The USD/CHF pair experiences depreciation as the US Dollar weakens in the context of enhanced risk-on sentiment. UOB Group strategists observe robust momentum; however, they assert that it is premature to validate a USD/CHF breach above 0.8300. Fed’s Musalem cautions that inflation may remain elevated, exceeding the 2% threshold, unless there are earlier and incremental … Read more
USD/JPY is experiencing upward momentum, approaching 157.55 during the early hours of Tuesday’s Asian session. The Bank of Japan’s absence of hawkish guidance following last week’s rate hike exerts downward pressure on the Japanese Yen. Traders are currently assigning a probability of 56.5% to the likelihood of a Federal Reserve rate increase of at least … Read more
AUD/USD edges higher to approximately 0.7120 in the early European session on Tuesday. The hawkish tone of the RBA bolsters the Australian Dollar. Market participants are assigning a 56.5% likelihood to a Federal Reserve interest rate increase in October. The AUD/USD pair advances to approximately 0.7120 in the early hours of European trading on Tuesday. … Read more
EUR/USD registers slight increases near 1.1470 during the early hours of Tuesday’s Asian session. Political risks in Germany have escalated after the results of two more unsatisfactory state elections. Fed’s Musalem indicated that additional rate hikes are probably necessary to address inflationary pressures. The EUR/USD pair is experiencing slight increases, hovering around 1.1470 in the … Read more
The EUR/USD pair advances to approximately 1.1485 during the early hours on Monday. The Fed’s recent rate hike could support the US Dollar and limit the pair’s potential for appreciation. ECB’s Vujcic stated that energy is influencing rate expectations; however, the central bank will consider a wider array of indicators. The EUR/USD pair exhibits slight … Read more
GBP/USD experiences depreciation as the Federal Reserve indicates additional rate hikes to address ongoing inflationary pressures. Markets currently assign a 56.5% probability to the prospect of an additional rate hike at the forthcoming October meeting. Scotiabank observes that the UK’s favourable political environment and commitment to fiscal responsibility persist in bolstering the Pound. GBP/USD experiences … Read more
The USD/CHF has experienced an uptick as market participants assign a 56.5% probability to the likelihood of an additional rate hike occurring in October. Fed Chair Kevin Warsh emphasises that ongoing inflation continues to be excessively elevated, indicating the likelihood of additional tightening measures. The Swiss Franc experienced depreciation as a result of an expanding … Read more
AUD/USD experiences slight declines, hovering around 0.7120 during the early of Monday’s Asian session. Expectations surrounding Fed rate hikes lend support to the US dollar, presenting a challenge for the pair. Market participants are closely monitoring the upcoming Australian employment figures and the scheduled summit between Trump and Xi later on Thursday. The AUD/USD pair … Read more
RBA Governor Bullock warned that persistent inflation may force another interest rate hike in September. UBS projects two additional Australian rate hikes, forecasting a terminal interest rate of 4.85%. Traders are pricing in an October Fed rate hike probability of 53.1%. AUD/USD extends its gains for the second successive day, trading around 0.7120 during the … Read more
EUR/USD is showing resilience, approaching the 1.1490 mark during the early hours of the Asian session on Friday. The negative tone of the pair persists below the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is identified at 1.1475, while the first upside barrier is positioned at 1.1550. The EUR/USD pair is … Read more
