FX

AUD/USD stalls at upside resistance and reverses lower, falling back inside its range.  It is threatening a short-term trend reversal and MACD is about to cross below its signal line.  AUD/USD reverses and starts falling after what appears to be a false breakout above the top of the range.  AUD/USD Daily Chart  The Aussie pair

EUR/GBP ends its pullback and resumes its bearish tempo.  The RSI is converging bullishly with price, however, signifying a lack of bearish momentum accompanies the latest move. EUR/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target

Newly-minted Chairman of the Swiss National Bank (SNB) Martin Schlegel hit newswires on Tuesday, cautioning that further rate cuts haven’t been ruled out. The incoming Chairman of the SNB officially took the reins of Switzerland’s central bank on early Tuesday, and has inherited a central bank still caught in the wake of last year’s lopsided

The US Dollar Index advances as the Fed’s Powell said that the central bank will lower interest rates ‘over time.’ CME FedWatch Tool suggests a 61.8% probability to a 25 basis point rate cut by the Fed in November. US ISM Manufacturing PMI is expected to improve to 47.5 in September, from the previous 47.2

Mexican Peso strengthens to 19.60 against the Greenback, supported by anticipation ahead of Claudia Sheinbaum’s October 1 inauguration. Business Confidence for September, expected on October 2, could mark a fourth consecutive month of improvement. Despite Peso gains, the US Dollar Index rises by 0.20% as stronger US economic data bolsters the Greenback. The Mexican Peso

Gold price attracts some sellers for the second straight day, though the downside seems limited. The optimism over China’s stimulus measures drives some haven flows away from the XAU/USD. Geopolitical risks and dovish Fed expectations could help limit losses for the safe-haven commodity.  Gold price (XAU/USD) remains under some selling pressure for the second straight

USD/CAD seesaws between tepid gains/minor losses amid mixed fundamental cues. A modest USD uptick lends support amid bets for a larger interest rate cut by the BoC. Dovish Fed expectations and a positive risk tone cap gains for the USD and the major. The USD/CAD pair kicks off the new week on a subdued note

XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a

The EUR/GBP pair traded sideways on Friday, clearing daily gains and stabilizing at 0.8335. The RSI and MACD suggest that selling pressure is steady but continues flashing oversold conditions. The pair seems to be consolidating Monday’s sharp downward movements. The EUR/GBP has been in a steady decline over the past trading days and bears stepped

What just happened? August’s US Personal Consumption Expenditure Price Index (PCE), or PCEPI as the US Federal Reserve (Fed) refers to it, clocked in at an annualized rate of 2.2% YoY on September 27, the lowest print of the key inflation metric since March of 2021. This is an important step toward the Fed being

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $31.74 per troy ounce, down 0.87% from the $32.02 it cost on Thursday. Silver prices have increased by 33.37% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 31.74 1 Gram 1.02 The Gold/Silver ratio, which

Room for the Pound Sterling (GBP) to edge higher, but any advance is unlikely to break above 1.3455. In the longer run, GBP must break and hold above 1.3455 to resume strength, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. GBP must hold above 1.3455 to resume strength 24-HOUR VIEW: “Our

The Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break and remain above 0.6930 before an advance to 0.6980 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. AUD has to remain above

Mexican Peso declines as USD/MXN climbs over 1.80%, driven by expectations of further Banxico rate cuts. Cooling inflation in early September bolsters the case for a Banxico rate reduction at the September 26 meeting. Bloomberg survey: 20 of 25 analysts expect Banxico to cut 25 bps to 10.50%, with some predicting a 50 bps reduction.

The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter’s outlook remains vulnerble. BoE Governor Andrew Bailey sees a gradual decline in interest rates. Investors await the US PCE inflation data for August on Friday for fresh clues on the Fed’s interest rate prospects. The Pound Sterling (GBP) drops from the crucial

Mexican Peso strengthens after US Consumer Confidence deteriorated. Mexico’s inflation fell below estimates in September, with core inflation easing under 5%, boosting expectations for a 25 bps rate cut by Banxico on Thursday. Analysts expect Banxico to lower rates from 10.75% to 10.50%, citing falling inflation, weaker economic activity and Fed easing. The Mexican Peso

AUD/USD pulls back after touching a fresh YTD peak, albeit the downside remains limited. The divergent RBA-Fed policy expectations act as a tailwind amid the upbeat market mood. China announces a range of stimulus measures and also underpins the China-proxy Aussie. The AUD/USD pair struggles to capitalize on its modest intraday gains to the 0.6870

The Greenback remains off-kilter following the Fed’s recent pivot into a rate-cutting cycle. Last week, the US central bank delivered a jumbo 50 bps rate cut. The US Dollar remains under pressure, but markets have quickly pivoted to more impatient waiting for the next rate call. Here is what you need to know on Tuesday,