’s industrial profits data from China. Although subject to broader risk sentiment, an upbeat print may help fuel AUD/USD gains.
USD/CAD appears to be mirroring the price action from last month as the exchange rate quickly pulls back from a fresh yearly high (1.3079).
The Nasdaq 100 and S&P 500 plunge Tuesday amid falling consumer confidence and signs that the U.S. economy could be headed for a recession, a scenario that creates significant risks for stocks
Equities erase premarket gains as risk struggles ahead of key central bank speeches this week.
Bitcoin (BTC/USD) continues to consolidate despite a slight boost in sentiment. China restrictions ease but inflation pressures remain a key concern for policymakers and consumers.
The risk-sensitive Australian Dollar fell overnight despite a rebound on Wall Street and higher iron ore prices. Japan’s CPI print is in focus as the APAC session wraps up the trading week.
US consumer confidence slumps more than expected in June, falling to its lowest level since February 2021 amid four-decade high inflation and growing concerns about the economic outlook.
Markets Have Their Green-Colored Glasses on Today, Can the Good Vibes Last?
GBP/JPY looking to drift higher into month-end, GBP/USD dips ahead of BoE’s Bailey
The rand is at an interesting price point as market hesitancy creeps in as many unresolved fundamental factors are at play, while USD/ZAR now looks to retest 16.00.
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