The EUR/USD currency pair remains stable around the 1.1625 mark during the early hours of the Asian session on Friday. Waller from the Federal Reserve indicated his intention to endorse maintaining the current interest rates during the upcoming September meeting. The ECB is anticipated to implement a second rate increase in September, according to the … Read more
China’s Manufacturing PMI rose to 51.5 in August, bolstering the Australian Dollar. Australian building permits experienced a decline of 3.6% in July, which was an improvement compared to the expected downturn. Rising rate-hike expectations, influenced by comments from the Federal Reserve, limit the upside potential of the AUD/USD pair. AUD/USD appreciates for the second consecutive … Read more
After China’s mixed NBS Purchasing Managers’ Index results, AUD/USD is still stable. China’s August Manufacturing PMI increased to 49.8, exceeding expectations, whereas the Non-Manufacturing PMI remained unchanged at 49.0. Australia’s TD-MI Inflation Gauge increased to 4.8% year-over-year in August, even as it experienced a monthly decrease to 0.5%. AUD/USD edges higher following a bearish gap … Read more
The EUR/USD pair experiences an upward movement, propelled by the hawkish stance of the European Central Bank, which has led to gains in the euro. Market participants are increasingly factoring in a potential deposit rate hike to 2.50% in September. ECB official Schnabel cautions that the conflict in the Middle East, coupled with economic resilience, … Read more
GBP/USD has seen a decline as the US Dollar maintains its strength, following July’s PCE inflation rate, which accelerated to 0.2%, surpassing market expectations. Oil prices declined following an agreement between Iran and Oman regarding the Strait of Hormuz, alleviating short-term inflation concerns. Pound sentiment weakened following disappointing CBI business data and a shift in … 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 strengthens to approximately 1.3645 in the early Asian session on Friday. A disappointing US jobs report and softer inflation data have tempered expectations for a more stringent monetary policy from the Federal Reserve. The Bank of England is anticipated to maintain interest rates for the rest of the year. The GBP/USD pair exhibits resilience … Read more
The Canadian Dollar gains support as higher oil prices are propelled by escalating US-Iran tensions concerning the Strait of Hormuz. Washington intends to exert maximum economic pressure on Iran to prevent a large-scale military conflict and to compel negotiations. The US Dollar may find underlying support as Treasury yields resume their upward trend despite bond … Read more
