Author: Robert Jessi

Commerzbank’s Moses Lim argues that Bank Indonesia Governor Perry Warjiyo’s surprise resignation, following earlier high-profile departures, heightens concerns over policy continuity and institutional credibility as the Indonesian Rupiah (IDR) trades near historic lows versus the US Dollar (USD). Market focus now shifts to the choice of successor, with some candidates seen as reassuring and others potentially undermining confidence, keeping USD/IDR supported near term.Governor exit keeps USD/IDR supported”The Indonesian rupiah (IDR) faces renewed depreciation pressure following the surprise resignation of long-serving Bank Indonesia (BI) Governor Perry Warjiyo yesterday.””Warjiyo, who had led the central bank since 2018, stepped down for personal reasons…

Right now, traders would rather own dollars against the risk of a hawkish Fed than wait for the policy debate to be settled. Takeaways The dollar remains firm despite limited movement in Treasury yields, suggesting FX traders are taking the risk of a hawkish FOMC seriously. The Fed does not need to hike to support the dollar; it only needs to keep the possibility of further tightening alive. Lower oil prices are failing to lift because monetary-policy divergence remains the dominant theme. The Swiss franc may replace the yen as the funders’ pawn. The Dollar Is Voting Before the Fed…

USD/CAD trades around 1.4095 on Friday at the time of writing, up a modest 0.06% as the US Dollar (USD) retains a slight advantage following the release of solid US economic data, while the Canadian Dollar (CAD) remains pressured by weak domestic indicators and softer Oil prices.The United States (US) S&P Global Composite Purchasing Managers Index (PMI) rose to 53.6 in July from 51.9 in June, signaling an acceleration in private sector activity. The Services PMI improved to 53.6, while the Manufacturing PMI eased slightly to 53.8 from 53.9. According to Chris Williamson, Chief Business Economist at S&P Global Market…

The Market Participants Survey results are based on questionnaire responses from about 26 financial market participants.

The euro opened the week with a bullish gap and spent the rest of the session giving it back. gapped up on the Sydney open as risk sentiment improved, ran to the 1.1410–1.1420 band through Asian and early European hours, and held near 1.1406 into the London afternoon against Friday’s 1.1369 close. By the second half of the day the pair had lost its bullish momentum and slipped back below 1.1400, clinging to small gains rather than building on them. That is the fourth asset Monday to trace the identical shape. The S&P 500 opened up 0.85% on futures and…

First Financial Bankshares director Nickles buys $24,423 in stock

traded at 163.571 on Monday, down 0.13% from Friday’s close near 163.78, after the pair printed a fresh forty-year low for the yen at 163.99 in the prior session. Friday’s settle was quoted at 163.747. Over the past month the yen has weakened 1.01%. Over twelve months it is down 10.17%. Those are the anchor numbers, and the distance between them and the record matters: 42 pips. The yen is not recovering. It is consolidating within touching distance of a level it has not seen since the mid-1980s. What makes Monday remarkable is the company the yen kept. The dollar…

XAU/USD Current price: $ 4,082A pause in Middle East tit-for-tat attacks pushed Oil prices lower.The macroeconomic calendar features central banks’ decisions this week. XAU/USD is neutral in the near term, still struggling to run past $4,100. Spot Gold gapped higher at the beginning of the new week, as a pause in Middle East hostilities underpinned the mood and weighed on the US Dollar (USD). The XAU/USD pair traded as high as $4,116.20 during Asian trading hours, following a pause in strikes between Iran and the United States (US). News brought relief, despite traffic through the Strait of Hormuz remaining restrained,…

USD/CAD trades around 1.4095 on Friday at the time of writing, up a modest 0.06% as the US Dollar (USD) retains a slight advantage following the release of solid US economic data, while the Canadian Dollar (CAD) remains pressured by weak domestic indicators and softer Oil prices.The United States (US) S&P Global Composite Purchasing Managers Index (PMI) rose to 53.6 in July from 51.9 in June, signaling an acceleration in private sector activity. The Services PMI improved to 53.6, while the Manufacturing PMI eased slightly to 53.8 from 53.9. According to Chris Williamson, Chief Business Economist at S&P Global Market…

The Bank of Canada today published its 2027 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. In addition, the Bank published its schedule for the release of the Business Outlook Survey and the Canadian Survey of Consumer Expectations, and the Financial Stability Report. The scheduled dates for the interest rate announcements for 2027 are as follows: Wednesday, January 27 Wednesday, March 3 Wednesday, April 28 Wednesday, June 2 Wednesday, July 21 Wednesday, September 8 Wednesday, October 27 …