Gold retreats from a daily high of $2,529 after US inflation data boosts odds of a 25 bps Fed rate cut. Rising US Treasury yields and a stronger US Dollar weigh on the non-yielding metal with the 10-year T-note climbing to 3.655%. CME FedWatch Tool … [Continue reading]
Mexican Peso surges as reform drama fails to rattle investors
Mexican Senate passes controversial judicial reform, but Peso recovers as investors focus on potential Fed easing cycle. USD/MXN drops 1.63% with investors pricing in an 85% chance of a 25 bps rate cut at the Fed's September meeting. US inflation … [Continue reading]
AUD/USD slips as US CPI dents 50-bps Fed cut
AUD/USD pulls back as US CPI report indicates core inflation steady at 3.2% YoY, dampening prospects for a 50-bps Fed rate cut. Money market futures now forecast an 85% likelihood of a 25-bps rate cut at the next Fed meeting. RBA Assistant Governor … [Continue reading]
US Dollar eases after Trump-Harris debate, ahead of August CPI
The US Dollar edges lower on Wednesday after markets labelled Harris as the winner of Tuesday’s presidential election debate. US CPI data for August is the last point for the Fed to take into account before next week’s decision. The US … [Continue reading]
USD/INR consolidates as traders expect a potential for RBI intervention
The Indian Rupee remains stable amid rising speculation of RBI interventions in open FX markets. Lower crude Oil prices favor the INR as India is the world’s third-largest Oil consumer and importer. The US Dollar depreciates as the Treasury yields … [Continue reading]
Australian Dollar moves little following RBA Hunter’s remarks, US Presidential Debate
The AUD/USD pair remains stable following the remarks from the RBA’s Assistant Governor (Economics), Sarah Hunter. RBA’s Sarah Hunter noted that elevated rates are suppressing demand, which is expected to lead to a mild economic downturn. Donald … [Continue reading]
US Dollar defends its ground ahead of CPI data
US Dollar is rising ahead of the presidential debate, continuing its strength despite ongoing dovish Fed easing expectations. Outcome of tonight's debate between Vice President Harris and former President Trump might shake the USD’s ground. Dovish … [Continue reading]
United States 3-Year Note Auction down to 3.44% from previous 3.81%
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]
GBP/CHF edges lower as Swiss Franc continues to outperform
GBP/CHF trades marginally lower as the Pound weakens against the Franc. UK employment data was robust and led to GBP rising in its key pairs. GBP/CHF fell, however, due to the resilience of the Swiss Franc. GBP/CHF edges lower on … [Continue reading]
EUR/USD Forecast: Euro shows no signs of a rebound
EUR/USD seems to have entered a consolidation phase near 1.1050. The technical outlook doesn't yet suggest that the pair is looking to recover. The US economic calendar will not feature any high-tier data releases. After ending the previous week on … [Continue reading]