FX

Share: AUD/USD retreated below the 20-day SMA towards 0.6450. The August NFP report from the US sent mixed signals from the US labour market. The Greenback benefited from higher-than-expected ISM PMIs. In Friday’s session, the USD initially dropped and found support at the 20-day Simple Moving Average (SMA) of 103.30 but then managed to recover

Share: Nonfarm Payrolls for August provided data showing Fed may not require more hikes. NVDA stock has been forming Japanese candlestick doji patterns late this week that demonstrate uncertainty among bulls. Intel’s Gaudi 2 chip is being called a competitor to Nvidia’s H100. Samsung signs deal to begin supply high bandwidth memory chips to Nvidia.

Share: USD/JPY trades nearly flat at 145.46 after dropping to a three-week low of 144.44. US Nonfarm Payrolls for August beat estimates, but Unemployment Rate misses, keeping the pair in check. Rising US Treasury bond yields lend some support to the USD. The Greenback (USD) stages a recovery against the Japanese Yen (JPY) after dropping

Share: USD/JPY refreshes weekly low on Friday, albeit lacks follow-through selling. The divergent Fed-BoJ policy stance continues to act as a tailwind for the pair. Traders now look to the US NFP report before placing fresh directional bets. The USD/JPY pair touches a fresh weekly low during the Asian session on Friday, albeit manages to

Share: Pound Sterling prepares for further rally as market mood remains upbeat. UK’s business confidence improves as firms expect interest rates to peak sooner. Lloyds Bank Business Barometer shows that businesses will keep raising wages and prices ahead. The Pound Sterling (GBP) demonstrates a corrective move as investors seek fresh cues about the interest rate peak

Share: Asian stock markets trade mixed on Thursday ahead of the US inflation data.  Chinese Manufacturing and Service PMI deteriorated further in August.  Bank of Japan (BoJ) policymaker said that they need more time to transition to monetary tightening.  Investors will focus on the US inflation and labor data later in the day.  Asian stock

Share: USD/JPY trades down 0.13% at 145.68, pressured by disappointing US labor market data and lower-than-expected Q2 GDP growth. US 10-year Treasury Note yield dips to 4.102%, further weakening the dollar, as the DXY index slumps 0.43% to 103.041. BoJ board member Naoki Tamura signals inflation is “clearly in sight,” hinting at a potential end

Share: GBP/USD retreats on US Dollar recovery, trades near 1.2630 GBP/USD trades lower around 1.2630 on the back of a recovery in the US Dollar (USD), which could be attributed to the improvement in US Treasury yields snapping a two-day losing streak. The US Dollar Index (DXY), which measures the performance of the Greenback against

Share: Mexico’s Q2 GDP growth comes in below expectations at 0.8% QoQ, pushing USD/MXN higher as Banxico holds rates steady at 11.25%. US Job Openings declined to 8.827M, well below estimates, causing odds for a September rate hike to drop from 78% to 86.5%, according to the CME FedWatch Tool. Despite mixed US economic data,

Share: USD/JPY prints the first daily loss in four despite lacking downside momentum of late. Japan government report cites ‘inflection point’ in 25-year battle with deflation, teases BoJ hawks amid softer yields. Downbeat Japan employment data, mixed concerns about inflation keep Yen pair buyers hopeful. US CB Consumer Confidence, yields eyed for fresh impulse. USD/JPY

Share: USD/JPY surges to a new YTD high of 146.68, buoyed by Wall Street’s upbeat opening and dovish comments from BoJ Governor Kazuo Ueda. Despite a dip in US 10-year Treasury yields, the pair maintains its bullish momentum, reflecting the Fed’s hawkish stance on further tightening. A packed economic calendar could introduce volatility, including key

Share: USD/CHF trades lower around 0.8830 due to the retreating US Treasury yields. US Dollar (USD) weakens despite the Fed’s hawkish stance at the Jackson Hole Symposium. Fed Chair Jerome Powell endorsed the idea of maintaining “higher for longer” interest rates. USD/CHF trades lower around the 0.8830 level at the start of the week. Indeed, USD/CHF

Share: The EUR/USD fell below the 200-day SMA of 1.0800 towards the 1.0795 area to close the week. The Euro tallied a fourth consecutive weekly loss against the USD. The cautious stance by Christine Lagarde at the Jackson Hole Symposium weakens the Euro. In Friday’s session, the EUR/USD bears broke through the 200-day Simple Moving Average

Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds complexity to

Share: AUD/USD fell more than 0.50%,  to a daily low near 0.6380. Jerome Powell opened the door to another hike in this tightening cycle. Rising US yields make the USD gain interest. At the end of the week, the USD gained ground against its rivals, mainly driven by the Federal Reserve’s (Fed) chairman, Jerome Powell, at

Share: Powell’s hawkish tone on inflation and potential for further rate hikes propels USD/CAD to a three-month high of 1.3640, currently trading at 1.3613. Philadelphia Fed’s Patrick Harker adds fuel to the fire, stating rates are already restrictive and may need to rise further if inflation stalls. Lackluster Canadian retail sales data at 0.1% MoM

Share: Gold price trades sideways as investors shift focus to the speech from Fed Powell at Jackson Hole. The market mood remains jittery as to whether Jerome Powell will deliver hawkish interest rate guidance or favor a neutral policy. Business spending on capital goods rose by 0.1% in July, swinging from a contraction of 0.4%

Share: GBP/USD drops to its lowest level since June, further below 1.2600 on stronger USD The GBP/USD pair prolongs its rejection slide from the 1.2800 mark touched earlier this week and remains under some selling pressure for the fourth successive day on Friday. Spot prices drop to a more than two-month low, around the 1.2585