EUR/USD declines to near 1.1245 in the early session on Monday. France’s fiscal risks exert pressure on the Euro. Traders have scaled back their expectations for a Federal Reserve rate increase in October, prompted by disappointing US employment figures. The euro has weakened, trading below the 1.1250 mark, influenced by concerns regarding France’s fiscal risk. … Read more
The British Pound experienced a decline as the US Dollar strengthened in anticipation of significant ISM Services PMI data. Weak September Nonfarm Payrolls have diminished expectations for an October Federal Reserve interest rate hike to 77.9%. Officials at the Bank of England have suggested the possibility of future rate increases in response to ongoing inflation … Read more
USD/CHF rises as the US Dollar receives safe-haven support in the context of escalating geopolitical tensions. Saudi-backed forces in Yemen initiated a significant offensive aimed at regaining territory from Houthi rebels. The Swiss Franc may find support as concerns about European debt affordability continue to rise. After two days of losses, the USD/CHF pair is … Read more
AUD/USD advances to approximately 0.6955 in the early session on Monday. US Nonfarm Payrolls underperformed relative to expectations in September. Markets anticipate that the RBA will probably maintain its current interest rates during the upcoming November policy meeting. The AUD/USD pair advances to approximately 0.6955 in the early Asian session on Monday. Weaker-than-expected US jobs … Read more
The USD/CHF has experienced depreciation as the easing of October Fed rate-hike expectations exerts downward pressure on the US Dollar. High US Treasury yields and ongoing inflation worries stemming from increased energy prices constrain additional appreciation of the Swiss Franc. Analysts assert that the Swiss National Bank will prioritise inflation concerns over the prospect of … Read more
EUR/USD softens to near 1.1235 in Friday’s session. Concerns regarding the fiscal trajectory of France are exerting downward pressure on the Euro. Fed’s Logan advocated for ’50 bps or more’ in rate hikes. Attention will be directed toward the US employment data for September, set to be released on Friday. The EUR/USD pair experiences a … Read more
AUD/USD maintains its losses as the US Dollar strengthens amid ongoing concerns regarding energy-driven inflation in the United States. Traders are anticipating the release of the US September jobs data, with expectations for Nonfarm Payrolls to decelerate to an increase of 90,000 positions. CBA anticipates that the RBA’s rate hikes have reached a temporary halt; … Read more
The CAD experiences a decline as decreasing crude oil prices exert pressure on the currency associated with commodities. Ongoing concerns regarding stable inflation in the United States, coupled with anticipated increases in interest rates, are providing sustained support for the US Dollar. Traders are closely monitoring the upcoming US September Nonfarm Payrolls data for indications … Read more
GBP/USD softens to near 1.3250 in Thursday’s early European session. The negative outlook for the pair persists beneath the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is identified at 1.3202; the immediate resistance level to monitor is 1.3311. The GBP/USD pair is currently positioned in negative territory, hovering around 1.3250 during … Read more
Swiss ZEW investor expectations fell to 2.6 in September, indicating increasing apprehensions regarding domestic inflation trends. The SNB has kept its policy rate at 0% and reiterated its willingness to engage in foreign exchange markets as necessary. The gains of the USD appear constrained as the recent moderation in U.S. PCE inflation has diminished anticipations … Read more
