Traders scale back the odds of a final interest-rate hike by the US Federal Reserve (Fed) this year after US job openings dipped to levels unseen since early 2021. The US JOLTS Job Openings data revived bets of a Fed pause on rates and triggered an extended US Dollar correction from 12-week highs set last Friday. The […]

“The fight against inflation is not yet won,” European Central Bank (ECB) President Christine Lagarde said at an annual conference of central bankers in Jackson Hole last Friday. Lagarde added that interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation. Therefore, the upcoming Eurozone inflation data will hold the utmost significance […]

USD/CNH bulls cheer a slew of downbeat catalysts surrounding China to refresh the yearly high to 7.3126 during early Tuesday, close to 7.2940 by the press time. In doing so, the offshore Chinese Yuan (CNH) also ignores the US Dollar’s retreat from the monthly high ahead of the US Retail Sales data. However, comments from […]

EUR/USD struggles to defend the corrective bounce off five-week low. Cautious mood ahead of US Retail Sales, holidays in multiple European markets prod Euro traders. Clear downside break of previously key supports favors EUR/USD bears to approach 1.0780 support confluence. 100-DMA, multi-month-old previous support line challenge recovery moves. EUR/USD remains sidelined near 1.0910 as it […]