FX

Mexican Peso softens after Fed’s 50 bps rate cut. Fed projects federal funds rate at 4.4% for 2024, balancing price stability and employment goals. Investors await Banxico’s upcoming decision with a 0.25% rate cut expected on September 26. The Mexican Peso softens slightly against the US Dollar during the North American session on Thursday after

The Bank of England is set to hold its interest rate at 5.0% on Thursday. United Kingdom’s annual inflation was stable at 2.2% in August. BoE policy announcements are likely to rock the Pound Sterling. After a close call in August, the Bank of England’s (BoE) September interest rate decision is keenly awaited for fresh

EUR/USD climbed on reaction to first Fed rate cut since March of 2020. Fed delivers a surprise 50 bps rate cut out of the gate. Fed dot plot eases lower in September, unemployment forecast ticks slightly higher. EUR/USD soared into a fresh high for September after the Federal Reserve (Fed) surprised markets with a full 50 bps

NIFTY 50 (INDIA) Elliott Wave Analysis – Daily Chart. NIFTY 50 (INDIA) Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Orange Wave 1. Position: Navy Blue Wave 3. Direction next lower degrees: Orange Wave 2. Details: Navy Blue Wave 2 appears complete, with Orange Wave 1 of Navy Blue Wave 3 now in play. Wave cancel invalidation

The Dow Jones clipped into yet another record bid on Tuesday. Investors are tilting into the risk-on side ahead of expected Fed rate cut. Markets are split on the depth of anticipated first Fed rate cut in over four years. The Dow Jones Industrial Average (DJIA) rose into a fresh record high for the second

The Japanese Yen moves sideways from the ongoing hawkish sentiment surrounding the Bank of Japan interest rates outlook. Japan’s Shunichi Suzuki stated that the government will continue to evaluate the stronger JPY and respond as necessary. CME FedWatch Tool suggests odds of a 50 basis points Fed interest rate cut have surged to 62.0%. The

The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into another record intraday bid to kick off the new trading week. The largest equities on the

FX option expiries for September 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1000 1.2b 1.1005 450m 1.1025 1.0b 1.1035 756m 1.1050 518m 1.1080 536m 1.1100 440m 1.1115 674m 1.1125 835m 1.1145 2.4b 1.1150 1.3b 1.1175 546m USD/JPY: USD amounts                      140.00 442m 141.50 569m GBP/USD: GBP amounts 1.3000 1.6b 1.3145 828m 1.3175 454m 1.3200 1.5b 1.3300 974m USD/CAD:

The Dow Jones is grinding its way back into record bids on Friday. US markets are leaning firmly into bets of a 50 bps cut from the Fed. Mixed US sentiment figures keep investor sentiment on the high side. The Dow Jones Industrial Average rallied for a third straight day on Friday, climbing around 350

EUR/USD may have reached too far, too fast in midweek recovery. ECB rate cut bump proved fleeting as markets pivot to focus on Fed. Investors are jostling for position as rate market weigh odds of a 50 bps Fed cut. EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on 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

The negative outlook remains, RSI and MACD suggest bearish momentum. The multiple rejections by the 20-day SMA suggest that the buyer’s traction is too weak. A break from above mentioned average would improve the outlook. In Friday’s session, the EUR/GBP pair fell slightly by 0.15% to 0.8435, showcasing a negative technical outlook. Bears continue to

For very good reason the market is preoccupied by the potential policy decisions of the Federal Reserve, Rabobank’s Senior FX Strategist Jane Foley notes. Risk of EUR/USD dips back to 1.10 “In July, market expectations regarding a possible September rate cut from the Fed began to firm up.  Consequently, since the start of that month

Gold price scales higher for the second straight day and climbs to a fresh all-time high.  Rising bets for a larger Fed rate cut weigh on the USD and boost the precious metal. Geopolitical tensions contribute to driving flows towards the safe-haven XAU/USD. Gold price (XAU/USD) sticks to its modest intraday gains heading into the

Weak labor data led to a decline in the US Dollar during Thursday session. Initial Jobless Claims remained at 230K, indicating a persistent labor market. PPI fell short of expectations, signaling a potential easing of inflation, which also added to the USD’s downside. The US Dollar Index, which measures the value of the USD against

FX option expiries for Sept 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0905 1b 1.0945 2.1b 1.0950 1b 1.0990 891m 1.1000 4.4b 1.1025 1.6b 1.1040 936m 1.1045 1.1b 1.1050 3.3b 1.1100 1.1b 1.1110 1.1b 1.1200 2.4b GBP/USD: GBP amounts      1.3050 416m USD/JPY: USD amounts                      140.00 981m 141.40 984m

GBP/USD edges lower after US inflation data suggests Fed to take a measured approach to easing GBP/USD is trading marginally lower in the 1.3060s on Wednesday after the release of US inflation data leads to an appreciation in the US Dollar (USD) amid prospects of a more measured approach to easing from the Federal Reserve

UK GDP comes in at 0% MoM in July vs. 0.2% forecast. GBP/USD battles 1.3100 after the UK data. The UK economy showed no growth over the month in July after stalling in June, the latest data published by the Office for National Statistics (ONS) showed on Wednesday. The market forecast was for a 0.2%