FX

UK inflation data released on Wednesday quashes hopes the BoE will cut interest rates on Thursday.  Whilst this is bad news for UK mortgage holders the Pound Sterling rose on the news.  Eurozone revisions of flash estimates to its inflation showed a downwards revision, weighing on the Euro.  EUR/GBP is trading lower on Thursday, exchanging

NZD/USD gains ground near 0.6190 in Wednesday’s early Asian session.  The Fed is anticipated to reduce its borrowing costs on Wednesday.  New Zealand’s GDP will be released on Thursday, and it is projected to contract by 0.4% QoQ in Q2.  The NZD/USD pair attracts some buyers around 0.6190 on Wednesday during the early Asian session.

A report from Statistics Canada released on Tuesday revealed that annual inflation in Canada, as measured by the Consumer Price Index (CPI), increased by 2.0% in August. This figure came in short of market expectations and represents a decrease from July’s 2.5% rise. On a monthly basis, the core CPI, which excludes the often fluctuating prices

USD/JPY rebounds to near 140.80 in Tuesday’s early Asian session.  The US Fed is widely expected to cut interest rates at the conclusion of its meeting Wednesday. Analysts see no change in rates at the BOJ meeting on Friday. The USD/JPY pair recovers some lost ground near 140.80, snapping the five-day losing streak during the early Asian

The US Dollar dips lower on Monday in both the European and Asian trading session.  The Fed moves to the forefront with a policy rate decision this week.  The US Dollar Index could sink lower as it tests the lower bound of August’s bandwidth.  The US Dollar (USD) trades substantially softer on Monday ahead of

Gold price trades in positive territory near $2,580 in Monday’s early Asian session.  Firmer Fed rate cut expectations and persistent geopolitical risks continue to underpin Gold price.  Slow momentum in Chinese economic activity might weigh on the precious metal.  Gold price (XAU/USD) gains momentum around $2,580 during the early Asian session on Monday. The precious

EUR/USD may have reached too far, too fast in midweek recovery. ECB rate cut bump proved fleeting as markets pivot to focus on Fed. Investors are jostling for position as rate market weigh odds of a 50 bps Fed cut. EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on the

The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions. The RSI is oversold and has a declining slope, indicating that selling pressure is increasing. The MACD is also negative and the histogram is rising. Friday’s session saw the NZD/JPY pair decline by more than 1% to 86.60 marking another

The negative outlook remains, RSI and MACD suggest bearish momentum. The multiple rejections by the 20-day SMA suggest that the buyer’s traction is too weak. A break from above mentioned average would improve the outlook. In Friday’s session, the EUR/GBP pair fell slightly by 0.15% to 0.8435, showcasing a negative technical outlook. Bears continue to

For very good reason the market is preoccupied by the potential policy decisions of the Federal Reserve, Rabobank’s Senior FX Strategist Jane Foley notes. Risk of EUR/USD dips back to 1.10 “In July, market expectations regarding a possible September rate cut from the Fed began to firm up.  Consequently, since the start of that month

EUR/USD rises as increasing bets of a large cut by the Federal Reserve weigh on the US Dollar. The ECB said it remains data-dependent for further monetary policy action after Thursday’s cut. ECB’s President Lagarde refrained from providing a specific interest-rate cut path. EUR/USD strengthens at the expense of a weak US Dollar. The US

EUR/USD rallied on a weakening Greenback on Thursday. US PPI inflation data failed to spark any major moves, but remained steady. The market’s Fed-centric tilt continues unabated as the wait for rate cuts rolls on. EUR/USD found higher ground on Thursday, rising back above the 1.1050 level as markets lean into a risk-on stance after

EUR/USD exhibits uncertainty near 1.1000 ahead of the ECB’s policy decision. The ECB is expected to cut the Rate On Deposit Facility by 25 bps to 3.5%. Sticky US inflation data cements Fed’s 25 bps interest rate cut prospects for next week’s policy meeting. EUR/USD remains under pressure as the US Dollar (USD) refreshes its

GBP/USD tallied another day of losses falling below 1.3050. US CPI came in mixed and markets reduced the odds of a 50 bps cut. Earlier in the session the UK reported weak GDP figures. The GBP/USD pair remains under pressure, trading near 1.3045 as the market reacted to the latest US inflation data. Economic activity

The US Dollar (USD) is likely to trade with a downward bias; the probability of it breaking the significant support at 140.80 is not high, UOB Group FX analysts Quek Ser Leang and Peter Chia note. Probability of it breaking below 140.80 is not high 24-HOUR VIEW: “We expected USD to trade in a range

Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 351.38 Malaysian Ringgits (MYR) per gram, up compared with the MYR 349.93 it cost on Monday. The price for Gold increased to MYR 4,098.37 per tola from MYR 4,081.51 per tola a day earlier. Unit measure

The Dollar Index (DXY) consolidates near the top end of its three-week range (100.5 and 101.9), DBS FX strategist Philip Wee notes. DXY is near the top of a three-week range “DXY may consolidate following a two-day rebound near the top end of its three-week range (100.5 and 101.9).” “The US Treasury 2Y yield rose by 2.3

Gold gains ground despite broad US Dollar strength, traders focus on the upcoming US Consumer Price Index (CPI) release. CME FedWatch Tool shows 73% odds of a 25 bps Fed rate cut, shifting from previous speculation of a 50 bps move. US Treasury yields remain stable, while traders await further clues on inflation trends and