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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments