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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,...

It's not entirely clear what Novak is referring to here but he said that Russia agreed with OPEC+ of further actions. He might be referring to an extension of Russian cuts or a larger OPEC deal. There are some ticks lower in oil on these headlines but I think the...

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,...

USDJPY 10 minsThe US dollar has battled back today as better economic data pushes back against the idea the economy is rapidly slowing. USD/JPY is still lower on the day -- down 20 pips -- but has rebounded to 146.05 from 145.64. It's part of a broader bid in the US...

Reuters' influential 'secondary sources' oil survey is out and highlights rising Iranian production. The country isn't subject to OPEC quotas because of sanctions declines.The Biden administration -- which blocked the Keystone XL pipeline -- has instead turned a blind...

The piecemeal approach to China stimulus hasn't impressed the market yet but today's announcements on mortgages have captured more of the market's attention.The yuan is trading at a two-week high after a series of steps on mortgages.USDCNY dailyThe PBOC today said...

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,...

Prior 230K; revised to 232K4-week moving average initial jobless claims 237.50KPrior 236.75K; revised to 237.25KContinuing claims 1.725M vs 1.703M expectedPrior 1.702M; revised to 1.697MIt's a marginal decline in the weekly jobless claims but in any case, it is...

US PCE corePrior was +4.1%PCE core +0.2% m/m vs +0.2% expectedPrior MoM +0.2%Headline inflation PCE +3.3% y/y vs +3.3% expected (Prior +3.0%)Deflator +0.2% m/m vs +0.2% expected (prior was +0.2%)Consumer spending and income for July:Personal income +0.2% vs +0.3%...

Prior -$6.17 billion; revised to -$3.17 billionThe current account deficit widened in Q2 but less than anticipated at least. Of note, the trade in goods balance moved into a deficit position for the first time in two years, mostly as a result of lower exports of...

It's the final day of the month and it's a busy one on the economic calendar with a wave of numbers coming out at the bottom of the hour including:July PCEInitial jobless claimsCanadian Q2 current accountCanadian avg weekly earningsThe PCE reprot is the Fed's...

Headlines:Markets:JPY leads, EUR lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields down 2.2 bps to 4.096%Gold up 0.1% to $1,944.28WTI crude up 0.9% to $82.37Bitcoin up 0.3% to $27,350There was plenty of action to digest in European...

Job cuts are seen reaccelerating again after showing a first year-on-year decrease in July. And that further signals easing of labour market conditions with there being 557,057 job cuts already announced by US-based employers this year. That is a 210% increase from...

It is only the Japanese yen that is trading higher against the dollar today and that owes to bond yields keeping slightly lower still in European morning trade. USD/JPY is down 0.25% around 145.80-90 levels mostly, as we are seeing 10-year Treasury yields be down 1.6...