NZD/USD is up nearly 0.85% on Friday after briefly touching 0.5800, its lowest level since April 11.Powell balanced tariff-driven inflation risks with labor market weakness, signaling monetary policy recalibration.Markets price in a 90% probability … [Continue reading]
EUR/USD trims losses as the market braces for Fed Powells speech
The Euro remains depressed amid generalised US Dollar strength in risk-off markets.Traders await Fed Powell's speech for further insight into the central bank's monetary policy plans.In Europe, a downwardly revised German GDP has increased pressure … [Continue reading]
France Business Climate in Manufacturing in line with expectations (96) in August
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 hovers near two-month lows as traders await Fed Chair Powell’s speech
The Australian Dollar maintains its position near the two-month low of 0.6414 recorded on Thursday.AUD/USD came under pressure as the US Dollar strengthened following upbeat S&P Global US PMI data.The CME FedWatch Tool indicates that markets are … [Continue reading]
Ethereum Price Forecast: ETH risks selloff as supply in profit tops 90% ahead of Powell’s speech
Ethereum price today: $4,210Ethereum's supply in profit has crossed the 90% mark, a level that historically triggers heavy selling activity.Profit-taking lingers as Cleveland Fed President Hammack says she would not support a rate cut if the Fed were … [Continue reading]
Gold Price Forecast: XAU/USD hovers around $3,340, awaits fresh clues
XAU/USD Current price: $3,340.55US business activity grew at the fastest rate this year in August, according to S&P Global. Market players await fresh clues from policymakers amid the Jackson Hole Symposium. XAU/USD extends its consolidative … [Continue reading]
EUR/GBP steady above 0.8650 as traders weigh US-EU deal and PMI data
EUR/GBP trades around 0.8660 on Thursday, consolidating after Wednesday’s rebound.The US and EU have struck a trade agreement, combining tariff relief with large-scale energy and investment pledges.Eurozone PMI showed manufacturing back in expansion, … [Continue reading]
Gold keeps the red amid hawkish Fed-inspired USD strength; downside seems limited
Gold drifts lower on Thursday as hawkish FOMC Minutes continue to underpin the USD.Hopes for a Russia-Ukraine peace deal further exerted pressure on the XAU/USD pair.The global PMIs could drive the commodity ahead of Fed Chair Powell’s speech on … [Continue reading]
Gold stalls Wednesday’s recovery from 100-day SMA support amid a firmer USD
Gold drifts lower on Thursday as hawkish FOMC Minutes underpin the US Dollar.Hopes for a Russia-Ukraine peace deal also exerted pressure on the XAU/USD pair.The global PMIs could influence the commodity ahead of Fed Chair Powell’s speech on … [Continue reading]
USD/MXN drops as Fed independence threats spur Peso demand
Mexican Peso appreciates 0.25%, as traders punish the Greenback on US political noise.Mexico inflation falls to 3.51% YoY, strengthening odds for a Banxico cut to 7.50% in September.Citi survey: Peso expected to stay strong, USD/MXN seen near 19.50 … [Continue reading]