The USD/CHF has experienced depreciation as the easing of October Fed rate-hike expectations exerts downward pressure on the US Dollar. High US Treasury yields and ongoing inflation worries stemming from increased energy prices constrain additional appreciation of the Swiss Franc. Analysts assert that the Swiss National Bank will prioritise inflation concerns over the prospect of … Read more
AUD/USD maintains its losses as the US Dollar strengthens amid ongoing concerns regarding energy-driven inflation in the United States. Traders are anticipating the release of the US September jobs data, with expectations for Nonfarm Payrolls to decelerate to an increase of 90,000 positions. CBA anticipates that the RBA’s rate hikes have reached a temporary halt; … Read more
GBP/USD softens to near 1.3250 in Thursday’s early European session. The negative outlook for the pair persists beneath the 100-day SMA, accompanied by bearish RSI momentum. The initial support level is identified at 1.3202; the immediate resistance level to monitor is 1.3311. The GBP/USD pair is currently positioned in negative territory, hovering around 1.3250 during … Read more
EUR/USD has declined to approximately 1.1325 on Thursday. US PCE inflation increased at a rate below expectations in August, leading to a decrease in the anticipation of a Federal Reserve rate hike this month. ECB’s Lagarde emphasised that the central bank ought to implement a “measured response” in light of the absence of evidence indicating … Read more
USD/CAD advances as the Canadian Dollar weakens amid expectations of a widening US-Canada interest-rate gap. The policy rate differential between the US and Canada is anticipated to expand in light of the Bank of Canada’s decision in September to maintain rates at 2.25%. The US Dollar may continue to strengthen as market expectations for a … Read more
GBP/USD advances on US Dollar weakness despite increasing market expectations for an October Federal Reserve rate hike. Geopolitical uncertainty persists in the aftermath of President Trump’s dismissal of Iran’s recent proposal concerning the Strait of Hormuz. The British Pound is experiencing an uptick as Bank of England policymakers indicate the possibility of rate hikes in … Read more
The Canadian Dollar experiences a decline as oil prices fall, influenced by reports regarding US-Iran discussions aimed at reopening the Strait of Hormuz. Geopolitical tensions endure as Iran calls for the cessation of port blockades, while the United States upholds its resolute position. The US Dollar has appreciated in value as the CME FedWatch data … Read more
The EUR/USD pair has softened to approximately 1.1375 during the early Asian session on Friday. Market participants are assigning approximately a 67.5% probability to the Federal Reserve implementing another rate hike during its upcoming meeting in October. Iran’s President stated that the US ‘must choose’ whether to bring an end to the conflict. The EUR/USD … Read more
GBP/USD is experiencing slight declines, hovering near 1.3240 during the early European session on Thursday. Stronger US PMI has intensified expectations for a Federal Reserve rate increase. Financial markets are presently assigning a probability of 67% to the likelihood of a rate hike by the Bank of England in November. The GBP/USD pair records slight … Read more
USD/JPY has declined to approximately 157.85 on Thursday. Japan’s 10-year JGB yield increased by 8 basis points to 3.055%, marking its highest level since August 1996. Fed’s Barr indicated that additional policy adjustments are probable to effectively manage inflation. The USD/JPY pair draws the attention of sellers, hovering around 157.85 during the Asian trading hours … Read more
