During Wednesday’s Asian session, AUD/USD declines to about 0.7120. The Federal Reserve is anticipated to increase its interest rate on Wednesday, marking the first adjustment in three years. Markets are currently assigning a 78% probability to a rate hike by the RBA at the upcoming late September meeting. The AUD/USD pair experiences a decline, reaching … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening in anticipation of the Federal Reserve’s forthcoming rate decision. Robust inflation data from the United States has resulted in a 92.4% market expectation for an increase in the Federal Reserve’s interest rates. OECD has revised its projections for Swiss growth upward … Read more
GBP/USD has weakened to approximately 1.3470 during the early Asian session on Wednesday. The Federal Reserve is poised to increase interest rates later on Wednesday. Economists forecast an increase in inflation to 3.1% in August, driven by elevated motor fuel prices. The GBP/USD pair experiences a decline, approaching 1.3470 in the early hours of trading … Read more
USD/JPY remains stable, hovering around 155.25 during the early hours of Wednesday’s Asian session. The Federal Reserve is anticipated to increase the benchmark overnight interest rate by 25 basis points, bringing it to a range of 3.75% to 4.00%. Markets expect the BoJ to increase rates by 25 basis points at the forthcoming meeting on … Read more
USD/CAD is currently testing the immediate resistance level represented by the 50-day EMA at 1.3914. The 14-day Relative Strength Index is positioned around 54, indicating potential for a bullish breakout. The primary support is positioned at the nine-day EMA of 1.3861. During Asian hours on Tuesday, the USD/CAD pair traded at 1.3910, continuing its winning … Read more
GBP/USD softens to near 1.3490 in Tuesday’s early Asian session. The Federal Reserve is anticipated to increase interest rates by 25 basis points during its policy meeting on Wednesday. The Bank of England is anticipated to maintain its interest rates at 3.75% during the upcoming Thursday meeting. The GBP/USD pair experiences a decline in momentum, … Read more
USD/JPY advances to approximately 154.55 during the early hours of Tuesday’s Asian session. Traders prepare for the Federal Reserve’s initial interest rate increase in over two years. The Bank of Japan is poised to increase its policy rate during the upcoming policy meeting scheduled for Friday in September. The USD/JPY pair advances to approximately 154.55 … Read more
The US Dollar Index has shown resilience as market participants assign an 87% likelihood to a quarter-point rate increase, driven by robust inflation figures. The Swiss Franc faces challenges stemming from the likelihood of an expanding interest rate differential between the US and Switzerland. The shifts in yen carry-trade are intensifying the selling pressure on … Read more
Increasing crude oil prices approaching four-month peaks offer robust fundamental backing to the commodity-linked Canadian Dollar. Saudi pipeline shutdowns and postponed discussions regarding regional shipping corridors continue to heighten global energy supply anxieties. The broader currency pair experiences upward pressure as strong expectations for Federal Reserve rate hikes may enhance the value of the US … Read more
The EUR/USD pair has experienced a decline, trading at approximately 1.1585 during the early hours of the Asian session on Monday. Traders are intensifying their expectations that the Federal Reserve will raise its benchmark interest rate by a quarter percentage point on Wednesday. The ECB’s hawkish stance has led to heightened expectations regarding additional rate … Read more
