Currencies

The ECB slashed rates for second time but did not hint at any acceleration of its easing and the pair rose as markets expect aggressive cuts from its US counterpart

The pair is cautious at pivotal support cluster after a poor weekly start, as markets brace for Wednesday’s US inflation update and Thursday’s ECB rate decision

Despite the favorable monetary policy differential, USD/CAD dropped after the central bank of Canada lowered rates by 0.25%, while Friday’s US NFPs loom

The pair rebounded over the past few days, but today’s moderation in Swiss inflation is unable to add momentum

The pair trades with caution at multi-month highs as Australian CPI report came in hotter than anticipated, but also showed significant moderation

The pair reached new highs after Fed Chair Powell signaled a pivot, but market pricing appears aggressive and the ECB is ahead in monetary easing

The pair is ion risk of new 2024 lows after Fed Chair Powell opened the door to a September rate cut, whereas his Japanese counterpart kept more hikes in play

The EZ wage growth deceleration helps the case for another cut in September and although its UK counterpart pivoted this month, a back-back-to-back cut does not look easy

The pair found little help from the slowdown in Canadian CPI that strengthens the case for further easing, as optimism for Fed cuts prevails ahead of Fed Chair Powell speech

The pair runs its third straight profitable week, helped by aggressive Fed rate cut expectations and hawkish stance by the Reserve Bank of Australia

Gold prices have surged past $2,500 per ounce, driven by a weakening dollar and expectations of potential Federal Reserve rate cuts. Spot gold is trading around $2,500, with a peak at $2,510, marking a 20% rise this year. This increase is fueled by weak U.S. economic data, including disappointing housing figures and lower-than-expected inflation, which have heightened expectations for a September rate cut. Additionally, geopolitical tensions and significant central-bank purchases…