FX

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

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