FX

Gold’s price hovers near $2,400 as the US Dollar and bond yields correct. The Fed is expected to cut interest rates by more than 100 bps this year. Investors await the US weekly jobless claims data. Gold’s price (XAU/USD) slightly recovers from a two-day low of $2,380 in Thursday’s European session. The precious metal continues

USD/JPY weakens to near 146.05 in Thursday’s early Asian session, down 0.45% on the day.  BoJ Summary of Opinions from the July meeting stated that some members suggested a neutral rate of at least 1%.  Markets continue to price in a 50 bps Fed rate cut in September. The USD/JPY pair hovers around 146.05 after

Tuesday’s trading session was mixed; stock prices bounced, but they closed well below the daily highs. The S&P 500 reached a local high of 5,312.34 but closed more than 70 points below that level, gaining ‘just’ 1.04%. Overnight, calming words from the Bank of Japan were released, and this morning, the S&P 500 is likely

NZD/USD gains momentum around 0.5980 in Wednesday’s early Asian session, gaining 0.54% on the day.  New Zealand’s Unemployment Rate ticked higher to the highest since March 2021, rising to 4.6% in Q2 vs. 4.3 prior.  Fed’s Daly expects interest rate cuts to come as the labor market weakens.  The NZD/USD pair extends the rally near

The US Dollar is recovering from Monday’s meltdown and advances against the Japanese Yen.  Overnight, the RBA confirmed the Fed’s stance that a few data points are not enough to change the narrative.   The US Dollar index flirts with a break above 103.00 and could turn this week’s performance into positive territory.  The US Dollar

NZD/USD rebounds to near 0.5955 in Tuesday’s early Asian session.   Traders raise pressure on the Fed to take more aggressive rate action.  The interest rate cut by the RBNZ in August cannot be ruled out, said BNZ analysts.  The NZD/USD pair recovers some lost ground around 0.5955 after retracing to near 0.5850 during the

The US Dollar falls through the floor with US equities entering correction territory as well.  Markets are spooked by recession fears after several worrying US data releases last week.  The US Dollar index falls below 103.00 on Monday after a bad Asian session.  The US Dollar (USD) is picking up speed in its decline on

Gold price trades on a weaker note near $2,435 in Monday’s early Asian session, down 0.40% on the day.  US Nonfarm Payrolls rose by 114K in July vs. 179K prior, weaker than expected.  The Middle East tensions might cap the gold’s downside.  Gold price (XAU/USD) edges lower to $2,435 on Monday during the early Asian

Despite the predominantly bearish trend, NZD/USD exhibits signs of a mild rebound. Key resistance is noted at 0.5980, with a substantial support level observed around 0.5760. Daily RSI fluctuates under the 50-mark, indicating lasting bearish sentiment, but a recent recovery above 40 shows traces of bullish momentum. The NZD/USD pair, while majorly sticking to its

EUR/USD bumps back over 1.0900 after bad US NFP print. Broad-market concerns of a US slowdown jumped on Friday. Coming up next week: US ISM Manufacturing PMI, EU Retail Sales EUR/USD caught a ride higher on Friday after the Greenback got pummeled following a bad data beat in US Nonfarm Payroll (NFP) figures. Market fears

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