“Trade What’s Happening… Not What You Think Is Gonna Happen.”
USD
EUR/USD
The Shared currency cheered to $1.0460 amid recently hawkish comments from the ECB policymakers ahead of the key Federal Open Market Committee (FOMC) interest rate decision.
GBP/USD
The Cable printed a corrective pullback to $1.2009 from a 27- month low on positive news that Boris Johnson wanted to reverse rishi Sunak's planned multibillion pound tax raid on business in the aftermath of last week’s confidence vote.
USD/JPY
The Japanese yen gained this morning to $ 135.00 as Japan’s Machinery Orders for April jumped 19% YoY versus 5.3% expected and retreat in US treasury yields.
AUD/USD
The Aussie dollar grinded higher to $0.6907 amid hawkish comment from RBA and upbeat data in retail sales and Industrial production from China in May.
USD/CAD
The Loonie lost ground to 1.2956 as oil tumbled and research firm Fitch believes that the growth rate in Canada could decline to 2.2% in CY 2023 from 3.8% in CY2023.
USD/ZAR
South Africa's rand strengthened to 16.00 as South African Reserve Bank was expected to maintain a 50 basis points pace of hikes for its three remaining meetings in 2022, followed by a final 25 bp hike in January 2023.
USD/MUR
The dollar-rupee climbed higher to 44.50 (Selling).
13:00 - EUR - Industrial Production s.a. (MoM)(Apr)
16:30 - USD - Retail sales (MoM) May
17:15 - EUR - ECB's Panetta speech
20:20 - EUR - ECB's President Lagarde speech.
22:00 - USD- Fed Interest Rate Decision
