Bitcoin: A Week-Long Landing after a Shot Up

Bitcoin rose 5.3% over the past week, finishing near $22,300. However, the cryptocurrency’s intra-week dynamics are not so rosy, as a moderate downtrend has returned to the market since July 20. Ethereum also declined for most of the week but added 6.6% at the end, to $1525. The total capitalisation of the crypto market, according […]

Australia Q2 Inflation to Confirm 50bps Rate Gike?

Inflation figures in Australia tend to have a somewhat outside impact, because the country is somewhat unique in only reporting CPI changes once a quarter. Normally, when there isn’t much fluctuation in inflation, that isn’t much of a problem. But with the wide variations in prices lately, investors are much more interested in knowing what’s […]

Yen Rebounds on Lower US Yields

The yen is lower at the start of the week. USD/JPY is trading at 136.53, up 0.34%. For a change, the yen enjoyed a winning week against the dollar, the first in two months. During that time, USD/JPY has soared about 7.9% and touched a 20-year high of 139.39 earlier in July. This led to […]

Fed and Earnings Bring Cautious Optimism

A quiet start to what will otherwise be a lively week in financial markets with particular focus on the US as the Fed meets Wednesday and big tech report earnings. Stock markets are modestly in the green, with a fair amount of straw clutching at play once more. Earnings not being as bad as feared, […]

Euro Shrugs as German Confidence Slips

The euro is in positive territory at the start of the week. In the North American session, EUR/USD is trading at 1.0245, up 0.30%. German business confidence sinks The US dollar lost some of its lustre last week and the euro took advantage. EUR/USD posted its first winning week in a month and pulled some […]

Falling Business Sentiment in Germany Does Not Hinder Euro's Technical Rebound

The financial market is moving slightly against the main news flow, showing signs of recovery in demand for risky assets while data is getting worse. According to the latest Ifo report, business sentiment in Germany is falling harder than expected, but that is not stopping euro buying in European trading on Monday. The same can […]

Sunset Market Commentary

Markets European and US yields tanked on Friday after PMIs suggested the economy on both continents is contracting. Those market moves happened against the backdrop of the ECB ending an era of negative rates by a 50 bps hike on Thursday and the Fed on track to deliver another massive-sized 75 bps hike on Wednesday. […]

Reserve Bank of Australia's Comments Support AUD

AUD/USD is balancing at 0.6083 on Monday. The bulls managed to break the descending channel and they stand a good chance of starting a new ascending tendency in the near future. The RBA Governor is ready to tighten the regulator’s monetary policy by doubling the benchmark interest rate. The reason for this announcement is simple […]

Canadian Dollar Higher After Solid Retail Sales

The Canadian dollar has started the week with gains. USD/CAD is trading at 1.2852 in the North American session, down 0.54% on the day. Canada’s retail sales sparkle Canada released June retail sales on Friday, and the data was stronger than expected. Retail sales surged to 2.2%, up from 0.7% in May (1.6% exp.). Core […]

Fed to Likely Hike by 75 bps But May Still Weigh 100-bps Option

The Federal Reserve is almost certain to raise interest rates for a fourth time on Wednesday when it announces its decision at 18:00 GMT. A 75 basis-point hike is the likely scenario, but several investors are bracing for a possible bigger 100-bps increase, having been wrongfooted by central banks one too many times lately. Even […]