EUR/USD trades flat near 1.0810 in Tuesday’s early Asian session. The rising bets that the Fed might not opt into aggressive easing might boost the USD. ECB’s Wunsch said there is no urgency for the ECB to speed up policy easing. The EUR/USD pair holds steady around 1.0810 on the consolidation of the US Dollar
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Gold advances as US Treasury yields fall alongside the US Dollar. Tensions due to the Middle East and US election boost Bullion’s demand. Strong US labor market data and better-than-expected PMI results underscore economic resilience despite mixed housing data. Analysts highlight rising US fiscal debt concerns as key factors supporting Gold’s rally. Gold prices climbed
AUD/USD edges higher to around 0.6715 in Monday’s early Asian session. Rising bets on smaller Fed rate cuts could cap the USD’s downside. Strong Australian job data lowers expectations of the RBA rate cut. The AUD/USD pair extends its recovery to near 0.6715 during the early Asian session on Monday. The modest decline of the
USD/CAD trades with mild gains around 1.3755 in Thursday’s early Asian session. The expectation of a slower pace of Fed rate cuts underpins the USD broadly. The BoC is expected to cut rates by 50 bps next week. The USD/CAD pair posts modest gains to near 1.3755 during the early Asian session on Thursday. The
Gold gains 1% on Friday, set to end the week with 0.20% gains. US PPI data was slightly above expectations, suggesting inflation is down but stalling above target, while UoM Consumer Sentiment highlights concerns over rising living costs. Despite higher US Treasury yields, with the 10-year note rising to 4.081%, Bullion prices remain supported as
USD/CAD holds steady near 1.3645 in Wednesday’s early Asian session. Fed officials emphasized another gradual rate cut may be appropriate. Lower crude oil prices might exert some selling pressure on the Loonie. The USD/CAD pair trades flat around 1.3645 amid the consolidation of the Greenback during the early Asian session on Wednesday. The US Federal
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
EUR/USD struggles to find fresh bids as price action holds near 1.1150. Key EU inflation print due early Tuesday, investors on the lookout for looming NFP. Fed speakers knock back early expectations of further jumbo cuts. EUR/USD cycled familiar territory to kick off the new trading, holding north of the 1.1100 handle but failing to
Federal Reserve (Fed) Governor Lisa Cook said on Thursday that she endorsed the 50 basis points (bps) interest rate cut last week as a way to address increased “downside risks” to employment, per Reuters. Key quotes “I wholeheartedly supported the decision.“ ”That decision reflected growing confidence that, with an appropriate recalibration of our policy stance,
Gold prices remained broadly unchanged in Malaysia on Sunday, according to data compiled by FXStreet. The price for Gold stood at 354.36 Malaysian Ringgits (MYR) per gram, broadly stable compared with the MYR 354.50 it cost on Friday. The price for Gold was broadly steady at MYR 4,133.22 per tola from MYR 4,134.78 per tola
GBP/USD has a fresh 30-month high in the bag after Fed rate cut. BoE rate call is in the barrel for Thursday, but no moves are expected. UK Retail Sales set to wrap up the week on Friday. GBP/USD hit a fresh 30-month high on Wednesday, pushed within inches of the 1.3300 handle after the
The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions. The RSI is oversold and has a declining slope, indicating that selling pressure is increasing. The MACD is also negative and the histogram is rising. Friday’s session saw the NZD/JPY pair decline by more than 1% to 86.60 marking another
Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 351.38 Malaysian Ringgits (MYR) per gram, up compared with the MYR 349.93 it cost on Monday. The price for Gold increased to MYR 4,098.37 per tola from MYR 4,081.51 per tola a day earlier. Unit measure
US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six
Gold prices fall during a quiet North American session with US markets closed for Labor Day. Upcoming US economic reports — ISM PMIs, JOLTS job openings, ADP Employment Change, and Nonfarm Payrolls — set to influence Fed rate decision. Fed Chair Powell at Jackson Hole noted that inflation was easing but increasing employment risks, raising
Gold prices climb despite upbeat US Q2 GDP revision and drop in unemployment claims. Despite rising US Treasury yields (10-year at 3.86%) and DXY up 0.33% to 101.38, Gold’s upward trend continues. Focus shifts to upcoming core PCE data, expected to slightly increase, potentially impacting Fed decisions. CME FedWatch Tool shows 65.5% likelihood of a
S&P 500 recovered from weak Thursday close, and there were subtle clues (shared with clients) as to why interest rate sensitive plays (beyond Russell 2000) would do better than largecaps Friday – the whole week slated to be a strong one. Little wonder – rates were not protesting, and confidence in soft landing growing. All
AUD/USD experienced a slight drop, adjusting to 0.67466 on Wednesday. The persistent hawkish views of the RBA keep backing the Aussie versus its peers. Dovish bets on the Fed weaken the USD. On Wednesday, the AUD/USD is seeing a slight decline as traders digest the nearly 2% rally from the last sessions. The discourse on
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