The USD/CHF pair is currently trading around 0.8620 in the early European trading hours, marking the third consecutive day of negative territory. One of the primary factors influencing this downward trend is the weakening US Dollar. The anticipation of three quarter-point rate cuts by the Federal Reserve this year has contributed to the bearish sentiment
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The New Zealand Dollar has gained momentum in Tuesday’s Asian session, with positive risk sentiment weighing on the US Dollar and lifting NZD/USD. This increase in strength comes as investors await the PBoC rate decision ahead of Fedspeak on Tuesday. The People’s Bank of China (PBOC) recently left the one-year and five-year Loan Prime Rates
The USD/JPY pair has managed to gain some positive traction on Monday, but it is struggling to capitalize on the move. Despite reaching the 148.00 mark in the Asian session, the pair has dropped to a fresh daily low in the recent hours, trading below mid-147.00s. This vulnerability indicates a potential retracement slide from a
The NZD/JPY pair has experienced a mild increase, reaching a level of 89.30 and testing the important 20-day Simple Moving Average (SMA). This signifies a potential shift in the movement of the currency pair, as it hovers near this key technical indicator. Upon closer examination, it is evident that the Relative Strength Index (RSI) is
After the release of the University of Michigan’s Consumer Sentiment Index figures and the housing market data, the US Dollar (USD) showed a decline. Despite this, markets still maintain confidence in a potential cut in September. This confidence implies that investors are expecting further easing by the Federal Reserve (Fed) in the near future. The
The Australian Dollar (AUD) saw a rise against the US Dollar (USD), climbing to 0.6950. This increase was fueled by comments from Reserve Bank of Australia’s (RBA) Governor Michele Bullock, who maintained a hawkish stance. Despite mixed economic forecasts and rising inflation, the RBA’s commitment to its current policy stance has led to market expectations
Silver prices are influenced by a variety of factors, ranging from geopolitical instability to the behavior of the US Dollar. Geopolitical tensions or fears of a deep recession can drive up the price of Silver as investors seek out safe-haven assets. However, it is important to note that Silver’s status as a safe haven is
The AUD/JPY cross has gained momentum near 97.55 in Thursday’s Asian session, marking an increase of 0.36% on the day. This positive movement can be attributed to the improved Chinese July Retail Sales data, which has provided a boost to the Australian Dollar (AUD). The National Bureau of Statistics of China reported that China’s Retail
The recent data shows that the US Dollar Index (DXY) has been dropping to multi-day lows, hovering around 102.30. This can be attributed to the persisting disinflationary pressures in the US economy. Despite a busy economic calendar ahead, featuring various key data releases and Fed speeches, the Greenback seems to be struggling to gain momentum.
The USD/CHF pair has been trading positively for the second day in a row, hovering around 0.8670 during the Asian session. Investors are keeping an eye on the upcoming US July PPI report, which is expected to be released later in the day. There is a sense of caution in the market as traders await
The USD/CAD pair is currently trading around 1.3740 in the Asian session, showing a slight uptrend. Traders are in a holding pattern as they await key US economic data releases. The upcoming US Producer Price Index (PPI) report and the speech by the Federal Reserve’s Raphael W. Bostic are expected to provide fresh insights and
The AUD/USD pair recorded a significant increase during Monday’s trading session, settling near 0.6600. This surge can be attributed to the Reserve Bank of Australia’s (RBA) steadfast hawkish position, which has bolstered the Australian Dollar. Additionally, strong Chinese inflation data from the previous week has also contributed to the Aussie’s strength in the forex market.