GBP/USD consolidates around mid-1.3000s, seems vulnerable amid bullish USD – FXStreet
GBP/USD remains close to its one-month low hit last week, with the US dollar gaining strength. Bets that the Fed's policy easing will be less aggressive and geopolitical risks are supporting gains. Expectations that the central bank's rate cutting cycle will accelerate have weighed on the pound, favoring the bears. The GBP/USD pair has struggled […]
Japanese Yen ticks lower against USD, remains close to over two-month low ahead of US PPI – FXStreet
Amid uncertainty about the Bank of Japan's interest rate hike, the Japanese yen has been unable to extend its overnight appreciation. A modest rise in the USD further supports USD/JPY regaining some positive traction on Friday. A weakening risk tone could limit the yen's losses ahead of the US PPI report and put a cap […]
Australian Dollar soft as a cautious market mood benefits the USD – FXStreet
The US dollar recovers amid the Middle East conflict. Last week's US NFP data tempered expectations for aggressive easing from the Fed. Minutes from the Reserve Bank of Australia's September policy meeting could stem the bleeding. AUD/USD fell 0.50% to 0.6765 on Monday, weighed down by a strong dollar and concerns over geopolitical tensions in […]
Scenarios for trading USD around the FOMC meeting – ForexLive
Below is an eFX summary of a note written by Nomura on the Fed and the US Dollar. For banking ideas, Check out eFX PlusFor a limited time, there's a 7-day free trial available. Basic costs $79/month, and Premium costs $109/month. Get it here. — Synopsis: Nomura expects the US dollar to strengthen initially following […]
USD/CAD holds steady above mid-1.3500s, eyes 200-day SMA amid modest USD strength – FXStreet
USD/CAD is regaining some positive momentum amid continued USD buying interest. Weak oil prices have weakened the Canadian dollar, providing further support to major currencies. Traders are now focused on a speech by Bank of Canada Governor Macklem ahead of the release of the U.S. Consumer Price Index on Wednesday. In the Asian session on […]
Trump 2.0: Why a soft USD policy is unlikely to work – Investing.com
Deutsche Bank Research takes a closer look at the practical challenges of implementing a soft US dollar policy in light of the potential policies of a second Trump administration. Analysts highlight the obstacles and limitations of such a strategy and argue that tariffs and the associated strong impact on the US dollar are likely to […]
Monday morning open levels – indicative forex prices – USD a touch stronger – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
ForexLive Asia-Pacific FX news wrap: USD carried on weaker – ForexLive
AUD TRADERS NOTES – Reserve Bank of Australia Deputy Governor Hauser is due to speak on the economic outlook tomorrow. US Commerce Secretary Gina Raimondo Announces $25 Billion Indo-Pacific Infrastructure Plan Keep an eye on Treasury Secretary Yellen’s speech on Thursday Bank of Japan Governor Nakamura: If consumption weakens, inflation may not reach 2% after […]
Poll predicts some mild weakness ahead for the USD – ForexLive
According to a Reuters poll, here are the future outlooks for the US Dollar, Japanese Yen and Euro: USD/JPY is expected to be around 145.00 in 12 months EUR/USD expected to hit 1.08 in 6 months and 1.10 in 12 months Reuters reported the comments from UBS Global Wealth Management. “We expect the dollar to […]
Forexlive Americas FX news wrap 9 May: USD reverses to the downside after weaker claims – ForexLive
The North American session was initially highlighted by the number of new weekly unemployment claims. Estimates were 231,000 to 215,000, beating expectations. This was the highest level since November 2023. It’s only been a week, and the spikes tend to be somewhat seasonal. Easter was early this year, so that may have had an effect. […]