USD/CHF rises as the US Dollar recovers losses following an oil rally spurred by geopolitical tensions. Increasing energy prices and Treasury yields have heightened concerns regarding potential early rate hikes by the Federal Reserve, even in the context of a softening labour market. Swiss inflation unexpectedly declined to a four-month low of 0.4% in July, … Read more
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
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
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
EUR/USD depreciates as rising geopolitical tensions in the Strait of Hormuz disrupt global markets. Market caution rises as Iran considers banning US and Israeli ships and penalizing hostile cargo until blockades lift. Rebounding oil prices threaten expectations that falling energy costs would ease pressure on the ECB to cut rates. EUR/USD extends its losses for … Read more
USD/CHF stalls at 0.8100 amid hopes of a new round of peace talks in Iran. Investors continue to exercise caution regarding substantial investments in the US Dollar in anticipation of significant upcoming US labour data releases. The technical picture indicates a potential Head and Shoulders formation in progress. The US Dollar exhibits slight declines against … Read more
EUR/USD starts the week at approximately 1.1540. In the wake of a tumultuous week, market focus has transitioned from the Federal Reserve meeting to the latest US economic indicators. Investors will evaluate whether the forthcoming data strengthens the argument for a September rate increase or, on the other hand, indicates a slowdown in the US … Read more
GBP/USD declines as a hawkish Federal Reserve pause and internal FOMC divisions strengthen the US Dollar. The Greenback may face challenges as easing risk aversion is influenced by recent diplomatic developments between the US and Iran. TD Securities observed a nuanced surprise from the Bank of England, as a 6-3 vote, featuring a hawkish dissent, … Read more
EUR/USD experiences slight declines, hovering around 1.1465 during the early hours of Thursday’s Asian session. While the Fed maintained its interest rates at the July meeting, Warsh asserted that the central bank would intervene on inflation if necessary. The preliminary readings of the Eurozone and German GDP for Q2 are anticipated later on Thursday. The … Read more
USD/JPY edges higher to around 163.50 in Thursday’s Asian session. The Federal Reserve voted 9–3 to maintain its benchmark interest rate within the target range of 3.50% to 3.75% during its July meeting. The Bank of Japan is poised to maintain its current interest rate levels this Friday. The USD/JPY pair records slight increases around … Read more
