FX

The Pound Sterling exhibits strength against the US Dollar on Fed rate-cut optimism. Investors remain divided over the Fed rate-cut size in September. UK wage growth declines further in three-months ending July. The Pound Sterling (GBP) holds onto gains above the psychological support of 1.3000 against the US Dollar (USD) in Wednesday’s New York session. The GBP/USD

AUD/JPY regains positive on Wednesday amid the emergence of some JPY selling. The RBA’s hawkish stance and the BoJ rate-hike uncertainty remain supportive.  Geopolitical risks and a softer risk tone might keep a lid on any meaningful gains. The AUD/JPY cross attracts some dip-buying during the Asian session on Wednesday and for now, seems to

Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. FORD (F) daily chart August 2023 One year ago, we called that Ford (F) needed more downside as price action stays

A combination of factors assists USD/CAD to bounce off a one-month low touched this Tuesday. Sliding Crude Oil prices undermine the Loonie and lend support amid a modest USD recovery. The upside remains capped as traders now look to Canadian inflation figures for a fresh impetus. The USD/CAD pair stages a modest recovery from the

Oil price on the brink of flipping a negative performance into a positive one for this Monday’s trading day. Prices retreated earlier as traders focused on Chinese demand fears and efforts to get a ceasefire deal in Gaza.   The US Dollar Index eases further after hedge funds go long on the Japanese Yen, which appreciates

USD/CAD drifts lower for the second straight day amid the prevalent USD selling bias. Dovish Fed expectations, along with a positive risk tone, continue to weigh on the buck. A modest downtick in Oil prices could undermine the Loonie and help limit deeper losses. The USD/CAD pair extends last week’s breakdown momentum through the 50-day

NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during

USD slid following the University of Michigan Sentiment figures and housing market data. Markets remain confident about a cut in September. Greenback might continue being sensitive on data releases. On Friday, the US Dollar (USD), as measured by the US Dollar Index (DXY), experienced a decline following the release of the University of Michigan’s Consumer

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

Large-scale CTA selling activity is hitting the tapes in crude oil markets, TDS Senior Commodity Strategist Daniel Ghali notes. CTAs to shed their entire position long in Brent crude “We expect CTAs to shed their entire position long in Brent crude this session and build a net short position, with additional scope to sell WTI

The Pound Sterling exhibits sheer strength against the US Dollar on multiple tailwinds. Healthy growth in UK Retail Sales could diminish bets of a second straight BoE interest-rate cut. The US Dollar struggles to hold onto Thursday’s recovery, which was driven by upbeat economic data. The Pound Sterling (GBP) outperforms its major peers in Friday’s New York session. The British currency gains significantly

The Japanese Yen advances due to rising odds of a further rate hike by the BoJ. Due to political uncertainty, the Yen may face challenges; Prime Minister Fumio Kishida will not seek re-election in September. The US Dollar faces pressure from declining US Treasury yields and increasing bets on a Fed rate cut. The Japanese

We expect notable CTA buying activity in Copper markets this session to set the stage for subsequent buying exhaustion, TDS senior commodity strategist Daniel Ghali notes. CTA buying activity in Copper to slow down “CTA trend followers will now be tapped out without a substantial rally propelling Copper prices back towards the $9,800/t mark. The

Gold price regains some positive traction following the overnight post-US CPI decline. Persistent geopolitical risks and Fed rate cut bets continue to offer support to the metal. A modest USD uptick and a positive risk tone could act as a headwind for the XAU/USD. Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of

Sterling is dropping this morning after the release of the UK July inflation report, which showed below-expectation prints across the board. Headline CPI re-accelerated less than expected to 2.2%, but the biggest news was the larger drop in services inflation from 5.7% to 5.2% (consensus was 5.5%, Bank of England forecast 5.6%). Core inflation also

Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is set to hold a press conference following the announcement of the monetary policy decision on Wednesday at 02:00 GMT. Orr will respond to questions from the press. At its August policy meeting, the RBNZ decided to cut the cash rate by 25 basis points (bps)

EUR/USD climbs above 1.0950 on soft US PPI report for July. Market speculation for a 50 basis points interest-rate cut in September has slightly improved. ECB Rehn supports more rate cuts to boost Eurozone economic growth. EUR/USD gains sharply above 1.0950 in Tuesday’s New York session. The major currency pair rises as the US Dollar (USD) dips after the United

Gold price pulls back from the vicinity of the monthly peak retested earlier this Tuesday. Bulls opt to lighten their bets amid a positive risk tone and ahead of the US inflation data. Geopolitical risks and bets for a 50-bps rate cut by the Fed should help limit the downside. Gold price (XAU/USD) rallied more