FX

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

AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. The AUD/USD pair experienced an increase of 0.40% during Friday’s session, settling near 0.6950. Mixed sentiment data from the United States combined with the words of Reserve Bank of Australia’s

NZD/USD rises further, bullish momentum accelerates. RSI remains in positive territory, MACD shows rising bullish momentum. The 0.6100 zone  (200-day SMA) resistance is in focus, break above could extend gains. In Tuesday’s session, the NZD/USD pair rose by 0.92% to 0.6090, continuing the bullish trend seen in recent sessions. The technical indicators suggest that the

In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162. By contrast EUR/USD has been stuck between 1.06 and 1.10, Rabobank’s FX analyst Jane Foley notes. Potential risks for a break higher coming from a softer USD “The lack of strong direction in EUR/USD is despite a

Gold dips to $2,364, a six-day low, then recovers above $2,400. Market turmoil stems from weak US data, anticipates 50 bps Fed cut in September. US Dollar Index falls 0.50% to 102.70; 10-year Treasury yield to 3.783%. Rising Middle East tensions buoy Gold; US base in Iraq hit by missiles. Gold price dropped over 1%

Mexican Peso depreciates over 1% after printing solid gains. Mexico’s economic data shows unchanged business confidence and contraction in manufacturing activity. Fed hints at possible rate cut in September, driving traders to the safety of the USD. The Mexican Peso erases earlier gains and tanks against the US Dollar, extending its weekly losses after the

Gold price bounces from daily lows of $2,356, now at $2,385. Fed’s preferred inflation gauge shows mixed results, edging closer to the 2% target. US Treasury yields slump as bonds rally, signaling potential for multiple Fed rate cuts this year. Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some

The Dow Jones shed over 500 points in the midweek market session. Investors balked after US PMIs came in firmly mixed and key earnings missed. US Manufacturing set to slow further, but Services PMIs expanded. The Dow Jones Industrial Average (DJIA) fell over 500 points on Wednesday after US Purchasing Managers Index (PMI) figures came

NZD/USD trudges below the 0.6070 level, marking its worst week since January. The pair closed at 0.6010, indicating a weekly loss of approximately 1.80%. NZD/USD remains under the key SMA of 20, 100, and 200 days, pointing to a sustained bearish bias. In Friday’s session, the NZD/USD sustained its downward momentum, dropping by 0.65% to

Mexican Peso strengthens by 0.35% as traders fully price in the Fed rate cut for September. Banxico’s dovish comments and Fed Chair Powell’s balanced mandate remarks influence market sentiment. US Dollar Index (DXY) rises slightly to 104.18; US Retail Sales data meet expectations. The Mexican Peso recovered and registered gains of more than 0.35% against

US Dollar continues losing ground in light of weak CPI figures and UoM data. Markets still foresee a September rate cut. Despite hot PPI data, US Treasury yields are falling, diminishing allure of USD. The US Dollar Index (DXY) remains weak on Friday, sitting at April lows. This is largely a response to the soft

Dow Jones found early highs before settling back into the low end. New trading week kicks things off with a breather after Friday’s NFP. US consumer and wholesale inflation figures are due this week. The Dow Jones Industrial Average (DJIA) whipped on Monday, briefly testing fresh highs and breaking out of Friday’s tight churn before

Gold prices edge up 0.15% amid thin trading on US Independence Day. XAU/USD reached a two-week high of $2,365 Wednesday, driven by weak US jobs data and heightened Fed rate cut expectations. Traders shift focus to Friday’s Nonfarm Payrolls report, following the US holiday closure. Gold prices registers minimal gains on Thursday amid thin liquidity

S&P 500 ran well into the data release, surged only to reverse in a four-hours selling streak. Some sectoral culprit? No, long-dated bonds did it – TLT daily slide did it. Was it fundamentally justified? Usually, you would see USD go up in tandem, but that didn‘t happen. The selling looks to me to be