Daily Archives: July 18, 2021

FUNDAMENTAL FORECAST FOR THE AUSTRALIAN DOLLAR: BEARISH The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar. The Citi Economic Surprise Index for Australia, a time-decay measure of data momentum, closed the week at +35.8, slightly lower than its closing level last week at +38.2. The IG […]

Uncomfortably high – that has been Federal Reserve Chair Jerome Powell’s message on inflation in his second day on Capitol Hill. However, he still sees price rises as temporary and investors are at some unease. Uncertainty about the labor force participation rate and other factors also caused confusion. To add fuel to the fire from […]

After closing the previous two trading days in the negative territory, the USD/JPY pair staged a rebound and reached a daily high of 110.35 in the early American session. However, the pair struggled to preserve its bullish momentum and was last seen gaining 0.22% on the day at 110.10. For the week, USD/JPY remains on […]