AUD/USD gains traction from risk-on sentiment and China's stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, … [Continue reading]
US Dollar declines as PCE falls, markets confident of larger November cut
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US … [Continue reading]
US UoM Consumer Confidence Index rises to 70.1 in September
Consumer confidence in the US improved by more than anticipated in September. UoM survey showed five-year inflation expectation held steady at 3.1%. Consumer confidence in the US improved in September, with the University of Michigan's Consumer … [Continue reading]
GBP/USD: Unlikely to break above 1.3455 – UOB Group
Room for the Pound Sterling (GBP) to edge higher, but any advance is unlikely to break above 1.3455. In the longer run, GBP must break and hold above 1.3455 to resume strength, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. GBP must hold … [Continue reading]
Japan Leading Economic Index below forecasts (109.5) in July: Actual (109.3)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/JPY holds above 145.00 after the Tokyo CPI inflation data
USD/JPY gather strength around 145.20 in Friday’s early Asian session, gaining 0.26% on the day. Tokyo CPI rose 2.2% YoY in September vs. a 2.6% rise prior. The US August core PCE data will be closely monitored. The USD/JPY pair … [Continue reading]
Mexican Peso stays firm as Banxico lower rates 25 basis points
Mexican Peso is virtually unchanged after hitting a daily high of 19.46. Banxico cuts rates by 25 bps in a 4-1 vote, with inflation expected to ease by 2025. USD/MXN briefly dipped to 19.55 but stabilized above 19.60 after Banxico’s rate cut … [Continue reading]
United States 4-Week Bill Auction unchanged at 4.7%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Powell speech grabs attention as dovish Fed bets increase after 50 bps September rate cut
Remarks from Fed Chair Jerome Powell and his colleagues will hog the limelight on Thursday. Fed officials lately explained why they supported an outsized rate cut at the September meeting. Powell’s speech and Fed commentary could rock the US Dollar … [Continue reading]
Japanese Yen holds position as US Dollar loses ground due to dovish Fedspeak
The Japanese Yen receives downward pressure as traders expect the BoJ to delay further rate hikes. The BoJ Meeting Minutes highlighted a consensus among members on the need to remain vigilant regarding inflation risks. Traders await US Gross Domestic … [Continue reading]