EUR/USD faces pressure near 1.0600 as ECB policymakers seem more worried about the economic outlook than about controlling inflation. ECB’s Panetta emphasized an expansionary monetary policy stance to prevent inflation from remaining well below the bank’s target. Deutsche Bank sees the Fed cutting interest rates in December but expects it to be a close call. […]
The Dow Jones is set to close north of 44,000 for the first time ever as bulls continue to run. Equity markets have tilted fully into the buy side after Trump’s decisive election win. US CPI inflation print due in the mid-0week as markets eye more Fed rate cuts. The Dow Jones Industrial Average (DJIA) […]
EUR/USD weakens as investors await a slew of Fed speakers for fresh interest rate guidance. The Euro declines as Trump’s policies are expected to weigh on the Eurozone’s exports. This week, investors will focus on the US inflation data for October. EUR/USD posts a fresh six-month low near 1.0650 in Monday’s North American session. The major currency pair weakens as the election […]
The Pound Sterling faces mild selling pressure on Friday even though the BoE favored a more gradual rate-cut path. Both the Fed and the BoE cut interest rates by 25 bps on Thursday. The Fed is expected to cut its key borrowing rates by 25 bps again in December. The Pound Sterling (GBP) trades lower against the US Dollar […]
The Pound Sterling gains sharply as traders pare BoE dovish bets. The BoE is expected to cut interest rates only once in the remaining two meetings this year. US NFP and the ISM Manufacturing PMI remained weak in October. The Pound Sterling (GBP) jumps to near 1.2950 against the US Dollar (USD) in Friday’s New York session after posting a […]
Gold price consolidates near record high amid elevated US bond yields and renewed USD buying. US political jitters and Middle East tensions might continue to act as a tailwind for the XAU/USD. Traders keenly await the release of the US PCE Price Index before placing fresh directional bets. Gold price (XAU/USD) trades with a mild […]
Dow Jones dips from 42,500 as US Treasury yields rise. US job openings drop to lowest since January 2021, supporting rate cut bets. Consumer Confidence jumps to 108.7, the highest since March 2021. Boeing leads Dow gains, up 2.93% after share sale, while Chevron, Coca-Cola, and Home Depot lag behind, posting notable losses. The Dow […]
The US dollar treaded water in the upper end of the range despite US yields extending their rebound to new multi-week highs, all ahead of key US data releases and growing speculation prior to the November 5 US election. Here is what you need to know on Tuesday, October 29: The US Dollar Index (DXY) […]
The Pound Sterling consolidates after recovering slightly on Thursday as BoE’s Mann said services inflation needs to decline further for more rate cuts. The UK flash PMI report shows that business activity continued to expand in October but at a slower pace. Traders seem to be increasingly betting that Donald Trump will win the US […]
The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans. The recent intervention warnings and the risk-off mood do little to lend support to the JPY. An extension of the recent USD rally pushes the USD/JPY pair to a nearly three-month high. The Japanese Yen (JPY) remains on the back foot against […]
The Pound Sterling declines to a fresh two-month low against the US Dollar ahead of BoE Bailey’s speech. Bailey may reiterate a dovish stance on the interest-rate outlook, signaling that more interest-rate cuts are on the way. The US Dollar outlook remains upbeat as uncertainty increases ahead of the US presidential election. The Pound Sterling (GBP) […]
NZD/USD rebound from over a two-month low amid a modest USD downtick. A combination of factors should limit the USD slide and cap gains for the pair. The setup supports prospects for the emergence of fresh selling at higher levels. The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level […]
