6/29/2021 11:26:43 PM GMT | By Anil Panchal
AUD/JPY bears take a breather, following the heaviest drop in a week, near the lowest level since June 22.
Market sentiment dwindles amid mixed signals from Fed, covid woes in Asia-Pacific and strong US data.
China NBS Manufacturing PMI for June will be the key in Asia, macros keep the driver’s seat.
AUD/JPY defends the 83.00 threshold amid a subdued Asian morning on Wednesday. The cross-currency pair marked a two-day downtrend by the end of Tuesday by refreshing the weekly low amid Australia’s coronavirus (COVID-19) woes and sluggish market sentiment. The latest consolidation could be linked to the anxiety ahead of the key data from Australia’s biggest customer China.
6/30/2021 12:19:11 AM GMT | By Anil Panchal
USD/CAD seesaws around weekly top after two-day uptrend.
Risk appetite dwindles ahead of the day’s key data.
Covid, Fedspeak keep US dollar strong, WTI fails to back the CAD bulls.
China PMI, US ADP and Canadian GDP to decorate the calendar, qualitative headlines become the key.
USD/CAD eases to 1.2396, following a two-day rally to the weekly high, amid a quiet Asian session on Wednesday. The Loonie pair’s latest gains could be linked to the broad US dollar gains, backed by covid fears and upbeat US data. However, a lack of major data/events seems to underpin the latest pullback.
6/30/2021 2:26:55 AM GMT | By Anil Panchal
S&P 500 Futures seesaw around record top, sluggish of late.
Covid conditions in Australia remain worrisome amid slow vaccinations, rejection to use AstraZeneca jabs.
Fed’s Waller backed tapering, rate hike concerns despite citing a long way for employment recovery.
US ADP Employment Change, risk catalysts become important for fresh impulse.
S&P 500 Futures stays defensive around the record top of 4,288.38, up 0.10% intraday, during early Wednesday. In doing so, the risk barometer portrays the market’s indecision amid the coronavirus (COVID-19) woes and comments from the Fed official ahead of the key precursor to Friday’s US Nonfarm Payrolls (NFP).
6/30/2021 4:06:22 AM GMT | By Anil Panchal
GBP/USD fades corrective pullback from weekly low but defends bulls.
EU braces for official announcement of delaying sausage war, UK reveals post-Brexit subsidy plan.
UK records easing in infections, higher covid-led death toll.
UK Q1 GDP to confirm -1.5% QoQ initial forecast, US ADP Employment Change will be more important data.
GBP/USD picks up bids to 1.3852, struggles to keep Asian session gains to 0.11%, heading into Wednesday’s London open. Even so, the cable remains positives around a one-week low flashed the previous day as Brexit headlines have been positive of late.
Having earlier signaled to compromise over banning the British meat from Northern Ireland (NI), the EU is up for the formal announcement. “The European Union (EU) is to formally agree to postpone a ban on some British meat products being sold in NI,” said the BBC. It should, however, be noted that the bloc’s comp
USD/JPY prints five-day downtrend around 110 50 even as US Treasury yields dribble fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.