EUR/USD records slight increases around 1.1625 during the early hours of the Asian session on Tuesday. The ECB is anticipated to increase interest rates once more on Thursday. The US and Iran engaged in hostilities against each other’s vessels, heightening concerns regarding the potential for an expanded conflict. The EUR/USD pair is experiencing modest gains, … Read more
USD/CAD may experience depreciation as increasing crude prices could bolster the Canadian Dollar. Middle East tensions and restrictions on transit through the Strait of Hormuz are driving WTI crude prices back toward the $90 per barrel mark. Goldman Sachs observed that a benign CPI reading might inhibit the Federal Reserve from increasing interest rates. USD/CAD … Read more
The EUR/USD currency pair remains stable around the 1.1625 mark during the early hours of the Asian session on Friday. Waller from the Federal Reserve indicated his intention to endorse maintaining the current interest rates during the upcoming September meeting. The ECB is anticipated to implement a second rate increase in September, according to the … Read more
The USD/CHF pair experiences an uptick as the US Dollar faces challenges following Fed Governor Waller’s indication of a possible pause in interest rate adjustments. The likelihood of a September Fed rate hike has decreased to 50.2% in light of the recent comments. Brown Brothers Harriman observes that the Swiss CPI has increased to 0.8% … Read more
EUR/USD is currently trading in a stable manner at approximately 1.1590 during the early hours of Thursday’s Asian session. Traders have increased their wagers on a September rate hike following the remarks made by Fed Warsh. ECB’s Makhlouf stated that the central bank must be ready to increase interest rates further. The EUR/USD pair remains … Read more
EUR/USD records slight increases around 1.1620 during the early hours of Tuesday’s Asian session. Germany’s CPI inflation increased to 2.9% year-on-year in August. Traders are increasing their wagers on a potential rate hike following remarks from the Fed’s Warsh regarding the need to address inflationary pressures. The EUR/USD pair is experiencing slight increases, hovering around … Read more
After China’s mixed NBS Purchasing Managers’ Index results, AUD/USD is still stable. China’s August Manufacturing PMI increased to 49.8, exceeding expectations, whereas the Non-Manufacturing PMI remained unchanged at 49.0. Australia’s TD-MI Inflation Gauge increased to 4.8% year-over-year in August, even as it experienced a monthly decrease to 0.5%. AUD/USD edges higher following a bearish gap … Read more
AUD appreciates as robust July inflation figures strengthen expectations for a rate increase by the Reserve Bank of Australia. Markets currently anticipate a rate increase in November, as leading banks project an earlier tightening of monetary policy. Traders are poised for Federal Reserve Chair Kevin Warsh’s upcoming speech at Jackson Hole, seeking directional insights regarding … Read more
AUD/USD remains resilient amid increasing expectations for rate hikes from the RBA, even in the face of disappointing capital expenditure figures. Hotter July inflation has led major banks to predict an imminent increase in the RBA cash rate to 4.6%. A firm US Dollar, supported by robust PCE inflation data, limits the upside potential for … Read more
AUD/USD appreciates, approaching 0.7175 in the early hours of Monday’s Asian session. Treasury buyback concerns exert pressure on the US Dollar. An Iranian official characterised the prospect of renewed US economic sanctions as ‘desperate.’ The AUD/USD pair is experiencing slight upward movement, trading at approximately 0.7175 in the early hours of the Asian session on … Read more
