FX

Canadian inflation data is scheduled to be released tomorrow morning EST, and analysts widely anticipate it to reflect slowing inflation. The prior month’s report indicated that Canada’s annual inflation rate dropped to 3.4% in May 2023, compared to 4.4% in the previous month, marking...

A series of economic data is scheduled for release tomorrow morning EST providing insights into the current state of the consumer and manufacturing industries. Retail sales in the US have been showing a slight uptrend, unexpectedly rising 0.3% month-over-month in May, surpassing prior forecasts of...

Consumer spending in Europe is experiencing a significant decline, as a combination of inflation andeconomic recession puts pressure on households to cut back on both essential food items anddiscretionary purchases. Europe’s economic recovery is facing challenges due to China’s...

The slump in the Indian rupee’s volatility has traders worldwide questioning when the Reserve Bank of India (RBI) will ease its control, despite a global decrease in currency volatility. The RBI’s interventions have kept the rupee in a narrow range, leading to the lowest one-month...

The Malaysian ringgit’s slide towards a 24-year low has raised expectations that the Bank Negara Malaysia (BNM) will intervene to halt the decline. The currency has fallen more than 5% in the past three months, underperforming all its emerging Asian peers due to domestic political...

The Russian rouble has plummeted to its lowest value against the US dollar since Russia’s full-scale invasion of Ukraine, Financial Times reports. Impact of Failed Mutiny and SanctionsThe currency, which has lost a third of its value since December, traded at over RUB 90 per US dollar on...

The Indian rupee is expected to continue its decline following the release of the U.S. Federal Reserve’s June meeting minutes, which indicated the likelihood of more rate hikes this year, Reuters reports. Impact of Fed’s Decision Non-deliverable forwards suggest the rupee will open at...

Investors are closely monitoring the Japanese government’s potential actions to support the yen as it nears levels that previously triggered intervention in the currency markets, reported Nikkei Asia. Yen’s Recent Performance The yen briefly hit 145 against the dollar on Friday and...

Japan’s top financial diplomat, Masato Kanda, has revealed that Japanese authorities are in regular contact with U.S. Treasury Secretary Janet Yellen and other international officials regarding currencies and broader financial markets, Reuters reports. Constant Dialogue on Currencies The...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

The world’s richest man has been a popular subject of articles and television series for media companies. Another company just entered the race. What Happened: Leading English media company BBC (British Broadcasting Corporation) is creating a documentary series about Tesla Inc...

Walt Disney Co (NYSE: DIS) owned cable television channel FX will premiere a documentary series on Tesla Inc (NASDAQ: TSLA) CEO Elon Musk in collaboration with The New York Times (NYSE: NYT) Emmy winning filmmaker and director of the series Emma Schwartz said on Monday. What Happened: The...

The global coronavirus pandemic has impacted forex market performance, with many smaller currencies outperforming the more liquid ones.  Prior to the COVID-19 outbreak, Brexit and the trade war between the U.S. and China determined FX performance. “Before the COVID-19 outbreak,...

European reopenings underpin the shared currency while civil unrest weighs on the greenback. The US ISM Non-Manufacturing PMI is foreseen at 44 in May from 41.8 in April. EUR/USD bullish despite some divergences surging in intraday charts. Economic reopenings in Europe and civil unrest in the US...