EUR/USD faces pressure near 1.0950 as the US PPI came in hotter-than-expected. The Fed is expected to cut interest rates by 25 bps in November. The Euro holds strength despite firm ECB dovish bets amid a faster-than-expected decline in Eurozone inflationary pressures. EUR/USD falls back to near the key support of 1.0930 in Friday’s New York session. The […]
Gold price gains positive traction for the second straight day amid bets for additional Fed rate cuts. A softer risk tone further benefits the safe-haven precious metal and contributes to the positive move. Fading hopes for a more aggressive easing by the Fed underpin the USD and cap the XAU/USD. Gold price (XAU/USD) retreats a […]
EUR/USD faces selling pressure as the US Dollar holds onto gains ahead of the US CPI data for September. Fed officials are highly concerned about reviving job growth. The Euro is under pressure as the ECB is expected to reduce interest rates further by 50 bps by the year-end. EUR/USD exhibits a weak performance in […]
AUD/USD trades with negative bias for the fifth straight day amid a modest USD strength. Disappointment over China’s stimulus update exerts additional pressure on the Aussie. Traders now look to FOMC minutes for short-term impetus ahead of US inflation figures. The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6760 area and […]
The Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Hopes for a possible Hezbollah-Israel ceasefire further undermine the safe-haven JPY. Intervention fears cap USD/JPY amid subdued USD demand, ahead of FOMC minutes. The Japanese Yen (JPY) attracted some intraday sellers on Tuesday and assisted the USD/JPY pair to stall its […]
Gold price remains on the defensive amid reduced bets for a 50 bps Fed rate cut in November. The USD consolidates last week’s strong gains and exerts some pressure on the XAU/USD. Geopolitical risks might continue to act as a tailwind and limit losses for the precious metal. Gold price (XAU/USD) trades with a negative […]
EUR/USD enters a bearish consolidation phase after last week’s downfall to mid-1.0900s. The USD preserves the post-NFP gains to a multi-week top and caps the upside for the pair. Bets for another ECB rate cut in October undermine the Euro and further act as a headwind. The EUR/USD pair kicks off the new week on […]
The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher […]
The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US […]
USD/JPY enters a bullish consolidation phase near its highest level since August 19. Bulls seem reluctant to place fresh bets ahead of the release of the US NFP report. BoJ rate hike uncertainty and reduced bets for a 50 bps Fed rate cut lend support. The USD/JPY pair is seen oscillating in a narrow range […]
Speaking to Chicago public radio station WBEZ, Chicago Federal Reserve Bank President Austan Goolsbee warned on Thursday that if the strike continues, supply-chain disruptions could exert upward pressure on prices and negatively impact the economy. Key Quotes Dockworkers’ strike was predicted, retailers have been stockpiling and have about two weeks of supplies. After that, we […]
Big interest rate moves are always a tricky business. Two weeks ago, the US central bankers may have hoped that by lowering the key interest rate corridor by 50 basis points, they would take the pressure off the table. But there is always the risk that a big interest rate move will only fuel expectations […]
