American voters have started casting their ballots to decide whether Vice President Kamala Harris or former President Donald Trump will become the 47th President of the United States. Latest election polls point to a tight race. The TIPP poll … [Continue reading]
USD: And now we wait – Commerzbank
In 1845, the US Congress decreed that presidential elections should always be held on the first Tuesday after the first Monday in November. The date was chosen to fall after the autumn harvest but before the onset of winter, which could make travel … [Continue reading]
Gold price recovers early lost ground to over one-week low amid US election concerns
Gold price slides to a one-week low amid some repositioning trades ahead of the US election. Fed rate cut bets, falling US bond yields and subdued USD demand help limit the downside. Middle East tensions also offer support to the XAU/USD and … [Continue reading]
RBA expected to extend the pause into the eighth straight meeting in November
Australia’s benchmark interest rate is set to stay unchanged at 4.35% in November. The focus remains on Reserve Bank of Australia Governor Michele Bullock’s comments and updated economic forecasts. The Australian Dollar could wilt if RBA Governor … [Continue reading]
Australian Dollar rises ahead of RBA decision and US election
AUD/USD surges higher in light of hawkish RBA and uncertainty over US election. US Dollar weakens on speculation of Kamala Harris victory and Fed's dovish rate cut bets. US Nonfarm Payrolls disappointed, missing estimates and casting doubt on Fed's … [Continue reading]
US Dollar at fresh nine-day low after Pennsylvania odds go in favor of Harris
The US Dollar in red figures on Monday after Ipsos polls project Vice President Kamala Harris taking the lead in the US presidential elections. Traders set for a very volatile week, with the Fed meeting amidst US presidential election … [Continue reading]
NZD/USD Price Analysis: Gives up majority of intraday gains
NZD/USD fails to hold the Asian session’s strength amid persistent weakness in the Kiwi dollar. The NZ Unemployment Rate is expected to have risen to 5% in the third quarter of this year. This week, investors await the US presidential elections … [Continue reading]
Japanese Yen remains solid as US Dollar depreciates ahead of US election
The Japanese Yen rises as the US Dollar depreciates ahead of the US election results on Tuesday. JPY liquidity is expected to be limited as the Japanese markets are closed for Sports Day on Monday. The US Dollar depreciated due to the release of … [Continue reading]
GBP/USD attracts some buyers above 1.2950, US presidential election looms
GBP/USD drifts higher to around 1.2970 in Monday’s early Asian session, up 0.40% on the day. The USD remains under selling pressure amid weaker US NFP data, uncertainty around the US presidential election. The BoE is expected to trim the … [Continue reading]
Singapore Purchasing Managers Index fell from previous 51 to 50.8 in October
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]