USD/JPY has experienced a decline, trading at approximately 158.15 during the Asian session on Thursday. Comments from Ueda and Bessent reinforce the argument for a Bank of Japan rate increase this month. The labour market data for August in the United States is set to be the focal point later this week. The USD/JPY pair … Read more
GBP/USD has weakened to approximately 1.3550 during the early Asian session on Tuesday. Trump indicated that Washington would take action in response to Iranian attacks on US forces. The US ISM Manufacturing PMI report is scheduled for release on Tuesday, preceding the US jobs data. The GBP/USD pair is experiencing slight declines, hovering around 1.3550 … Read more
The USD/CHF experiences a decline as Jan Hatzius anticipates that the Federal Reserve will maintain its current interest rates unless forthcoming inflation data presents an unexpected increase. Jackson Hole remarks elevated September US rate hike expectations from 35% to 57.5%. Swiss rates remain stable, although markets are beginning to factor in possible increases commencing in … Read more
EUR/USD is showing resilience as it approaches 1.1590 during the early hours of the European session on Monday. Fed’s Warsh signalled that further tightening may be needed to curb price pressure. The first upside barrier is identified at 1.1677, while the initial support level is observed at 1.1570. The EUR/USD pair is currently positioned in … Read more
Strong inflation in the Eurozone, coupled with escalating petrol prices, bolsters expectations for additional interest rate increases by the ECB. Resurgent US Treasury yields may limit EUR/USD gains despite the Treasury’s bond buyback efforts. Fed’s Musalem observes that financial conditions are accommodative, yet cautions that the underlying inflation rate of 2.5%–3% is still excessively elevated. … Read more
The USD/CHF pair experiences an upward movement as geopolitical tensions and escalating oil prices enhance the demand for the US Dollar relative to the Swiss Franc. Hawkish FOMC Minutes bolster market anticipations for an additional Federal Reserve interest rate increase this year. The US Treasury expanded bond buybacks to cap surging yields, which could ultimately … Read more
Japan’s trade deficit for July amounted to JPY 634.5 billion, driven by import growth that surpassed record export figures. Elevated energy costs and broad interest rate differentials persist in exerting significant pressure on the Japanese Yen. Fed Meeting Minutes indicated that officials preferred to increase rates in the near term should inflation continue, following the … Read more
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
