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USD consolidates after Friday’s losses; China reports softer manufacturing data

Chinese manufacturing PMI turned out to be lower than expected in July, the actual reading of 51.4 was lower than the previous month’s reading of 51.7 and also came short of an expected 51.6. Overall sentiment during Asian trading remained Read More →

JPY: Is Abenomics Coming To An End? What Would It Mean For JPY? – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that a more cautious Fed rhetoric of late and lacklustre price action in UST yields have kept USD/JPY confined to a tight range of late.

"This much could mean that the pair Read More →

EUR/USD, AUD/USD: Near An ‘Exhaustion Point’; Key Levels For Possible Washout – TD

TD Research thinks that the market’s reaction to the July FOMC was overdone as markets used this as an opportunity to push several majors through key technical levels.

"We are not convinced this is the break that investors should Read More →