GBP/USD experiences depreciation as the Federal Reserve indicates additional rate hikes to address ongoing inflationary pressures. Markets currently assign a 56.5% probability to the prospect of an additional rate hike at the forthcoming October meeting. Scotiabank observes that the UK’s favourable political environment and commitment to fiscal responsibility persist in bolstering the Pound. GBP/USD experiences … Read more
The USD/CHF has experienced an uptick as market participants assign a 56.5% probability to the likelihood of an additional rate hike occurring in October. Fed Chair Kevin Warsh emphasises that ongoing inflation continues to be excessively elevated, indicating the likelihood of additional tightening measures. The Swiss Franc experienced depreciation as a result of an expanding … Read more
AUD/USD experiences slight declines, hovering around 0.7120 during the early of Monday’s Asian session. Expectations surrounding Fed rate hikes lend support to the US dollar, presenting a challenge for the pair. Market participants are closely monitoring the upcoming Australian employment figures and the scheduled summit between Trump and Xi later on Thursday. The AUD/USD pair … Read more
EUR/USD is showing resilience, approaching the 1.1490 mark during the early hours of the Asian session on Friday. The negative tone of the pair persists below the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is identified at 1.1475, while the first upside barrier is positioned at 1.1550. The EUR/USD pair is … Read more
The US 10-year yield declined to 4.93%, influenced by a decrease in crude prices that alleviated ongoing concerns regarding inflation. Crude prices experienced a decline as a result of Saudi pipeline restoration initiatives and the impending meetings between US and Gulf leaders. Fed Chair Warsh cautioned that inflation continues to be elevated, leading to an … Read more
The Japanese Yen appreciates in value in anticipation of a projected 25-basis-point rate increase by the Bank of Japan this coming Friday. Japanese officials underscore the importance of economic stability, prudent budget management, and the pursuit of a sustainable 2% inflation target. The US Dollar has experienced a decline, even as the Federal Reserve has … Read more
EUR/USD declines to approximately 1.1460 during the early Asian session on Thursday. The Federal Reserve has elevated interest rates and indicated the likelihood of additional hikes in borrowing costs in the near future. The ECB has underscored its commitment to a data-dependent strategy, refraining from any pre-commitment regarding future actions on interest rates. The EUR/USD … Read more
AUD/USD is showing resilience as it approaches 0.7090 during the early hours of Thursday’s Asian session. The Fed has opted to raise the benchmark rate to a range of 3.75% to 4.0% as of Wednesday. The IMF indicated that the RBA ought to be prepared to increase rates as necessary, highlighting the potential risks associated … Read more
During Wednesday’s Asian session, AUD/USD declines to about 0.7120. The Federal Reserve is anticipated to increase its interest rate on Wednesday, marking the first adjustment in three years. Markets are currently assigning a 78% probability to a rate hike by the RBA at the upcoming late September meeting. The AUD/USD pair experiences a decline, reaching … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening in anticipation of the Federal Reserve’s forthcoming rate decision. Robust inflation data from the United States has resulted in a 92.4% market expectation for an increase in the Federal Reserve’s interest rates. OECD has revised its projections for Swiss growth upward … Read more
