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PMI Data Highlight Today, But Main Focuses on Fed and ECB Later in the Week

On the currency front, major currency pairs and crosses are bounded within Friday's range for now, with the market awaiting the next move. Releases of PMI data from Eurozone and UK might trigger some volatility today. However, traders' primary focus will undeniably be the upcoming high-profile events - FOMC and ECB interest rate decisions - set to unfold later this week, along with several key economic data releases.
United Kingdom Hong Kong South Korea New Zealand Warren Hogan Usamah Bhatti

Euro and Sterling Sink on Disappointing PMI Data, Bitcoin Tumbling

Euro and British Pound faced significant downward pressure today, following dismal PMI data that raises concerns about the prospect of further economic contraction in Eurozone and UK. With the German Ifo business climate index on the horizon tomorrow and ECB rate decision due on Thursday, Euro is likely to face additional scrutiny.
United Kingdom New Zealand South Korea Hong Kong Christine Lagarde Warren Hogan

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Subdued Trading Continues as Dollar Range Bound, Gold Extending Recovery

Commodity currencies are maintaining their position as the stronger performers of the week, while overall trading continues in a noticeably subdued manner. Both Dollar and Yen are seen navigating within familiar ranges against their European counterparts. Market volatility might experience a slight uptick as US traders return from holiday break today. While FOMC minutes are expected to garner attention, traders will likely hold off on any major bets until Friday's non-farm payroll data rele...
Hong Kong United Kingdom Saudi Arabia China Caixin Services Caixin Insight Group Caixin Services

Markets Turning Cautious ahead of FOMC Minutes, 10-Year Yield Making Progress

Dollar and Japanese Yen are posting marginal gains as market attention shifts towards the release of June FOMC meeting minutes. Concurrently, major European indices are slightly down, reflecting a similar sentiment in US futures market. This development has put commodity currencies on the back foot. However, neither Dollar nor Yen has demonstrated enough strength to break free from their near-term trading range against their European counterparts. The restrained market movement signals traders&#...
Hong Kong United Kingdom Jerome Powell Tim Moore Caixin Services Eurozone Services

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