FX

GBP/USD shows upward bias on daily chart, yet short-term RSI presents mixed signals. Hourly chart reveals bearish trend with the pair below 50, 100, and 200-HMAs; sellers aim for 1.3108 and potentially 1.3100. Additional supports at August 22 low of 1.3076 and August 20 high of 1.3052. Buyers reclaiming 200-HMA at 1.3148 could push recovery

The Pound Sterling falls below 1.3150 against the US Dollar after sticky US core PCE inflation. A decline in market expectations for the Fed’s large interest rate cuts supported the US Dollar. The policy-easing spell from the BoE is expected to be slower than that of its major peers. The Pound Sterling (GBP) extends its two-day losing spree

Gold price drops in Friday’s early Asian session. The stronger US GDP growth drags Gold price lower, but rising Fed rate cut expectations might help limit its losses.  All eyes are on the US PCE inflation data, which is due later on Friday.  Gold price (XAU/USD) loses momentum amid the firmer US Dollar (USD) on

The US Dollar trades strong and reverses nearly all losses incured last week.  Markets see risk on while US Dollar rolls through markets. The US Dollar Index rallies into the 101-region and looks good to hold gains for this Thursday. The US Dollar (USD) trades substantially stronger and has reversed in a few pairs the

Most recent article: Gold price dips as traders brace for US GDP data Gold price rebounds above $2,500 in Thursday’s Asian session.  Rising Fed rate cut expectations and ongoing conflicts in the Middle East underpin the yellow metal.  A firmer US Dollar might limit Gold’s upside.  Gold price (XAU/USD) recovers some lost ground on Thursday after

USD/JPY rises to near 145.00 as the US Dollar recovers strongly. Upbeat US Consumer Confidence eases US hard landing fears. Investors await the Tokyo CPI and the US core PCE inflation for July. The USD/JPY pair climbs to near 145.00 in Wednesday’s North American session. The asset strengthens as the US Dollar (USD) delivers a

The Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that the financial and capital markets remain unstable and the Japanese central bank needs to monitor these developments with utmost vigilance. Key quotes The financial and capital markets remain unstable. The BoJ needs to monitor these developments with utmost vigilance. BoJ also intends to carefully examine

Silver price faces pressures in extending its upside above $30.00 as US bond yields surge. The Fed seems prepared to cut interest rates in September. Investors keenly await the US core PCE inflation data for July. Silver price (XAG/USD) struggles to extend its upside above the psychological resistance of $30.00 in Tuesday’s New York session.

Silver price consolidates around a psychological level of $30.00 with a positive bias. Rising Middle-East tensions may provide support for the safe-haven Silver. The non-yielding grey metal receives support from rising expectations of a Fed rate cut in September. Silver price (XAG/USD) hovers around $29.90 per troy ounce during the Asian session on Monday. The

USD/CHF steadies below 0.8500 as the Fed looks all set to cut interest rates in September. The US Dollar fails to recover strongly despite upbeat US Durable Goods Orders data for July. Swiss Q2 Employment Level rose to 5.499 million. The USD/CHF pair hovers below the psychological resistance of 0.8500 in Monday’s American session. The

GBP/USD trades in positive territory for the eighth consecutive day near 1.3215 in Monday’s early Asian session.  Fed’s Powell signalled for a September rate cut but did not mention about the size and pace of the rate cut.  BoE’s Bailey said it’s still too early to declare victory on inflation. The GBP/USD pair trades on

Mexican Peso rallies sharply with USD/MXN falling over 2%. Mexico’s economy shows mixed signals, with Q2 GDP growth at 2.1% YoY but a contraction in economic activity, as Banxico debates the appropriateness of recent rate cuts. Powell’s speech at Jackson Hole hints at upcoming rate cuts. The Mexican Peso rallied sharply against the Greenback on

Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar Index (DXY) falls 0.82% to 100.68, as Powell’s remarks push traders to bet on a 50 bps rate cut in September. US 10-year Treasury yields drop five basis points to

Through most of this year, EUR/USD has been contained by a 1.10 to 1.06 range, Rabobank’s Senior FX Strategist Jane Foley notes. EUR/USD set to trade at 1.12 on a 3-month scale “This month’s break higher and the advent of a new policy cycle for the Fed suggests that a new range is in the

The Dow Jones rallied to 41,200.00 after Fed officials agreed its time to cut rates. Equities have immediately moved on to guessing how many rate cuts in 2024. Rate markets see 100 bps in cuts by 2024 year-end. The Dow Jones Industrial Average (DJIA) lurched over 350 points higher on Friday after the Federal Reserve

The Pound Sterling (GBP) retains a firm tone as spot continues to ride the positive sentiment which developed around yesterday’s constructive PMI data, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Few signs of weakness in the GBP’s technical picture “Improving growth momentum, wages and slow progress on services CPI suggest that Bailey’s comments should support

New Zealand’s Retail Sales, a measure of the country’s consumer spending, fell 1.2% QoQ in the second quarter (Q2) from the previous reading of a 0.5% increase, according to the official data published by Statistics New Zealand on Friday. The figure came in worse than market expectations of 1.0% decline. Market reaction to New Zealand’s Retail

USD/CHF may continue its losing streak despite an improved US Dollar. The Swiss Franc may advance further due to safe-haven flows amid a lack of truce agreement between Israel and Hamas. The Greenback holds gains due to market caution ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium. USD/CHF remains tepid around 0.8520