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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…
The pair accelerated its demise after soft US jobs report boosted calls for aggressive fed cuts and the BoJ stepped up its tightening efforts, but rebounds today on dovish BoJ commentary
The pair trades with caution against a volatile monetary policy backdrop, following last week’s apprehensive ECB and ahead of US inflation update
FXCM’s USDOLLAR basket has dropped over 1.13% this month, hitting its lowest levels since March. This decline is primarily due to continued dollar selling following recent disinflationary US price data and coinciding with a decline in the US 10-year real rate to below 2%. Federal Reserve member Christopher Waller indicated that softer US price data has paved the way for potential rate cuts, suggesting a bumpy path ahead. A significant…
Gold surged on Tuesday, reaching new record highs as expectations for US interest-rate cuts bolstered prices. Analysts foresee long-term gains for the precious metal, driven by the Federal Reserve's preparations to cut rates, believing inflation is under control. This anticipation has weakened the dollar and Treasury yields, enhancing gold's appeal. Gold rose by $46, or 1.9%, to close at $2,468.70 an ounce, surpassing previous records.
The pair registered a sharp fall on Thursday following cooler US inflation, in a move that that has markets guessing if Japanese authorities intervened again
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