Jul

Over most of the week, fund flows pushed the Japanese yen and Swiss franc higher amid safe-haven flows. The Australian dollar (and the New Zealand dollar) fell as risk-off sentiment took hold on the back of a slowdown in China and lower…

Yesterday, the US CPI was a good number, coming in below expectations. Today, the PPI data was the exact opposite. Not only were the headline numbers for the month higher, but the previous months were also revised higher. The US dollar and…

Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony…

The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was…

The GBPUSD started the session lower and below the 50% midpoint of the range since the June 29 low at 1.2866. That level was also close to the falling 100-hour MA. The dual levels increased that levels importance.In the US afternoon…

The US dollar rebounded today after reacting to a higher preliminary 1-year University of Michigan inflation forecast and generally better data from the monthly consumer survey. Yields have also risen sharply. The inflation reading showed…