FX

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

Oil price jumps higher for a fourth consecutive day on Monday. Traders send Oil prices higher on trimmed demand outlook from OPEC.  The US Dollar Index trades at a pivotal level after being glued to it since last week.  Oil price jumps higher for a fourth straight day in a row on Monday. Oil traders

The Australian Dollar appreciates as the RBA may increase rates again if needed. The safe-haven flows may limit the upside of the AUD amid escalated Middle-East tensions. Fed Governor Michelle Bowman suggested that the US central bank may not be prepared to cut rates in September. The Australian Dollar (AUD) retraces its recent losses against

The AUD/JPY pair declined to 96.45 on Friday resuming the losses after three sessions with gains. However, technical indicators suggest a shift towards neutral territory, with the RSI moving out of the oversold zone and the MACD showing decreasing red bars. The cross will close a weekly gain of nearly 1% despite the losses. In

AUD/USD slightly retreats, settling near 0.6575 on Friday. RBA reiterates its hawkish stance, contributing to a buoyant AUD. Investors digest Chinese inflation reported during the European session. The AUD/USD pair witnessed a minor setback at 0.6575 during Friday’s session, a modest descent of 0.30%. That being said, the Reserve Bank of Australia’s (RBA) unwavering hawkish

The main economic data release overnight was the latest CPI report from China for July, MUFG FX analyst Lee Hardman notes. USD/CNY rises back towards the 7.1800 level “The report revealed that headline inflation picked up modestly by 0.3 points to 0.5% in July. The core measure on inflation fell to 0.4% in July from

In the year-to-date USD/JPY has traded in a mighty range that has stretched almost from 140 to 162. By contrast EUR/USD has been stuck between 1.06 and 1.10, Rabobank’s FX analyst Jane Foley notes. Potential risks for a break higher coming from a softer USD “The lack of strong direction in EUR/USD is despite a

The US Dollar erases earlier losses and heads back to flat.  The technical picture raises a worrying sign for the coming weeks.  The US Dollar index closed above a key level on Thursday.  The US Dollar (USD) started on the back foot again on Friday and has been able to erase earlier incurred losses towards the

WTI recovers to near $75.10 in Friday’s early Asian session.  The upbeat US Initial Jobless Claims data and falling crude inventories support the WTI price.  Chinese demand concerns might cap the upside in the near term.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.10 on Friday. WTI price edges higher