Rising Covid-19 cases in Japan may hinder the yen's gains.Speculative trading is likely to set in as the market awaits the next Fed decision.US jobs data is likely to guide traders' decisions on USD. The US dollar continued to show its recent weaknesses against major currencies as it slipped by 0.31% against the Japanese yen to trade at 109.379 at 1410 GMT on Monday. … [Read more...] about USDJPY Outlook: The Pair Looks Headed for Sideways Trading
Forex News
US Dollar Index Prediction: Is the DXY a Buy or Sell This Week?
The US dollar index (DXY) was little changed during the Asian session ahead of a relatively busy week for the greenback. The index was trading at $9210 on Monday morning. US jobs data ahead The most significant catalyst for the US dollar index will be the latest American jobs data that will come out on Friday. Before that, America Data Processor (ADP) will publish … [Read more...] about US Dollar Index Prediction: Is the DXY a Buy or Sell This Week?
Workers at the World’s Biggest Copper Mine Reject Offer in Readiness for Strike
Source: WSJ Copper miners at La Escondida, the world’s largest plant in Chile, plan a strike after rejecting a new contract offer from BHP Group Ltd. HG1! is up +0.31%. The union representing the workers at the mine facility say BHP’s offer had no performance-based compensation for keeping it operating during Covid-19.Miners now will need to endure an obligatory … [Read more...] about Workers at the World’s Biggest Copper Mine Reject Offer in Readiness for Strike
UK Manufacturing PMI Slips to 60.4 in July with Input Shortage Driving Up Cost
Source: IHS Markit The UK seasonally adjusted Manufacturing PMI was 60.4 in July, down from 63.9 in June as output and new order growth slowed. FTSE 100 is up + 0.64%, GBPUSD is down -0.08%. The July’s decline in the UK Manufacturing PMI is a drop from the month of May when it hit a record high of 65.6. The rate of manufacturing output was up for the … [Read more...] about UK Manufacturing PMI Slips to 60.4 in July with Input Shortage Driving Up Cost
China’s July Manufacturing PMI Down to 50.3 Amid a Positive Business Outlook
Source: IHS Markit China General Manufacturing seasonally adjusted PMI moved from 51.3 in June to 50.3 in July, the slowest improvement in 15 months. CSI 300 is up +2.55%, USDCNY is down -0.01%. The employment index was slightly above 50 in July, signaling an expansion and an increase in the pending workload.The new export order index was marginally above 50 due to … [Read more...] about China’s July Manufacturing PMI Down to 50.3 Amid a Positive Business Outlook
