The USD/JPY recorded advances for a fifth straight day, reaching a peak just shy of 140.40. The second week of July saw a slowdown in Jobless Claims, which fueled an increase in US rates. The Fed Survey and Existing Home Sales in Philadelphia produced subpar results. The pair is trading …

The US dollar has gained momentum during the trading session, with the US Dollar Index (DXY) climbing to a weekly high above 100.50. Rising US Treasury bond yields have provided a significant boost to the US currency. The number of first-time unemployment benefits applications in the US declined to 228,000 …

Markets responded favourably to the UK’s Consumer Price Index reading that came in below expectations while anticipating a slew of tech profits that were scheduled to be released after the US session. The value of the US dollar increased significantly. The US Dollar index, or DXY, ranged from a low …

The The EUR/GBP cross peaked at a daily high of 0.8700 and then settled near 0.8660. UK’s headline CPI declined to 7.9% YoY, lower than expected.Lower British yields and dovish bets on the BoE made the GBP struggle to find demand on Wednesday. The EUR/GBP set a fourth consecutive day …

Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth.Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.Prices pared gains …

On Wednesday, Netflix reported second-quarter financial results that came in mixed as the platform continues efforts to trim costs and boost engagement in an increasingly competitive streaming landscape.Revenue, although 2.7% higher compared to the year-ago period, missed estimates despite new initiatives like the crackdown on password sharing, which rolled out …

The US dollar is gathering momentum against its major rival currencies midweek. The Dollar Index rose above 100.50 earlier during the US trading session. At the time of writing the Index posts 100.417.The US housing data missed expectations but failed to trigger a market reaction. The dollar started to outperform …

The Bank of England (BoE) is unlikely to raise interest rates due to the UK’s unexpected drop in inflation in June. The BoE raised rates 13 times since December 2021 to counter soaring price rises, which have driven up borrowing costs for millions. However, the UK’s inflation rate remains almost …

European Central Bank Governing Council member Yannis Stournaras told CGTN Europe on Wednesday that he wasn’t sure whether the ECB would hike rates again after 25 bps increase next week.“We might have one further move next week of 25 basis points, but I’m not sure that we’re going to go …

The USD/CAD pair is trading in the 1.31s during the US session. The Canadian dollar wavers after data shows a lower-than-estimated crude oil inventory draw, reflecting weaker demand. The US dollar holds up surprisingly well despite lower-than-expected US housing data. Canada’s dollar trades lower against its US counterpart after crude …