GBP/USD bulls turn cautious amid the emergence of some USD buying on Thursday. The divergent BoE-Fed policy expectations might continue to lend support to the pair. The technical setup warrants caution for bulls and before positioning for … [Continue reading]
WTI holds below $72.00 as wider Middle East conflict fade
WTI price trades in negative territory for the fifth consecutive day in Wednesday’s early Asian session. WTI price declines as worries of a wider Middle East conflict fade, but rising bets on a Fed rate cut might limit its losses. Crude … [Continue reading]
Australian Dollar moderates gain, RBA’s hawkish stance to limit downside
AUD/USD experienced a slight drop, adjusting to 0.6745 on Wednesday. The persistent hawkish views of the RBA keep backing the Aussie versus its peers. Dovish bets on the Fed weaken the USD. On Wednesday, the AUD/USD is seeing a slight decline … [Continue reading]
Fed Minutes Preview: Traders look for evidence to support 50 bps cut
The Minutes of the Fed’s July 30-31 policy meeting will be published on Wednesday. Details of Jerome Powell and Co’s discussions about policy easing will be scrutinized. Markets wager a roughly 27% chance of a 50 bps Fed interest rate cut in … [Continue reading]
EUR/JPY bounces back to 162.50 as Yen corrects with National CPI in focus
EUR/JPY recovers to near 162.50 as Japan’s Trade Deficit weighs on the Yen. The BoJ is expected to tighten its monetary policy further this year. Investors await flash Eurozone PMI for August. The EUR/JPY pair rebounds sharply from the intraday low … [Continue reading]
AAVE price poised for a rally as on-chain data shows positive bias
Coinglass open interest is rising and is at its highest this year, indicating an influx of new money. Santiment daily active addresses are rising, signaling a bullish move. Investors should be cautious about spikes in the Network Realized Profit/Loss … [Continue reading]
Australian Dollar maintains position with a positive sentiment due to the hawkish RBA
The Australian Dollar may advance its gains as RBA Minutes indicated current cash rates for longer. RBA’s August Meeting Minutes suggested that a rate cut is unlikely soon. The US Dollar may receive support from caution ahead of the FOMC Minutes … [Continue reading]
US Dollar loses ground as investors remain overly confident on a September cut
The US Dollar measured by the DXY Index plunges to a seven-month low amidst declining Treasury yields. Investors turn their gaze toward Powell's forthcoming address at Jackson Hole for further cues on subsequent Fed rate cuts. A September cut is … [Continue reading]
AUD/USD Price Forecast: Up, up, up you go
AUD/USD advanced to multi-week highs near 0.6750. The Dollar’s sell-off underpinned the move higher in the pair. The RBA Minutes discussed an interest rate hike. On Tuesday, AUD/USD continued its bullish momentum for the fourth consecutive day, … [Continue reading]
Mexico Retail Sales (MoM) down to -0.5% in June from previous 0.1%
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]