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]
United Kingdom CFTC GBP NC Net Positions climbed from previous £-33.6K to £-6.6K
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]
Eurozone CFTC EUR NC Net Positions down to €117.8K from previous €125.7K
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]
Australian Dollar heads for weekly decline amid cautious Fed outlook
AUD/USD extends losses for a third day, set for first weekly decline in four weeks.The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft jobs data weigh on the Aussie.Fed Governor Stephen Miran advocates deeper cuts, signaling … [Continue reading]
Dow Jones Industrial Average tilts further into the green on Friday
The Dow Jones climbed into 46,250 on Friday, adding another bullish day on the backend.Equities have risen after the Fed trimmed interest rates through the midweek.Coming up next week: PMI survey results and another round of PCE inflation data.The … [Continue reading]
Gold steadies above $3,650 on Fed outlook, US Dollar strength caps gains
Gold trades near $3,650 on Friday, snapping a two-day losing streak after the Fed’s interest rate cut.The US Dollar and Treasury yields extend post-Fed rebound as Powell’s tone proved less dovish than expected.Gold remains cushioned as markets … [Continue reading]
EUR/USD is set to climb back to the 1.1850 – ING
EUR/USD is expected to climb back to the 1.1850 handle in the coming days. Thursday morning’s rally in the pair shows momentum remains tilted to the bullish side, but also that the US jobs market data continues to have an outsized impact on USD … [Continue reading]
USD/CHF clings to gains near 0.7930 as US Dollar trades firmly
USD/CHF trades firmly near 0.7930 as the US Dollar holds onto a two-day recovery move.The Fed signaled two more interest rate cuts in the remainder of the year.Investors await the SNB’s monetary policy decision on Thursday.The USD/CHF pair holds onto … [Continue reading]
Bank of Japan expected to maintain interest rates unchanged at 0.5% in September
The Bank of Japan is widely expected to keep interest rates unchanged at 0.5% for the fifth consecutive meeting on Friday.The central bank is likely to wait for Japan’s political uncertainty to fade before hiking interest rates further.Markets will … [Continue reading]
Dow Jones Industrial Average leaks upward as tech rally drags equities higher
The Dow Jones took a meager step upward on Thursday, clawing into record highs.The tech sector is taking the biggest step, bolstered by the ongoing AI rally.The Fed’s rate cut and tease of more cuts to come has lifted investor sentiment.The Dow Jones … [Continue reading]