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USD/JPY Forecast: Following the behavior of US Treasury yields

USD/JPY Current price: 106.16 Japanese macroeconomic data improves modestly but failed to impress. US Treasury yields remained depressed throughout the week, limiting USD/JPY range. USD/JPY technically neutral could turn bearish on a break below 105.50. The USD/JPY pair closed the week as it star

Wall Street Likely To Open On Positive Note

Higher futures point to a positive opening for U.S. stocks on Wednesday. With no big economic data due for the day, activity may well remain stock specific. The Nasdaq futures rose sharply after early weakness, suggesting a rebound of sorts in the technology space that saw heavy selling in recent

European Economics Preview: German Retail Sales, UK Nationwide House Prices Due

German retail sales data and the monthly house price survey results from the UK are the main news on a light day for economic data in Europe. The Federal Statistical Office or Destatis is set to release Germany's retail sales data for July at 02:00 am ET. Economists are looking for a monthly gain of

Hedge funds boost their bearish bets on US stocks

Hedge funds are slowly boosting their bearish bets on the US stocks as overstretched valuations and Sino-US tussle make risk assets vulnerable to pullback.  Net shorts in the S&P 500 E-mini futures rose to their highest level in two months in the week ended Aug. 11, according to a Bloomberg repo

China Trade Data Due On Friday

China will on Friday release July numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to rise 1.0 percent on year after gaining 2.7 percent in June. Exports are called lower by an annual 0.2 percent after rising 0.5 perce

Malaysia Bourse Likely To Hand Back Thursday's Gains

The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day slide in which it had stumbled more than 30 points or 2 percent. The Kuala Lumpur Composite Index now rests just above the 1,605-point plateau although it

USD/CHF Price Analysis: Wednesday’s bullish engulfing suggests scope for a rise to 0.95

USD/CHF's daily chart shows a bullish candlestick pattern and RSI divergence.  A move to 0.95 could be in the offing. USD/CHF is trading at 0.9453 at press time.  The pair created a bullish engulfing candle on Wednesday, confirming a reversal higher from the downtrend from the March high of 0.9902.

S&P 500 Index Forecast: Bank's earnings in focus, COVID-19 induced insolvency fears simmer away

The S&P 500 will be a key theme on Q2 earnings this week, traders watching the banks for guidance.  Wall Street stocks remain in bullish territory, but the S&P 500 is on thin-ice while below the June highs.  A relentless COVID-19 pandemic has bankrupted hundreds of US companies and US unempl

GBP/USD: A move to 1.2580 is not favoured so far – UOB

Cable’s potential advance to the 1.2580 region in the short-term horizon seems to be losing momentum for the time being, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted last Friday “momentum has eased considerably and GBP has likely moved into a consolidation/correcti

Why inflation doesn't have a prayer

V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic reality, it flouts common sense in ways that only extraordin

AUD/USD: Return of Sino-American tussle pauses upside beyond 0.6900

AUD/USD rally fades near a five-month top amid fresh challenges to the bulls. US policymakers criticize China in a move to probe previous risk-on sentiment ahead of NFP. Comments from the Aussie PM also stopped the bulls. Qualitative catalysts will be in focus before the US employment report. AUD/U

Silver to follow gold higher

The problem of silver's oversupply solved by gold's price  I was reading a Bloomberg article yesterday which explained that this year is the 8th year of oversupply for silver. These large stockpiles of silver are part of the reason that silver prices have remained relatively subdued due to gold pric