ECB policy decision is due today (815pm SG time) followed by Lagarde’s press conference (845pm SGT). Softer CPI prints out of Euro-area, Germany and Spain and softer mfg PMI readings added to expectation that ECB should be on course to lower rate … [Continue reading]
Silver Price Forecast: XAG/USD holds ground above $28.50 ahead of ECB decision, US data
Silver price holds gains ahead of the ECB interest rate decision scheduled for Thursday. ECB is highly expected to lower rates to 4.0% by implementing a 25 basis points rate cut. August’s US Consumer Price Index data have increased the odds of a … [Continue reading]
Gold price stays resilient above $2,500 as inflation fears subside
Gold retreats from a daily high of $2,529 after US inflation data boosts odds of a 25 bps Fed rate cut. Rising US Treasury yields and a stronger US Dollar weigh on the non-yielding metal with the 10-year T-note climbing to 3.655%. CME FedWatch Tool … [Continue reading]
Mexican Peso surges as reform drama fails to rattle investors
Mexican Senate passes controversial judicial reform, but Peso recovers as investors focus on potential Fed easing cycle. USD/MXN drops 1.63% with investors pricing in an 85% chance of a 25 bps rate cut at the Fed's September meeting. US inflation … [Continue reading]
AUD/USD slips as US CPI dents 50-bps Fed cut
AUD/USD pulls back as US CPI report indicates core inflation steady at 3.2% YoY, dampening prospects for a 50-bps Fed rate cut. Money market futures now forecast an 85% likelihood of a 25-bps rate cut at the next Fed meeting. RBA Assistant Governor … [Continue reading]
US Dollar eases after Trump-Harris debate, ahead of August CPI
The US Dollar edges lower on Wednesday after markets labelled Harris as the winner of Tuesday’s presidential election debate. US CPI data for August is the last point for the Fed to take into account before next week’s decision. The US … [Continue reading]
USD/INR consolidates as traders expect a potential for RBI intervention
The Indian Rupee remains stable amid rising speculation of RBI interventions in open FX markets. Lower crude Oil prices favor the INR as India is the world’s third-largest Oil consumer and importer. The US Dollar depreciates as the Treasury yields … [Continue reading]
Australian Dollar moves little following RBA Hunter’s remarks, US Presidential Debate
The AUD/USD pair remains stable following the remarks from the RBA’s Assistant Governor (Economics), Sarah Hunter. RBA’s Sarah Hunter noted that elevated rates are suppressing demand, which is expected to lead to a mild economic downturn. Donald … [Continue reading]
US Dollar defends its ground ahead of CPI data
US Dollar is rising ahead of the presidential debate, continuing its strength despite ongoing dovish Fed easing expectations. Outcome of tonight's debate between Vice President Harris and former President Trump might shake the USD’s ground. Dovish … [Continue reading]
United States 3-Year Note Auction down to 3.44% from previous 3.81%
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]