During Wednesday’s Asian session, AUD/USD declines to about 0.7120. The Federal Reserve is anticipated to increase its interest rate on Wednesday, marking the first adjustment in three years. Markets are currently assigning a 78% probability to a rate hike by the RBA at the upcoming late September meeting. The AUD/USD pair experiences a decline, reaching … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening in anticipation of the Federal Reserve’s forthcoming rate decision. Robust inflation data from the United States has resulted in a 92.4% market expectation for an increase in the Federal Reserve’s interest rates. OECD has revised its projections for Swiss growth upward … Read more
GBP/USD has weakened to approximately 1.3470 during the early Asian session on Wednesday. The Federal Reserve is poised to increase interest rates later on Wednesday. Economists forecast an increase in inflation to 3.1% in August, driven by elevated motor fuel prices. The GBP/USD pair experiences a decline, approaching 1.3470 in the early hours of trading … Read more
USD/JPY remains stable, hovering around 155.25 during the early hours of Wednesday’s Asian session. The Federal Reserve is anticipated to increase the benchmark overnight interest rate by 25 basis points, bringing it to a range of 3.75% to 4.00%. Markets expect the BoJ to increase rates by 25 basis points at the forthcoming meeting on … Read more
USD/CAD is currently testing the immediate resistance level represented by the 50-day EMA at 1.3914. The 14-day Relative Strength Index is positioned around 54, indicating potential for a bullish breakout. The primary support is positioned at the nine-day EMA of 1.3861. During Asian hours on Tuesday, the USD/CAD pair traded at 1.3910, continuing its winning … Read more
USD/JPY advances to approximately 154.55 during the early hours of Tuesday’s Asian session. Traders prepare for the Federal Reserve’s initial interest rate increase in over two years. The Bank of Japan is poised to increase its policy rate during the upcoming policy meeting scheduled for Friday in September. The USD/JPY pair advances to approximately 154.55 … Read more
EUR/USD appreciates to approximately 1.1630 during the early Asian session on Wednesday. The ECB is poised to increase its benchmark interest rates by 25 basis points during its upcoming policy meeting on Thursday. The key US inflation reports will attract significant attention later this week. The EUR/USD pair is experiencing upward momentum, approaching 1.1630 in … Read more
USD/JPY draws the attention of sellers around the 153.55 mark during the early hours of Wednesday’s Asian session. The Bank of Japan is expected to increase its key interest rate by 25 basis points in September. Market participants are closely monitoring the upcoming US inflation data for insights regarding the trajectory of interest rates in … Read more
USD/CAD faces challenges as the US Dollar weakens, even amid increasing anticipations of a Fed rate hike in September. The Canadian Dollar exhibits strength as WTI approaches three-month highs and continues to appreciate. The escalation of conflict in the Middle East and the potential for controls over the Strait of Hormuz are contributing to heightened … Read more
The USD/CHF appreciates following the release of robust US employment figures, which have heightened anticipations for a potential interest rate increase by the Federal Reserve in September. Nonfarm payrolls increased by 162,000, with the unemployment rate remaining unchanged at 4.1%, and wage growth experiencing a moderate slowdown. Rising inflation in Switzerland, coupled with robust economic … Read more
