RBA Governor Bullock warned that persistent inflation may force another interest rate hike in September. UBS projects two additional Australian rate hikes, forecasting a terminal interest rate of 4.85%. Traders are pricing in an October Fed rate hike probability of 53.1%. AUD/USD extends its gains for the second successive day, trading around 0.7120 during the … Read more
EUR/USD records slight increases around 1.1625 during the early hours of the Asian session on Tuesday. The ECB is anticipated to increase interest rates once more on Thursday. The US and Iran engaged in hostilities against each other’s vessels, heightening concerns regarding the potential for an expanded conflict. The EUR/USD pair is experiencing modest gains, … Read more
The Canadian Dollar appreciates in value, buoyed by rising crude oil prices and ongoing tensions in the Middle East. The US Dollar is experiencing downward pressure due to a significant rally in the Yen and a deceleration in private employment growth within the United States. Investors are closely monitoring the upcoming weekly jobless claims and … Read more
USD/JPY has experienced a decline, trading at approximately 158.15 during the Asian session on Thursday. Comments from Ueda and Bessent reinforce the argument for a Bank of Japan rate increase this month. The labour market data for August in the United States is set to be the focal point later this week. The USD/JPY pair … Read more
EUR/USD has softened to approximately 1.1575 during the early European session on Wednesday. Further consolidation cannot be dismissed given the lack of directional momentum indicated by the RSI. The first upside barrier emerges at 1.1600; the initial support level to watch is 1.1565. The EUR/USD pair experiences a decline, approaching 1.1575 in the early European … Read more
EUR/USD records slight increases around 1.1620 during the early hours of Tuesday’s Asian session. Germany’s CPI inflation increased to 2.9% year-on-year in August. Traders are increasing their wagers on a potential rate hike following remarks from the Fed’s Warsh regarding the need to address inflationary pressures. The EUR/USD pair is experiencing slight increases, hovering around … Read more
The USD/CHF experiences a decline as Jan Hatzius anticipates that the Federal Reserve will maintain its current interest rates unless forthcoming inflation data presents an unexpected increase. Jackson Hole remarks elevated September US rate hike expectations from 35% to 57.5%. Swiss rates remain stable, although markets are beginning to factor in possible increases commencing in … Read more
AUD appreciates as robust July inflation figures strengthen expectations for a rate increase by the Reserve Bank of Australia. Markets currently anticipate a rate increase in November, as leading banks project an earlier tightening of monetary policy. Traders are poised for Federal Reserve Chair Kevin Warsh’s upcoming speech at Jackson Hole, seeking directional insights regarding … Read more
Decreasing Brent crude prices have alleviated inflation concerns in the UK, leading to a shift in expectations regarding Bank of England rate hikes, now anticipated for 2027. Markets are pricing in minimal tightening for September, which maintains economists’ confidence that the Bank of England will keep rates at 3.75%. Foreign exchange traders are anticipating Federal … Read more
EUR/USD records slight increases around 1.1655 during the early hours of Thursday’s Asian session. Money markets are preparing for a more aggressive stance from the ECB. Fed Chairman Kevin Warsh’s speech at the Jackson Hole symposium will be the focal point on Friday. The EUR/USD pair advances to approximately 1.1655 in the early hours of … Read more
