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Headlines:Markets:USD leads, AUD lags on the dayEuropean equities slightly higher; S&P 500 futures flatUS 10-year yields flat at 4.048%Gold flat at $1,923.62WTI crude down 0.7% to $73.36Bitcoin down 0.2% to $30,194It's a quiet one to start the new week in Europe,...

This comes just days after Yellen's meeting with top Chinese officials and for Xi to make such a pledge, is basically a bit of a slap in the face to the US. Xi is saying that China will continue working with Russia to develop a "comprehensive strategic partnership of...

It looked like the selling would take over again in the new week but for now, we're seeing a bit of a pause as investors seek some breathing room. European indices were marked lower at the open but are now holding slightly in positive territory, though US futures are...

There have been two instances now that the pair has managed to pull itself up upon a test of the 0.6600 level. But in both cases, buyers have been unable to crack through key resistance from the 100 and 200-day moving averages:AUD/USD daily chartThis is behaving as...

Last week, as anticipated, the RBA hiked interest rates by 25bps. Meanwhile, the labor market data for the United States printed below expectations, indicating that the market conditions are easing. Analysts are now projecting a 25bps hike at the next FOMC meeting...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Domestic sight deposits CHF 476.0 bn vs CHF 480.2 bn priorSwiss sight deposits continue to decline further as the SNB is making sure that its policy effectiveness is being transmitted to the economy. If you need some background, check out this post from last year...

There has not been any bigger data than CPI releases in the past few months and the mother of all of that is the US CPI. That will be released later this week on Wednesday, 12 July. The estimates are showing that headline annual inflation is expected to decline...

Eurostoxx -0.3%Germany DAX -0.1%France CAC 40 -0.2%UK FTSE flatSpain IBEX -0.2%The losses right at the opening bell were a bit heavy but things are still rather volatile in the opening 10 minutes. US futures are also pinned lower as the selling from last week is...

USD/JPY 5 mins chartThe pair had looked for a bit more of a correction higher earlier but is facing a bit of a wall at the 143.00 mark today. There are large option expiries at the level as noted here, so that might be playing a part but it also likely says that...

UPCOMING EVENTS:Tuesday: UK Jobs Report.Wednesday: RBNZ Rate Decision, US CPI, BoC Rate Decision.Thursday: UK GDP, US PPI, US Jobless Claims.Friday: University of Michigan Consumer Sentiment.Tuesday: The UK unemployment rate is expected to remain unchanged at 3.8%,...

The dollar is recouping some losses from Friday after the non-farm payrolls figure wasn't as hot as what markets cooked it up to be. That saw the greenback fell despite yields shooting higher and we are seeing that correct a little today.In particular, yen pairs saw a...

> BOJ raises economic assessment for 3 of Japan's 9 regions in latest Sakura report The other 6 regions see their previous economic assessment maintained <!--> Justin Low Monday, 10/07/2023 | 05:03 GMT-0 10/07/2023 | 05:03 GMT-0 --> <!--> Here's the...

It was the first time in 15 non-farm payrolls reports that the headline figure missed on estimates and that was enough to sink the dollar, despite Treasury yields moving higher. Equities were hopeful in the aftermath but ended the day at the lows with major indices in...

Calls on US to take practical actions in response to China's major concernsThis relates to economic sanctions and crackdownsReiterates concerns on lifting of tariffs on China and suppression of Chinese companiesSays China's development is an opportunity, not a threat...