Pound Sterling gains further against US Dollar amid federal government shutdown risks
The Pound Sterling climbs to near 1.3445 against the US Dollar as the US government faces shutdown risks. BoE’s Dhingra supports quick interest rate cuts amid slowing UK job demand.…
AUD/USD jumps to near 0.6600 as Australian Dollar gains on cheerful market mood
AUD/USD climbs to near 0.6600 amid risk-on market mood. The Fed is widely anticipated to cut interest rates next week. Investors await key US PPI data for August. The AUD/USD…
USD/CHF consolidates ahead of key Swiss inflation, US employment data
USD/CHF trades sideways around 0.8040 ahead of key Swiss and US data for August. The Swiss inflation is expected to have remained flat again on a monthly basis. Soft US…
Pound Sterling rises against US Dollar as Fed Willians signals potential rate cuts
The Pound Sterling ticks up around 1.3500 against the US Dollar ahead of the second estimate of US Q2 GDP. Fed’s Williams sees the need for interest rate cuts amid…
AUD/USD slumps to near 0.6500 as RBA guides expansionary monetary policy path
AUD/USD falls sharply to near 0.6500 as the RBA guides a dovish monetary policy outlook. The RBA cut its OCR by 25 bps to 3.6%, as expected. Investors await the…
Pound Sterling starts the week on a positive note while traders eye UK-US data
The Pound Sterling gains to near 1.3480 against the US Dollar as firm expectations of Fed rate cuts weigh on the Greenback. Fed Governor Bowman said she sees three interest…
USD/CAD falls further to near 1.3730 as Fed officials support interest rate cuts this year
USD/CAD slides further to near 1.3730, extending losing streak for the third trading day on Thursday. A dovish monetary policy guidance from a few Fed officials has weighed on the…
Gold Price Forecast: XAU/USD returns above 20-day EMA as Fed dovish bets soar
Gold price rebounds above the 20-day EMA amid accelerating Fed interest rate cut bets. Soft US NFP data has weighed heavily on US Treasury yields. Gold price oscillates inside the…
EUR/USD finds temporary support near 1.1400 ahead
EUR/USD finds cushion near 1.1400, downside looks likely as the US Dollar trades firmly. Traders pare bets supporting interest rate cuts by the Fed in the September meeting. Investors await…
USD/CAD jumps to near 1.3750, investors await Fed’s and BoC’s monetary policy outcome
USD/CAD advances to near 1.3750 as the US Dollar continues to move higher. The tariff deal between the US and the EU has strengthened the US Dollar. Both the Fed…
