AUD & NZD Crosses Diverging

AUDCAD, Daily The Australian Dollar has been under duress from expectations of more action from the RBA later in the year. Currently, AUDUSD is locked...

Chinese state banks seen slowing its descent

Chinese state banks have been supporting the Yuan, according to sources cited by Reuters. State banks often act on behalf of the PBoC in...

BoC and Loonie Crosses

Bank of Canada's announcement is expected to result in no change in rates and a repeat of the data-driven mantra. Given that recent data...

UK recessionary risk

GBPJPY Sterling made a return to underperforming ways after much worse than expected manufacturing and construction PMI data, which were followed up by some dovish...

More Pressure on the Pound

GBPUSD, H1 The UK's June construction PMI was much weaker than expected in dropping sharply to a 43.1 headline reading, down significantly from 48.6 in...

Weak EU wide data as German Inflation ticks up

EURJPY, H1 Eurozone ESI economic confidence was much weaker than expected, with the headline number falling back to just 103.3, the lowest result since August...

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