The Reserve Bank of Australia increased its cash rate by 25 basis points to 4.60%, aligning with market expectations. The US Dollar strengthens as rising oil prices intensify inflation worries, supporting the case for additional tightening by the Federal Reserve. The CME FedWatch Tool indicates a 70% probability of a Federal Reserve rate increase in … Read more
The USD/CHF pair experiences an uptick as the US Dollar strengthens, driven by heightened oil prices that intensify inflation worries, thereby supporting the case for additional tightening by the Federal Reserve. Markets are currently pricing in a 70% probability of an interest rate increase in October, in anticipation of crucial PCE and payroll data. Swiss … Read more
USD/JPY is experiencing slight upward movement, hovering around 157.40 during the early hours of Tuesday’s Asian session. Japan’s Katayama concurred with Bessent regarding the enhancement of cooperation during discussions held over the phone on September 25. Markets have assigned a probability of approximately 70.3% to the likelihood of a 25 basis points rate increase from … Read more
GBP/USD has weakened to approximately 1.3250 on Tuesday. Elevated US bond yields, coupled with strong fundamentals in the US economy, bolster the US Dollar. BoE’s Ramsden indicated that there may be justification for raising the Bank Rate should the inflation outlook persist in its upward trajectory. The GBP/USD pair experiences a decline, approaching 1.3250 in … Read more
The USD/CHF pair experiences an uptick as the US Dollar strengthens, propelled by hawkish signals from the Federal Reserve that are elevating expectations for an October rate hike beyond 70%. Geopolitical risks remain a focal point as market participants attentively observe the negotiations between the US and Iran, alongside developments in the Strait of Hormuz. … Read more
The EUR/USD pair has experienced a decline, approaching the 1.1380 level during on Monday. Hawkish remarks from the Federal Reserve have bolstered expectations for additional tightening measures. Markets are currently assigning approximately a 45% probability to an additional 25 basis points rate hike by the ECB in October. The EUR/USD pair declines to approximately 1.1380 … Read more
USD/CAD advances as the Canadian Dollar weakens amid expectations of a widening US-Canada interest-rate gap. The policy rate differential between the US and Canada is anticipated to expand in light of the Bank of Canada’s decision in September to maintain rates at 2.25%. The US Dollar may continue to strengthen as market expectations for a … Read more
GBP/USD advances on US Dollar weakness despite increasing market expectations for an October Federal Reserve rate hike. Geopolitical uncertainty persists in the aftermath of President Trump’s dismissal of Iran’s recent proposal concerning the Strait of Hormuz. The British Pound is experiencing an uptick as Bank of England policymakers indicate the possibility of rate hikes in … Read more
GBP/USD softens to near 1.3210 in the early European session on Friday. The pair maintains a negative outlook beneath the 100-day SMA, coinciding with an oversold RSI condition. The immediate resistance level is positioned at 1.3215; the initial support level to monitor is 1.3140. The GBP/USD pair is currently positioned in negative territory, trading at … Read more
The Canadian Dollar experiences a decline as oil prices fall, influenced by reports regarding US-Iran discussions aimed at reopening the Strait of Hormuz. Geopolitical tensions endure as Iran calls for the cessation of port blockades, while the United States upholds its resolute position. The US Dollar has appreciated in value as the CME FedWatch data … Read more
