AUD/USD retreats on resurgent demand for safe-haven US Dollar amid lingering global economic concerns. Hawkish RBA stance and market expectations of 50 bps Fed rate cut in November support the pair. Despite softer Australian CPI data, near-term RBA … [Continue reading]
United States 5-Year Note Auction down to 3.519% from previous 3.645%
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]
Pound Sterling corrects from 1.3400 while the overall outlook remains firm
The Pound Sterling faces pressure near 1.3400 against the US Dollar, while the latter's outlook remains vulnerable. BoE Governor Andrew Bailey sees a gradual decline in interest rates. Investors await the US PCE inflation data for August on Friday … [Continue reading]
Switzerland ZEW Survey – Expectations fell from previous -3.4 to -8.8 in September
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]
Silver Price Forecast: XAG/USD bulls retain control near four-month top, above $32.00 mark
Silver consolidates near a multi-month peak touched earlier this Wednesday. The technical setup favors bulls and supports prospects for additional gains. Any corrective slide could be seen as a buying opportunity and remain limited. Silver (XAG/USD) … [Continue reading]
GBP/USD crosses 1.34 for the first time since March of 2023
GBP/USD continues Pound rally on Greenback weakness. US consumer sentiment data shows US consumer still fear inflation. Markets have leaned into higher expectations of further outsized Fed cuts. GBP/USD extended the ongoing Pound Sterling rally for … [Continue reading]
BoC’s Macklem: We are looking for continued easing of inflation to 2%
Bank of Canada (BoC) Governor Tiff Macklem noted early Tuesday that the BoC will continue to carefully watch consumer conditions in Canada, reiterating that the BoC's timing and pace of rate cuts will be dependent on data. Key highlights With … [Continue reading]
United States Richmond Fed Manufacturing Index registered at -21, below expectations (-17) in September
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]
Pound Sterling strengthens on BoE’s less-dovish rate cut bets
The Pound Sterling moves higher to near 1.3380 against the US Dollar on expectations of BoE’s shallow policy-easing cycle. UK’s overall business activity grew at a slower pace in September, according to a flash estimate. Traders raise Fed 50 bps rate … [Continue reading]
Bullock Speech: RBA Governor is due to hold a press conference after holding interest rate
Reserve Bank of Australia (RBA) Governor Michele Bullock is due to hold a press conference after the central bank maintained the interest rate at 4.35% for the seventh meeting in a row, following its September policy meeting. Bullock will respond to … [Continue reading]