Forex

FOMC & 800K Fewer Jobs Dragging on Dollar

The dollar is under pressure, with persistent selling pressure driving it to new yearly lows across several currencies, including the pound. A recent revision of jobs data revealed that U.S. job growth was significantly weaker than initially reported, with 818,000...

Does the USD/JPY Bounce Have More to Give?

Credit Agricole anticipates a potential rally in USD/JPY this week, hinging on market reactions to Federal Reserve Chair Jerome Powell’s upcoming address at Jackson Hole. The bank suggests that traders might need to recalibrate their expectations for Fed rate cuts....

Asian Currencies May Stall as Jackson Hole Looms

Investors will be watching a series of key Asian central bank decisions and inflation reports this week, as regional currencies rally to annual highs. The Bank of Korea is set to announce its rate decision on Thursday, followed by inflation...

The Scenario for New EUR/USD 2024 Highs?

Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in...

What to Expect at Jackson Hole Next Week?

Traders will next hear from Federal Reserve Chair Jerome Powell during his highly anticipated address at the Jackson Hole Economic Symposium. The key question hanging over the market: Will Powell use this speech to pave the way for a potential...

Did You Miss Out on the Surprise NZD/USD Trade?

The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, sending the New Zealand dollar plunging by 1% against the U.S. dollar. The move caught markets off guard, as most analysts had anticipated the central bank...

AUD/USD Eyes Key Data After Breaking 0.6600

The AUD/USD extended its rally passed the critical 0.6600 mark to hit new three-week highs. Traders now turn their attention to the upcoming Australian Consumer Inflation Expectations and Unemployment. The pair faces immediate resistance at the 200-day moving average, followed...

4 Political Tensions Fueling Gold Prices

As gold aims to test record high again, let's look at some of the political issues possibly driving the price action. The Pentagon has dispatched a guided missile submarine and a carrier strike group, to the Middle East. This move...

Trading the Inflation Sandwich: What to Watch?

ANZ anticipates that the Reserve Bank of New Zealand (RBNZ) will maintain its current interest rates at the August 14 meeting but may signal potential rate cuts before the year ends. Although ANZ estimates a small 10-15% chance that the...
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