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
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
The EUR/USD pair experiences an upward movement, propelled by the hawkish stance of the European Central Bank, which has led to gains in the euro. Market participants are increasingly factoring in a potential deposit rate hike to 2.50% in September. ECB official Schnabel cautions that the conflict in the Middle East, coupled with economic resilience, … Read more
Decreasing Brent crude prices have alleviated inflation concerns in the UK, leading to a shift in expectations regarding Bank of England rate hikes, now anticipated for 2027. Markets are pricing in minimal tightening for September, which maintains economists’ confidence that the Bank of England will keep rates at 3.75%. Foreign exchange traders are anticipating Federal … Read more
GBP/USD has seen a decline as the US Dollar maintains its strength, following July’s PCE inflation rate, which accelerated to 0.2%, surpassing market expectations. Oil prices declined following an agreement between Iran and Oman regarding the Strait of Hormuz, alleviating short-term inflation concerns. Pound sentiment weakened following disappointing CBI business data and a shift in … Read more
USD/CHF remains steady following robust inflation data that bolsters expectations for an additional rate hike by the Federal Reserve. Diplomatic progress between Iran and Oman alleviates tensions in the Middle East and mitigates near-term inflationary pressures. Switzerland’s August ZEW expectations index surged to 12.1, indicating two successive months of economic recovery. USD/CHF remains steady after … 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
EUR/USD records slight increases around 1.1655 during the early hours of Thursday’s Asian session. Money markets are preparing for a more aggressive stance from the ECB. Fed Chairman Kevin Warsh’s speech at the Jackson Hole symposium will be the focal point on Friday. The EUR/USD pair advances to approximately 1.1655 in the early hours of … Read more
AUD strengthens following Australia’s July CPI, which registered a 3.5% year-over-year increase, surpassing the anticipated 3.2% despite a decline from June’s 3.8%. Australia’s July CPI experienced a month-on-month increase of 1.0%, surpassing expectations, while the annual Trimmed Mean CPI recorded a rise of 3.6%. Fading safe-haven demand and potential discussions regarding a maritime corridor between … Read more
GBP/USD drifts lower to around 1.3625 in Wednesday’s early European session. Traders brace for the release of US PCE data for July later on Wednesday. Expectations of a rate increase by the BoE this year could underpin the British Pound. The GBP/USD pair declines to near 1.3625 during the early European trading hours on Wednesday. … Read more
