The post Taiwan Dollar: Flow-driven weakness with policy support – OCBC appeared on BitcoinEthereumNews.com.
OCBC Bank’s Sim Moh Siong and Christopher Wong note that Taiwan Dollar (TWD) remains on the back foot, with USD/TWD above 32, driven mainly by foreign equity selling and dividend/remittance-related US Dollar (USD) demand rather than weaker fundamentals. Authorities are encouraging quicker execution of large USD sell orders to mobilise natural supply, while exporter USD selling and CBC guidance may reduce the risk of a disorderly move higher in USD/TWD. Vulnerable on flows but disorderly spike risk tempered “TWD has stayed on the back foot, with USD/TWD breaking above the 32 handle. The move looks largely flow-driven rather than a deterioration in domestic fundamentals. Foreign equity selling has weighed on Taiwan equities and added to USD demand, while dividend/profit remittance flows also added to seasonality demand for USD.” “CBC officials have framed recent FX weakness as lar
The post China Producer Price Index (YoY) meets expectations (4.1%) in June appeared on BitcoinEthereumNews.com.
Gold trades with a mild negative bias in the Asian session on Thursday, fading the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is supporting Gold. However, fresh US-Iran tensions drive Oil higher, reviving inflation concerns and limiting the USD’s downside and the bullion’s rebound. Source: https://www.fxstreet.com/news/china-producer-price-index-yoy-meets-expectations-41-in-june-202607090130
The post China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June appeared on BitcoinEthereumNews.com.
Gold trades with a mild negative bias in the Asian session on Thursday, fading the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is supporting Gold. However, fresh US-Iran tensions drive Oil higher, reviving inflation concerns and limiting the USD’s downside and the bullion’s rebound. Source: https://www.fxstreet.com/news/china-consumer-price-index-yoy-came-in-at-1-below-forecasts-11-in-june-202607090130
The post British Pound strengthens to near 1.3400 as UK political risk fades appeared on BitcoinEthereumNews.com.
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty. However, hawkish minutes from the Federal Reserve (Fed) and renewed tensions between the US and Iran might support the US Dollar (USD) and cap the upside for the major pair. Following the resignation of Keir Starmer in late June, UK political risk has eased significantly, lifting the Cable. The formal race to replace outgoing Prime Minister Keir Starmer begins on July 9. Frontrunner Andy Burnham is widely expected to become Prime Minister by July 20. The release of minutes from the Fed’s June meeting, which was Chairman Kevin Warsh’s first, reflected a divided central bank not sure how to proceed on rates without more information on inflation. The minutes said that “many participants indicated that the appropriate level of the federal
The post Japanese Yen gains ground on intervention risks appeared on BitcoinEthereumNews.com.
The USD/JPY pair edges lower to around 162.45 during the early Asian session on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid fears of possible intervention from Japanese authorities. The US weekly Initial Jobless Claims report is due later on Thursday. Japan’s Finance Minister Satsuki Katayama said that Tokyo remains in regular contact with the US on foreign exchange issues and is ready to respond appropriately at any time. “The yen’s current weakness is excessive and fails to reflect the strong fundamentals of the Japanese economy, a misalignment that could prompt major central banks to launch coordinated intervention,” said Michael Nizard, head of multi-asset and overlay at Edmond de Rothschild Asset Management. According to Federal Reserve (Fed) Minutes released on Wednesday, the committee is split over whether inflation is likely to stay elevated or whether
The post Japan Money Supply M2+CD (YoY) declined to 2.2% in June from previous 2.5% appeared on BitcoinEthereumNews.com.
Gold trades with a positive bias during the Asian session on Thursday and looks to build on the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is seen supporting the bullion. However, fresh US-Iran tensions trigger a sharp recovery in Oil prices, reviving inflationary concerns and reinforcing bets for at least one Fed rate hike in 2026. This should cap the non-yielding yellow metal. Source: https://www.fxstreet.com/news/japan-money-supply-m2cd-yoy-declined-to-22-in-june-from-previous-25-202607082351
The post Japan Foreign Investment in Japan Stocks down to ¥-22.2B in July 3 from previous ¥-1B appeared on BitcoinEthereumNews.com.
Gold trades with a positive bias during the Asian session on Thursday and looks to build on the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is seen supporting the bullion. However, fresh US-Iran tensions trigger a sharp recovery in Oil prices, reviving inflationary concerns and reinforcing bets for at least one Fed rate hike in 2026. This should cap the non-yielding yellow metal. Source: https://www.fxstreet.com/news/japan-foreign-investment-in-japan-stocks-down-to-y-222b-in-july-3-from-previous-y-1b-202607082350
The post Euro steadies as Middle East strikes offsets Fed repricing appeared on BitcoinEthereumNews.com.
The Euro holds firm against the US Dollar on Wednesday as hostilities in the Middle East continued, with the US attacking Iran for the second straight day at around the Strait of Hormuz. At the time of writing, the EUR/USD trades at 1.1420, after bouncing off daily lows of 1.1391. EUR/USD holds firm as Fed minutes, Hormuz strikes lift USD The US Central Command revealed in a post that “At the direction of the Commander in Chief, US Central Command forces have started conducting additional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz.” The markets reacted immediately to the headline, as risk appetite soured, as depicted by US equity markets finishing Wednesday’s session with losses. Crude prices are registering a leg up, with Western Texas Intermediate (WTI), the US Oil benchmark, up 3.57% at $74.77. Earlier, the Fede
The post Levi Strauss (LEVI) Q2 2026 earnings appeared on BitcoinEthereumNews.com.
A view of Levi Strauss & Co. headquarters on July 8, 2026 in San Francisco, California. Heather Diehl | Getty Images Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. The denim maker is now expecting full-year adjusted earnings per share to be between $1.46 and $1.52, up from a prior range of between $1.42 and $1.48. At the high end, that’s ahead of expectations of $1.50 per share, according to LSEG. Levi also raised its top line outlook and is now expecting full-year sales to rise between 7% and 7.5%, compared to a prior range of between 5.5% and 6.5%. That’s ahead of expectations of 6.6%, according to LSEG. About half of that growth is expected to come from higher prices and the other half is expected to come from unit sales, said finance chief Harmit Singh. Here’s how Levi did in its secon
