The Japanese Yen remains stable during the Mountain Day holiday as markets consider the possibility of intervention in the context of limited liquidity. The BoJ may raise rates in September to counter inflation stemming from a depreciating yen and escalating oil prices. A lacklustre July US payrolls report generated challenges for the US Dollar, leading … Read more
AUD/USD experiences an uptick as a robust Australian Dollar finds support in anticipation of the Reserve Bank of Australia’s forthcoming interest rate decision. The RBA is widely anticipated to maintain its cash rate at 4.35% for a second consecutive meeting. A weak July payrolls report created headwinds for the US Dollar, introducing rate uncertainty following … Read more
GBP/USD begins the week of 10–14 August positioned around 1.3500, marking its peak since 15 July. Sterling is capitalising on the momentum generated by a significant drop in the dollar, triggered by a disappointing US labour market report that has diminished expectations for a Federal Reserve rate increase in September. Further support has emerged from … Read more
The USD/JPY appreciates as divergent perspectives within the Bank of Japan regarding prospective rate increases maintain downward pressure on the Yen. Japan recorded an unforeseen current account deficit of JPY 92.3 billion in June, marking its first deficit in 17 months, attributed to substantial foreign dividend payouts. Escalating tensions between the US and Iran have … Read more
The USD/CHF has experienced an uptick, driven by increasing demand for the safe-haven US Dollar in the context of escalating tensions related to the US-Iran conflict and the situation in the Strait of Hormuz. July’s surprise 23,000 US payroll drop and past revision signal a cooling labor market, dampening Fed rate expectations. With Swiss inflation … Read more
AUD/USD maintains its decline as the demand for the US Dollar as a safe haven increases, driven by escalating tensions between the US and Iran, along with risks in the Strait of Hormuz. A surprising decline of 23,000 Nonfarm Payrolls in July has dampened expectations for an imminent interest rate hike by the Federal Reserve. … Read more
USD/JPY weakens to near 157.40 in Tuesday’s early Asian session. The coordinated intervention between the US and Japan bolsters the Japanese Yen. The US July jobs report will attract significant attention on Friday. The USD/JPY pair experiences a slight decline, settling near 157.40 in the early hours of trading on Tuesday in Asia. The Japanese … Read more
Swiss Franc retains its losses as the June Real Retail Sales data reported at 1.5%, falling short of the anticipated 3.1%. The US Dollar strengthened as traders exercise caution in response to hawkish sentiment from the Federal Reserve. Trump announced a significant agreement involving the disarmament of Hamas and the withdrawal of Israeli forces from … Read more
EUR/USD is experiencing slight declines, hovering around 1.1410 in the early hours of Tuesday’s Asian session. The United States has initiated new military actions against Iran, while the Houthis have declared a maritime embargo. Market participants perceive a diminished likelihood of an interest rate increase during the Federal Reserve’s July meeting. The EUR/USD pair experiences … Read more
GBP/USD strengthens to approximately 1.3450 in the early European session on Tuesday. The UK Unemployment Rate remained stable at 4.9% in May. The US initiated new military actions against Iran, with Trump cautioning about potential retaliation in response to the fatalities of American soldiers. The GBP/USD pair maintains a favourable position close to 1.3450 in … Read more
