USD/CAD holds steady around 1.3815 in Friday’s early Asian session.US PPI rose 3.3% YoY in July, hotter than expected. Traders brace for the US Retail Sales data and the upcoming meeting between Trump and Putin later on Friday.The USD/CAD … [Continue reading]
Fed’s Barkin warns that companies are still adapting supply chains for tariffs
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Thursday that despite an overall improvement in business sentiment through the midpoint of the year, many firms are still not ready to resume a strong pace of hiring. A constant … [Continue reading]
Gold retreats as US Dollar rebounds on stronger-than-expected PPI, steady Jobless Claims
Gold edges lower to $3,335 as a stronger US Dollar caps gains.The US-Russia summit in Alaska on Friday keeps sentiment fragile as Donald Trump warns of “very severe” consequences if Russia doesn’t halt the war in Ukraine.US PPI data shows inflation … [Continue reading]
EUR/USD: There is scope for EUR to rise toward 1.1755 – UOB Group
Further Euro (EUR) strength is not ruled out; any advance is unlikely to threaten the resistance at 1.1755. In the longer run, price action suggests there is scope for EUR to rise toward 1.1755, UOB Group's FX analysts Quek Ser Leang and Peter Chia … [Continue reading]
FX option expiries for Aug 14 NY cut
FX option expiries for Aug 14 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1500 5.1b1.1600 1.5b1.1650 1.2b1.1660 1.1b1.1715 1.4b1.1750 1.5b1.1800 1.4b USD/JPY: USD … [Continue reading]
Australia unemployment rate expected to drop in July, hinting at jobs market rebound
The Australian Unemployment Rate is foreseen at 4.2% in July, down from the 4.3% hit in June.Australia is expected to have added 25,000 new positions in the month, after two months of disappointing figures. The Reserve Bank of Australia trimmed the … [Continue reading]
Ethereum Price Forecast: Standard Chartered ups year-end target to $7,500 as ETH approaches all-time high
Ethereum price today: $4,715Standard Chartered analysts increased their Ethereum price forecast to $7,500 by year-end and $25,000 by 2028.The analysts pointed to increased institutional demand, regulatory progress and improved participation from key … [Continue reading]
Gold range-bound as weak US Dollar offsets risk-on sentiment
Gold prices stay well bid above $3,350, underpinned by a softer US Dollar.Softer-than-anticipated headline inflation and slightly higher core readings keep the Fed rate outlook in focus, easing tariff-related inflation fears.The US Dollar Index … [Continue reading]
USD slides as focus returns to rates, spreads – Scotiabank
The US Dollar (USD) is weaker overall this morning and it is perhaps no great surprise, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. USD weaker as investors focus on Fed, rates, data challenges"Yesterday’s US CPI report … [Continue reading]
Australian Dollar rises as US Dollar weakens on rising Fed rate cut expectations
The Australian Dollar holds ground as the US Dollar maintains its position after posting nearly 0.5% recently.Australia’s Wage Price Index rose 0.8% QoQ, as expected.The US Consumer Price Index rose 2.7% YoY, while the annual core CPI climbed by 3.1% … [Continue reading]