Latest Market News: 12th July 2023

A famous US hedge fund manager use to call me on a daily basis at the end of his day and ask me what I thought would hurt the market the most, today. What price action would cause the most damage. This is how he hunted.

EUR/USD is nudging above 1.10 in quiet conditions. US interest rates are a little softer, but key drivers of?EUR/USD?such as interest rate differentials and energy prices have barely budged. Reports suggest that hedge funds may be rotating away from the narrow rally in US equities towards better valuations in Europe.

The Japanese Yen lifted against the US Dollar on a short squeeze as speculators ran for cover. At the close of trade in New York, the USD/JPY tumbled 0.7% to 140.35 (141.35 yesterday). Barely two weeks ago, the Dollar hit a high of 144.90 Yen. Just another riveting day in FX.

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, and S&P 500.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the?AUDUSD?daily and 15-minute charts.

The State of the US Mind Ahead of US Inflation Data by Clifford Bennett :

Exploring RBNZ Interest Rate Decision and Japanese Yen Strength by Luca dos Santos Lopes :

Join Nathan Bray, Senior Account Manager at ACY Securities, as he provides valuable insights into the upcoming US CPI (Consumer Price Index) data release and its potential impact on the financial markets.

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