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
EUR/USD has declined to approximately 1.1325 on Thursday. US PCE inflation increased at a rate below expectations in August, leading to a decrease in the anticipation of a Federal Reserve rate hike this month. ECB’s Lagarde emphasised that the central bank ought to implement a “measured response” in light of the absence of evidence indicating … Read more
AUD/USD softens to near 0.6945 in Thursday’s early Asian session. Australia’s trade surplus has contracted significantly to AUD$495 million in August. Markets currently assign a probability of 38.2% to the likelihood of a Federal Reserve rate hike in October. The AUD/USD pair is experiencing slight declines, trading at approximately 0.6945 during the early hours of … Read more
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
