The USD/CHF experiences a decline as disappointing US retail sales and a moderation in inflation diminish the likelihood of a rate hike in September to 35%. The CME FedWatch tool indicates that traders are currently assigning a probability of only 35% to the likelihood of a rate hike occurring in September. The Swiss National Bank … Read more
The EUR/USD pair experiences a decline to approximately 1.1575, interrupting its three-day upward trend during the early European session on Tuesday. The Euro edges lower against the US Dollar as traders remain cautious about the US-Iran conflict and the closure of the Strait of Hormuz. On Tuesday, a source indicated that the UK Maritime Trade … Read more
AUD/USD rises as diminishing expectations for a Federal Reserve rate hike maintain pressure on the US Dollar. Trump’s refusal to renew the Iran deal and naval blockades heighten global geopolitical tensions. Markets are poised for the release of this week’s Australian consumer confidence figures alongside the second-quarter wage price index data. AUD/USD continues to rise … Read more
GBP/USD drifts higher to near 1.3550 in Tuesday’s early Asian session. Traders anticipate a mere 35% probability of a rate increase during the Federal Reserve’s September meeting. The UK jobs data is set to take center stage later on Tuesday. The GBP/USD pair is experiencing an uptick, reaching approximately 1.3550 in the early hours of … Read more
The Reserve Bank of Australia’s aggressive policy approach strengthens the Australian dollar, which causes the AUD/USD ratio to rise. Analysts observe that the RBA upheld a hawkish stance, with Governor Bullock cautioning that the bank would take action if necessary. US Retail Sales declined by 0.6% in July, which has dampened market expectations regarding forthcoming … Read more
EUR/USD stood at 1.1537 on Friday, as markets continued to analyse the latest economic data. Soft US inflation figures have diminished expectations for a Federal Reserve rate hike in September. Data released on Thursday indicated that producer prices remained unchanged in July. Together with the benign CPI report, this indicates that inflationary pressures have not … Read more
GBP/USD is experiencing modest gains, hovering around 1.3500 during the early hours of Thursday’s Asian session. US CPI inflation exhibited modest levels in July, leading to a reduction in expectations for a rate hike by the Federal Reserve in September. Traders are poised for the release of the UK Q2 GDP and US PPI reports … Read more
The yen remains cautious beneath the 159.00 mark as market participants await the forthcoming US inflation data. US CPI data is anticipated to indicate a reduction in inflationary pressures, potentially dampening expectations for immediate Federal Reserve tightening. A hawkishly leaning BoJ Summary of Opinions has provided some support to the Yen. The Japanese Yen is … Read more
Markets exhibit a divergence of opinions regarding a potential Fed rate hike in September, particularly in anticipation of significant inflation data releases. Rising oil prices and shifting diplomatic signals over the Strait of Hormuz contribute to increased market volatility. Scotiabank observes that the recent fluctuations in the Pound are predominantly influenced by market sentiment, closely … Read more
AUD/USD experiences a decline as market participants exhibit a lack of consensus regarding a potential Federal Reserve rate increase in September, particularly in light of upcoming crucial inflation data releases. Despite the increase in oil prices, the probability of a Federal Reserve rate hike in September decreased from 52% to almost 48%. MUFG and Westpac … Read more
