GBP/USD rebounds from 1.3332 lows 1.3442 as US Dollar slips after Tuesday’s sharp rally above DXY 98.50.US JOLTS report shows July job openings fell sharply, highlighting tariffs’ drag on hiring and manufacturing weakness.UK Services PMI jumps to … [Continue reading]
EUR: markets shift focus back to policy and Fed/ECB – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 as it consolidates in a tight range in the mid/lower-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. EUR is up … [Continue reading]
Australian Dollar remains weaker as US Dollar gains ahead of Fed Beige Book
Australian Dollar remains subdued despite stronger-than-expected Q2 GDP.China’s Caixin Services PMI rose to 53.0 in August, against the expected 52.5 reading.The CME FedWatch tool indicates that more than 91% of a 25-basis-point Fed rate cut is … [Continue reading]
Australian Dollar stays silent following stronger Q2 GDP, China’s Services PMI
Australian Dollar maintains its position despite GDP expanding 0.6% QoQ in Q2.China’s Caixin Services PMI rose to 53.0 in August, against the expected 52.5 reading.The CME FedWatch tool indicates that more than 91% of a 25-basis-point Fed rate cut is … [Continue reading]
Ethereum Price Forecast: The Ether Machine secures $650 million investment as ETH declines below key support
The Ether Machine announced that it has secured a 150,000 ETH investment worth about $654 million.The announcement follows SharpLink Gaming's statement that it purchased 39,008 ETH last week.ETH has declined below a key ascending trendline support … [Continue reading]
USD/JPY steadies above 148.00 as mixed US PMI data shifts focus to NFP
USD/JPY steadies above 148.00, easing slightly after hitting fresh one-month highs.ISM PMI showed manufacturing contraction persists, while S&P Global signaled the strongest improvement in two years.BoJ Deputy Governor Himino signaled gradual … [Continue reading]
Gold retreats from record $3,508 as US Dollar and yields rebound
Gold retreats after a record peak at $3,508 as the US Dollar and Treasury yields rebound.Safe-haven demand underpins downside as investors hedge against trade policy uncertainty, Fed independence concerns, and geopolitical tensions.Technical outlook … [Continue reading]
Gold surrenders intraday gains to record high as sharp USD bounce prompts profit-taking
Gold retreats from the all-time peak after struggling to find acceptance above the $3,500 psychological mark.A solid USD recovery turns out to be a key factor that prompts profit-taking around the safe-haven commodity.Traders now look forward to the … [Continue reading]
Silver Price Forecast: XAG/USD reaches 14-year highs above $40.50 amid safe-haven demand
Silver price marked $40.85, the highest since September 2011, on Tuesday.US July Personal Consumption Expenditures Price Index pointed to sustained inflationary pressures, adding to uncertainty around potential Fed rate cuts.Silver receives support … [Continue reading]
GBP/USD rises as risk appetite floats higher heading into tense week
GBP/USD climbed 0.3% on Monday, bolstered by a general uptick in market sentiment.Markets are tilted into the risk-on side ahead of a packed data docket.This week will culminate in key US NFP jobs data.GBP/USD found room on the high end on Monday, … [Continue reading]