AUD strengthens following Australia’s July CPI, which registered a 3.5% year-over-year increase, surpassing the anticipated 3.2% despite a decline from June’s 3.8%. Australia’s July CPI experienced a month-on-month increase of 1.0%, surpassing expectations, while the annual Trimmed Mean CPI recorded a rise of 3.6%. Fading safe-haven demand and potential discussions regarding a maritime corridor between … Read more
GBP/USD drifts lower to around 1.3625 in Wednesday’s early European session. Traders brace for the release of US PCE data for July later on Wednesday. Expectations of a rate increase by the BoE this year could underpin the British Pound. The GBP/USD pair declines to near 1.3625 during the early European trading hours on Wednesday. … Read more
USD/JPY has softened to approximately 158.90 during the Asian session on Wednesday. The Treasury could utilise its General Account to assist in financing government bond acquisitions. The majority of economists anticipated that the BoJ would increase its rate in September, as indicated by a poll. The Japanese Yen has appreciated following the US bond buyback, … Read more
EUR/USD remains stable at approximately 1.1675 during the early hours of Wednesday’s Asian session. US Treasury buybacks may exert downward pressure on the US Dollar, as traders prepare for the US PCE data to provide new momentum. The United States has issued a warning of imposing stringent sanctions on nations that maintain economic relationships with … Read more
The USD/JPY appreciates for the second consecutive day, achieving session highs exceeding 153.30. Market volatility remains subdued as investors anticipate significant macroeconomic events in the latter half of the week. The technical picture indicates a moderate bullish pressure, targeting the 160.00 area. In a low-volatility market on Tuesday, the Japanese yen is still defensive versus … Read more
GBP/USD is currently positioned at 1.3627 on Tuesday. In the concluding complete week of August, the pair persists close to its peak level since the middle of February. Sterling is experiencing support due to the weakness of the dollar, a consequence of the US Treasury’s surprising move to at least double its purchases of long-term … Read more
The RBA maintains a willingness to consider rate hikes should inflationary pressures from oil and data centers emerge significantly. US Treasury Secretary Bessent’s proposed $1 trillion bond buyback expansion, along with the implementation of secondary sanctions on Iran, persist in exerting downward pressure on the USD. Traders are poised for significant US events this week, … Read more
The Euro appreciates as increasing oil prices, elevated bond yields, and tensions in the Middle East bolster expectations for a rate hike by the ECB in September. The US Dollar continues to face downward pressure following the Treasury’s announcement of a plan to double its long-term bond buybacks. Markets are poised for the release of … Read more
AUD/USD appreciates, approaching 0.7175 in the early hours of Monday’s Asian session. Treasury buyback concerns exert pressure on the US Dollar. An Iranian official characterised the prospect of renewed US economic sanctions as ‘desperate.’ The AUD/USD pair is experiencing slight upward movement, trading at approximately 0.7175 in the early hours of the Asian session on … Read more
The USD/CHF pair experiences a decline as the US Dollar weakens in response to unanticipated fiscal policy actions aimed at limiting the increase in Treasury bond yields. US Treasury Secretary Scott Bessent indicated buybacks exceeding $4 billion to demonstrate the disparity between elevated yields and genuine economic fundamentals. The SNB policy rate is maintained at … Read more
