Currencies

The pair surged earlier in the week to due to the soft US inflation report, but eases today despite strong wage and employment data from Australia

The pair posted its best day of the year on Tuesday on cool US inflation data, but faces headwinds today as the UK report also showed a significant deceleration

Watch today’s US Open for insights on the US Inflation deceleration, which boosts Wall Street, the rebound in oil prices and more

The pair found renewed vigor last week as Fed Chair Powell firmed up his rhetoric and now eyes levels not seen since 1990, with Tuesday’s US CPI inflation looming

GBP/USD slumped on Thursday as Fed Chair Powell firmed up his rhetoric and heads towards a losing week, but steadies today as the UK economy avoids a Q3 contraction according to preliminary data

Watch today’s US Open for insights on the encouraging results by entertainment giant Disney, Samsung’s generative AI step up, China’s deflationary pressures and more

The pair drops after its best week of the year, as the first hike since June by the Australian central bank was accompanied by a softer messaging around future moves

Watch today’s US Open for insights on the RBA’s dovish hike and the impact on AUD/USD, Nasdaq’s longest profitable streak of the year, key incoming earnings and more

Australia’s central bank raised rates to a 22-year high after four straight holds and raised its inflation forecasts, but also softened its language around the possibility of further moves

The jobs data on Friday has affected the real yield and this, in turn, has filtered through to other instruments. The non-farm employment change printed at 150K, which was lower than the 178K expected. Moreover, the previous print was revised lower to 297K. Average hourly earnings m/m were also lower than anticipated at 0.2% (0.3%), whilst the unemployment rate crept up to 3.9% from 3.8%.

The pair dropped after the Fed sounded more dovish than previously and the NFPs showed weakness, but finds support today, defending key tech levels