USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data
USD/CHF weakens below 0.8500, eyes on Swiss CPI, GDP data The USD/CHF pair declines towards 0.8490 during early European trading on Monday. This drop is driven by a weaker US Dollar (USD) amid rising expectations that the US Federal Reserve (Fed) might cut interest rates in its September meeting. Upcoming economic data from Switzerland, including […]
Australian Dollar Advances on Improved Risk Sentiment
Australian Dollar Advances on Improved Risk Sentiment The Australian Dollar (AUD) has moved higher against the US Dollar (USD) on Tuesday, hovering just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair appears limited as traders anticipate diverging policy outlooks between the Reserve Bank of Australia (RBA) and the […]
EUR/USD Rises Above 1.1150 Amid Market Optimism
EUR/USD Rises Above 1.1150 Amid Market Optimism The EUR/USD pair has rebounded from its recent losses, trading around 1.1170 during Tuesday’s Asian session. This recovery is fueled by growing market optimism following comments from U.S. Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, who told Reuters that fears of a wider […]
Oil Edges Higher Ahead of Weekly Stockpile Reports
Oil Edges Higher Ahead of Weekly Stockpile Reports Oil prices are trading relatively flat on Wednesday after experiencing sharp declines over the past three sessions. The stabilization follows reports that a tanker in the Red Sea was attacked by Houthi rebels. Delta Tankers confirmed that its vessel, Sounion, sustained minor damage in the attack. This […]
How Responsible is the Polish Central Bank? – Commerzbank Analysis
How Responsible is the Polish Central Bank? – Commerzbank Analysis The Polish zloty weakened against the euro and other CE3 currencies yesterday after Poland’s Constitutional Court issued a controversial ruling. The court declared that NBP governor Adam Glapinski could not be held accountable by a parliamentary committee, the State Tribunal, or through any report by […]
EUR/USD Holds Firm Above 1.1100 with Fed Minutes Awaited
EUR/USD Holds Firm Above 1.1100 with Fed Minutes Awaited EUR/USD is hovering around 1.1130 during Wednesday’s North American session, marking its highest level this year. The currency pair is eyeing a revisit to the 2024 high of 1.1140 as the US Dollar (USD) weakens amid growing optimism for Federal Reserve (Fed) interest rate cuts in […]
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs
EUR/USD Steady Near 1.1100, Close to Eight-Month Highs The EUR/USD pair is holding around 1.1080 during Tuesday’s Asian session, after easing back slightly from an eight-month high of 1.1087. This minor pullback is linked to a stronger US Dollar (USD) amid a rise in risk-averse sentiment. However, the USD might face challenges ahead as the […]
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns West Texas Intermediate (WTI) crude oil prices are hovering around $75.30 per barrel during the Asian session on Monday, pressured by concerns over weakened demand from China, the world’s top oil importer. Recent data from China revealed that Industrial Production increased by 5.1% year-on-year in […]
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) for the third consecutive day on Monday, driven by improved risk sentiment and a hawkish outlook from the Reserve Bank of Australia (RBA). Investors are now eagerly awaiting the RBA Meeting […]
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts The EUR/USD pair climbed to year-to-date (YTD) highs, nearing 1.1040, during early European trading on Monday. This rise is supported by a broad weakening of the US Dollar (USD) amid increasing speculation that the Federal Reserve (Fed) might cut interest rates in September. […]
Japanese Yen Strengthens Amid Hawkish BoJ Sentiment; US Data in Focus
Japanese Yen Strengthens Amid Hawkish BoJ Sentiment; US Data in Focus The Japanese Yen (JPY) rebounded against the US Dollar (USD) on Friday, likely bolstered by Japan’s strong second-quarter GDP growth, which fuels speculation about a potential interest rate hike from the Bank of Japan (BoJ). However, the Yen may face headwinds due to political […]
Gold Price Awaiting US Macro Data for Potential Gains
Gold Price Awaiting US Macro Data for Potential Gains Gold prices (XAU/USD) saw a decline on Wednesday as investors adjusted their expectations for the Federal Reserve’s (Fed) policy after the release of US consumer inflation data. However, persistent geopolitical tensions in the Middle East, expectations of the Fed initiating a rate-cutting cycle soon, and a […]
Oil Retreats as Markets Shift Focus to Demand Concerns
Oil Retreats as Markets Shift Focus to Demand Concerns Oil prices declined on Tuesday, ending a five-day rally as the market shifted its focus back to concerns over demand, following OPEC’s recent downward revision of its 2024 demand growth forecast due to weaker expectations in China. Global benchmark Brent crude futures dropped by 57 cents, […]
What’s Moving Markets: US CPI, Retail Earnings, and UK Inflation
What’s Moving Markets: US CPI, Retail Earnings, and UK Inflation Wall Street is poised to start the week slightly higher as investors closely watch the latest inflation data, seeking confirmation that the Federal Reserve might begin cutting interest rates in September. While the quarterly earnings season is winding down, the retail sector will take center […]
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses Gold prices dipped in Asian trading on Friday, weighed down by positive U.S. labor data that boosted risk appetite and reduced demand for safe-haven assets. This decline put the yellow metal on track for weekly losses. In the industrial metals sector, copper prices also […]
Asian Stocks Climb on Eased Recession Worries, Positive China Inflation Data
Asian Stocks Climb on Eased Recession Worries, Positive China Inflation Data Asian stock markets saw gains on Friday as fears of an imminent U.S. recession eased, bolstered by mildly encouraging inflation data from China, which lifted investor sentiment. However, despite the upbeat session, regional markets were still on track to post weekly losses, having experienced […]
Australian Dollar Appreciates Amid Hawkish Sentiment Surrounding RBA
Australian Dollar Appreciates Amid Hawkish Sentiment Surrounding RBA The Australian Dollar (AUD) strengthened against the US Dollar (USD) following comments from Reserve Bank of Australia (RBA) Governor Michele Bullock on Thursday. Bullock emphasized the need to remain vigilant about inflation risks, indicating the possibility of further rate hikes if necessary. She noted that inflation might […]
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength
EUR/USD Continues to Decline Near 1.0900 Amid US Dollar Strength The EUR/USD pair is trading lower around 1.0915 after pulling back from seven-month highs near 1.1008 during the Asian session on Wednesday. A stronger US Dollar (USD) is putting downward pressure on the pair. Investors are now looking ahead to Germany’s June Trade Balance and […]