USD/JPY experiences a significant decline, reaching approximately 156.25 during the early Asian trading session on Friday. Japanese CPI inflation has surpassed the Bank of Japan’s target for the first time this year. Comments from Federal Reserve policymakers have moderated anticipations regarding a potential rate increase at the upcoming October policy meeting. The USD/JPY pair continues … Read more
USD/CHF advances as the US Dollar finds support despite increasing scepticism regarding the sustainability of AI trade. The Swiss Franc may further strengthen alongside falling Swiss 10-year bond yields, driven by escalating Middle East geopolitical risks. The SNB Minutes indicated an increase in inflation attributed to elevated oil prices and previous currency depreciation, while noting … Read more
The USD/CAD pair has seen a depreciation as the US Dollar faces challenges in the wake of underwhelming earnings reports from major corporations. Escalating geopolitical tensions in the Middle East have heightened market risk aversion, leading to a preference for low-yielding safe-haven currencies in place of the US Dollar. The Canadian Dollar appreciates as WTI … Read more
GBP/USD is experiencing modest gains, trading at approximately 1.3405 during the early session on Friday in Asia. The Bank of England is widely anticipated to raise borrowing costs at its forthcoming meeting on 5 November. The Federal Reserve is anticipated to maintain interest rates in October, with a subsequent increase projected for December, according to … Read more
EUR/USD edges slightly higher to around 1.1235 in Thursday’s early Asian session. Widespread anti-government protests in France, coupled with a deteriorating fiscal outlook, may place downward pressure on the Euro. Markets are currently reflecting a modest probability of an interest rate increase in the upcoming week. The EUR/USD pair is experiencing modest gains, hovering around … Read more
In September, housing starts in the United States experienced a decline, while pending home sales reached unprecedented lows, contributing to a depreciation of the US Dollar. Drone attacks in the Middle East and Ukraine have contributed to an increase in oil prices, thereby exacerbating inflationary pressures and influencing expectations for a rate hike by the … Read more
Increased crude oil prices have strengthened the Canadian Dollar, resulting in downward pressure on the USD/CAD pair. Drone attacks targeting Saudi and Russian oil infrastructure have intensified market anxieties regarding potential disruptions in energy supply. Geopolitical risks and uncertainty surrounding Federal Reserve interest-rate policy persist in influencing overall market sentiment. USD/CAD extends its losing streak … Read more
AUD/USD softens to near 0.7015 in Thursday’s early Asian session. RBA’s Hauser indicates that the inflation outlook has significantly deteriorated compared to the bank’s previous forecasts, increasing the likelihood of an additional rate hike as early as November. The forthcoming trajectory of the Federal Reserve’s policy continues to serve as a significant driver of market … Read more
Japan’s trade deficit for September amounted to JPY 536.6 billion, reflecting a deceleration in both export and import growth. Japan’s Finance Minister Katayama affirmed the importance of close coordination with the Bank of Japan, emphasising a focus on enhancing supply capacity growth while avoiding inflationary pressures. Markets are assessing US inflation data in conjunction with … Read more
EUR/USD has decreased to approximately 1.1225 during the early Asian session on Wednesday. Traders exhibited caution regarding the Euro amid widespread protests and fiscal uncertainties in France. The Fed is expected to hold rates steady this month before potentially resuming tightening later in the year. The EUR/USD pair experiences a decline, approaching 1.1225 in the … Read more
