The USD/CHF pair experiences a decline as the US Dollar weakens in response to unanticipated fiscal policy actions aimed at limiting the increase in Treasury bond yields. US Treasury Secretary Scott Bessent indicated buybacks exceeding $4 billion to demonstrate the disparity between elevated yields and genuine economic fundamentals. The SNB policy rate is maintained at … 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
EUR/USD edges higher to approximately 1.1585 in the early European session on Wednesday. The pair maintains a positive perspective above the 100-day SMA, supported by bullish RSI momentum. The first upside barrier emerges at 1.1614; the initial support level to watch is 1.1570. The EUR/USD pair is positioned in positive territory close to 1.1585 during … 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
Australia’s Wage Price Index increased by 3.2% year-on-year in Q2 2026, aligning with expectations even as it reached a multi-quarter low. RBA Deputy Governor Andrew Hauser cautioned that inflation continues to be elevated, necessitating a more stringent monetary policy to temper economic demand. Weak US retail sales and a cooling inflation environment have led to … Read more
USD/JPY declines to near 159.45 in Wednesday’s Asian session. Expectations surrounding a potential interest rate hike by the BoJ as early as September bolster the Japanese Yen. Traders are reducing their expectations for an interest rate increase by the Federal Reserve. The USD/JPY pair experiences a slight decline, settling at approximately 159.45 during the Asian … Read more
USD/CAD remains subdued as robust crude oil prices bolster the Canadian Dollar. Geopolitical uncertainty drives demand for the safe-haven US Dollar, thereby limiting the losses of the USD/CAD pair. Fading expectations regarding Federal Reserve rate hikes may lead to a depreciation of the Greenback. USD/CAD continues to decline for the fourth consecutive day, hovering near … Read more
GBP/USD drifts higher to near 1.3550 in Tuesday’s early Asian session. Traders anticipate a mere 35% probability of a rate increase during the Federal Reserve’s September meeting. The UK jobs data is set to take center stage later on Tuesday. The GBP/USD pair is experiencing an uptick, reaching approximately 1.3550 in the early hours of … Read more
EUR/USD stood at 1.1537 on Friday, as markets continued to analyse the latest economic data. Soft US inflation figures have diminished expectations for a Federal Reserve rate hike in September. Data released on Thursday indicated that producer prices remained unchanged in July. Together with the benign CPI report, this indicates that inflationary pressures have not … Read more
USD/CAD experiences a decline as the US Dollar weakens in response to subdued US inflation figures, with attention now turning to the Retail Sales data scheduled for release on Friday. US wholesale prices remained unchanged in July, falling short of the anticipated 0.2% increase following a revised decline in June. The commodity-linked Canadian Dollar may … Read more
