Forex

NZD Outlook: ANZ’s Forecast for Next Week

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...

Fears Fail to Keep Gold Above $2,400: A Temporary Dip?

Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday....

Peso Pressure Ahead of Major MXN Events

Mexico's inflation data will be released Thursday morning, closely followed by the Central Bank of Mexico's interest rate decision in the afternoon. July's headline inflation in Mexico is expected to have accelerated to its highest level in over a year,...

Red Monday: Emergency rate cut needed?

US equities just experienced their worst day since 2022, with the S&P 500 dropping 3.0%, the Nasdaq falling 3.4%, and the Dow Jones Industrial Average plummeting by 1033 points. All sectors in the US saw declines, with mega-cap tech stocks...

Gold trade with Israel-Iran in Focus

Gold temporarily surged past $2,474 per ounce on Friday, marking a new record high, as a weak U.S. jobs report bolstered expectations of a dovish shift by the Federal Reserve. The U.S. economy added 114,000 jobs in July, significantly below...

AUD Drops Ahead of RBA Trading Opportunity

Australia's weaker-than-expected June core inflation report, released Wednesday, propelled the stock market to a new peak. However, the Australian dollar (AUD/USD) extended its losses, breaking below the crucial 0.65300 support level for the first time since early May....

Tight BOE 5-4 Vote on Rate Cut Hinges on Bailey’s Decision

A Reuters survey indicates that most economists anticipate the Bank of England (BOE) reducing interest rates at its August meeting. The poll revealed that over 80% of respondents expect a rate cut....

BOJ Decision Countdown: Potential 15-Basis Point Rate Hike Leaked

The Bank of Japan is reportedly considering a 15-basis point interest rate hike, surpassing market expectations of a 10-basis point increase or no change at all, according to NHK. This comes as the U.S. Federal Reserve contemplates a rate cut,...

Pressure Builds Ahead of Major Central Bank Marathon

It's a huge week for central banks with the Bank of Japan (BOJ), Federal Reserve (Fed), and Bank of England (BOE) set to deliver their decisions within a 32-hour window. Market activity remains largely subdued in anticipation....
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