FX

EUR/USD jumps to near 1.0900 as the US Dollar plunges after a weak US NFP report for July. US labor demand appears to have slowed significantly, with slower wage growth. The Euro fails to capitalize on increased doubts over market expectations for two more ECB rate cuts this year. EUR/USD climbs to near the round-level resistance of 1.0900 in

GBP/USD rallies from daily low of 1.2707 to trade above the 1.2800 mark. Key resistance levels reclaimed: 50-DMA at 1.2787 and 1.2800 mark; next targets are 1.2860, 1.2900, and 1.2950. If GBP/USD falls below 1.2800, it may range between 1.2800 and 1.2700, with further support at 100-DMA (1.2683). The Pound Sterling rallied sharply against the

US Nonfarm Payrolls are seen rising by 175K in July after June’s 206K increase. The Bureau of Labor Statistics will publish the high-impact United States jobs report on Friday at 12:30 GMT. The employment data could exacerbate the US Dollar’s pain after the Fed’s dovish hold on Wednesday. Attention now turns to the high-impact Nonfarm

EUR/USD slipped back below 1.0800 as bearish pullback gains strength. Mixed US data reignited fears over a possible recession in the US. US NFP jobs report in the pipe for Friday, market attention fixed squarely on hiring numbers. EUR/USD lost a foothold above key technical levels on Thursday, slumping below the 1.0800 handle after a

Bank of England (BoE) Governor Andrew Bailey explains the decision to lower the policy rate by 25 basis points to 5% in August and responds to questions from the press. [embedded content] BoE press conference key quotes “Services price inflation may rise slightly in August before easing in the rest of the year.” “Services inflation

EUR/USD spun in place on Wednesday after Fed met expectations. The Fed continues to wait for signs of easing inflation, but looking hopeful. Friday’s US NFP to have extra weight after Fed flags labor data as key to rate cuts. EUR/USD churned near key technical levels on Wednesday after the Federal Reserve (Fed) held rates

The Bank of Japan raised interest rates to 0.25% today, in line with our call but against consensus and market pricing. The BoJ also announced bond purchases will be nearly halved to around JPY 3tn by 1Q26, ING’s FX analyst Francesco Pesole notes. JPY isn’t rallying for some reason “The statement also stressed the inflationary

EUR/USD holds steady around 1.0815 in Wednesday’s early Asian session.  Germany unexpectedly shank by 0.1% in the second quarter. The Fed is likely to hold rates steady at its July meeting on Wednesday.  The EUR/USD pair consolidates its losses around 1.0815 during the early Asian session on Wednesday. The major pair edges lower amid risk-aversion

Gold appreciates with risk appetite returning as geopolitical fears ease..  Hopes that the Fed might hint towards monetary easing on Wednesday keep US Treasury yields near mid-term lows.  XAU/USD needs to break the $2,400 resistance to cancel the broader bearish structure. Gold price (XAU/USD) found buyers after a moderate pullback on Monday. The precious metal

EUR/USD lost grip of the 1.0850 level, poised for further downside. EU GDP data due on Tuesday as Fed rate call looms ahead. US NFP jobs data dump slated for Friday as markets bet on September rate cut. EUR/USD lost control of a near-term bullish recovery, testing into fresh two-week lows near the 1.0800 handle

The US Dollar (USD) is expected to trade in a range between 153.20 and 154.70. Weakness in USD appears to be stabilising; a breach of 155.00 would indicate that USD is not declining further, UOB Group FX analysts Quek Ser Leang and Peter Chia note. Closest resistance is at 154.70 24-HOUR VIEW: “After USD plummeted

AUD/USD holds positive ground near 0.6555 in Monday’s early Asian session.  The US PCE inflation increases 2.5% YoY in June, underscoring an improving inflation environment.  The RBA’s hawkish stance might support the Aussie.  The AUD/USD pair trades on a stronger note around 0.6555 during the early Asian session on Monday. The rising bets that the

NZD/USD slightly rebounds, hovering near the 0.5900 mark, but remains under a clear bearish influence. The pair lost more than 4% in July, underscoring a strong bearish outlook. The 0.5850 area is the last barrier against the sellers. In Friday’s session, the NZD/USD took a slight break from its continual downward trajectory, mildly rebounding to

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

US Dollar DXY struggling to rebound amid mixed PCE figures and anticipations of Fed cuts. The possibility of a rate decrease by the Fed in September remains, though somewhat toned down. All eyes are now on next week’s FOMC decision. On Friday, the US Dollar, as depicted by the DXY, displayed some resilience despite encountering

Executive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn’t necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay. Key highlights The first cut doesn’t automatically lead to

The US Dollar (USD) is expected to trade in a range between 152.80 and 154.80. Weakness in USD appears to be stabilizing; a breach of 155.00 would indicate that USD is not declining further, UOB Group FX analysts Quek Ser Leang and Peter Chia note. A breach of 155.00 to indicate USD has stabilized 24-HOUR

GBP/USD slid below 1.2860 on Thursday as GBP softens. Markets see roughly-even odds of a BoE rate cut. Lopsided US data bolstered the Greenback slightly, adding to Cable losses. GBP/USD floundered on Thursday, chalking in a third straight trading day in the red and declining below 1.2860 as market expectations of a Bank of England