The Pound Sterling falls against the US Dollar to near 1.2700 amid weak appeal for risk-sensitive currencies. Investors worry that the US economy could enter a recession. The British currency will be guided by market speculation for BoE rate cuts. … [Continue reading]
FX option expiries for Aug 6 NY cut
FX option expiries for Aug 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0700 800m 1.0815 1.7b 1.0820 459m 1.0830 900m 1.0885 628m 1.0895 499m 1.0935 786m - GBP/USD: … [Continue reading]
Australian Dollar appreciates as traders expect RBA to maintain current interest rates
The Australian Dollar advances ahead of Tuesday’s RBA policy decision. The RBA is expected to maintain the Official Cash Rate at 4.35% for the sixth consecutive meeting. The US Dollar declines as recent downbeat labor data fuels odds of a Fed … [Continue reading]
Mexican Peso plunges on US hard-landing concerns
Mexican Peso recovers from yearly low, trades at 19.49, still down over 1.70%. Safe-haven demand for Yen and Franc amid turmoil impacts emerging market currencies. Wall Street indices' losses heighten financial market stress, affecting USD/MXN … [Continue reading]
AUD/USD Forecast: Risks remain on the downside prior to the RBA
AUD/USD dropped to new 2024 lows around 0.6350. The broad-based sell-off in the risk complex hurt AUD and commodities. The RBA is widely expected to keep its interest rate at 4.35%. AUD/USD extended its retracement further and reached a new 2024 … [Continue reading]
A follow-up to last week’s performance – Commerzbank
In the face of emerging global recession fears, not only have US interest rate expectations been corrected over the past week, but so have those for most of the other G10 countries. Correcting for these distortions, the market is now pricing in … [Continue reading]
Italy HCOB Services PMI below expectations (53) in July: Actual (51.7)
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]
GBP/USD hovers around 1.2800 with aiming to extend gains due to risk-on mood
GBP/USD grapples to extend gains due to dovish sentiment surrounding the Fed’s policy stance. The recent US labor data increased the probability of a 50-basis point Fed rate cut to 74.5% in September. BoE Governor Bailey mentioned after the policy … [Continue reading]
South Korea FX Reserves increased to 413.51B in July from previous 412.21B
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]
Kraken Chief Security Officer stresses on importance of crypto self custody, traders express concern
Kraken Chief Security Officer Nick Percoco shared his thoughts on crypto self custody in a recent tweet. Percoco said never keep all of your assets on an exchange or web platform. Kraken Security lead’s tweet raised concerns among crypto … [Continue reading]