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The US dollar remained steady today, providing some respite for the yen and other major currencies after rising to a seven-week high last week. Market participants are taking a moment to assess the future trajectory of US interest rates. Investors are awaiting the release of the minutes from the Fed’s September meeting today, which will reveal the discussions...

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The market is still waiting for data to be more certain about the next move of the US Federal Reserve (FED). Analyst Giovanni Staunovo of UBS said that since the payroll data was released last week, the market has been discussing whether the world's leading economy is in a soft landing scenario. Staunovo added that the upcoming inflation data will partly answer...

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The potential impact of a US Federal Reserve rate cut on USD/JPY is a key issue for investors and currency strategists, especially as we approach a potential Fed policy change in 2024. With the divergent monetary policies of the Fed and the Bank of Japan (BoJ), market participants are divided on whether a Fed rate cut will lead to a weaker USD/JPY.

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USD exchange rate today in the world The USD increased slightly compared to some major currencies in the last trading session, consolidating the gains at the beginning of the week, ahead of important inflation data. Safe-haven currencies such as the yen and Swiss franc also rose amid sharp declines in bank stocks, after the US Federal Reserve's managing director...

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Asian currencies broadly rose on Wednesday, benefiting from a weaker dollar. But regional markets are still coming off big losses over the past week amid weakening risk appetite. Dollar falls after presidential debate; CPI data expected

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Other Asian currencies are also rising this week amid growing confidence that the US Federal Reserve will start cutting interest rates from September. But labor market data is weak. announced on Wednesday partly caused risk aversion, as concerns about a US economic recession returned.

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The US dollar hovered near a seven-month low on Tuesday, with market participants predicting a possible interest rate cut by the Federal Reserve starting next month. All eyes are on Federal Reserve Chairman Jerome Powell's upcoming speech on Friday at the annual central banks meeting in Jackson Hole.

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The Reserve Bank of Australia considered raising interest rates in early August, recent meeting minutes showed, amid persistent concerns that persistent inflation will persist for longer. But the central bank decided to stay the course, keeping the base interest rate unchanged at 4.35%. Members of the central bank's interest rate-setting committee noted that the...

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Meanwhile, in phrases of today`s buying and selling session, we've an essential facts piece coming up, the device may be the May Core PCE Price Index. Expect the index to upward thrust 0.1 % need to be as compared to ultimate month so ultimate month's growth become 0.2%. On a 12 months-on-12 months basis, the index is anticipated to are available at +2.6% in May,...

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US Dollar declines eleven of the beyond 14 days- breaks multi-month uptrend / lows USD technical guide hurdle now in view- chance for rate inflection withinside the days in advance Resistance 104.08, ~104.40, 104.90s (key)- Support 103.49/60, 102.74/99 (key), 102.35 The US Dollar Index has plunged for eleven of the beyond 14 days (nowadays could entire 12) with a...

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Technical Outlook: In last month's Weekly Gold Price Forecast, we noted that XAU/USD has "consolidated just above the 75% parallel over the past month... For now, the immediate focus is on breaking 2300-2333 range break - losses should be limited to the median so that October's uptrend remains viable with a close above 2431 needed to mark a continuation of the...

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Technical Outlook: In remaining month`s US Dollar Technical Forecast we mentioned that DXY was, “buying and selling into confluent guide this week on the 52-week transferring average / 38.2% retracement of the December rally at 103.96-104.26 – searching out a response / feasible rate inflection right here over the following few days.” The index grew to become...

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DXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today

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Gold fee is buying and selling round 2362 USD. Technically, the fee is displaying a pullback from the preceding excessive, presently retesting the pleasant bullish channel assist sector fashioned on D1. If the fee holds the assist sector round 2,350 USD/ounce, there may be a excessive opportunity that the fee will hold to upward push to the resistance degree of...

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EURUSD: The EUR is still in a positive rising state and it is expected that in today's session, the prospect of an increase is still very high with the possibility of breaking through the 1.0820 threshold and reaching a higher target area above the 1.0900 area in the context of The USD is increasingly weakening. You can consider maintaining the buying position...

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🟢The global gold marketplace did now no longer differ tons in the course of the National Day holiday. Gold retained its preceding profits as expectancies that the United States Federal Reserve (Fed) could reduce hobby costs as early as September multiplied following vulnerable monetary statistics. 🟢In addition, currently launched statistics reinforces the...

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. USD: - The USD will be greatly influenced by JOLTs data on job vacancies and statements by Mr. Jerome Powell, Chairman of the US Federal Reserve (FED). - If JOLTs data shows a strong labor market and Mr. Powell appears optimistic about the economy, the USD could appreciate on expectations of higher interest rates. - In addition, if JOLTs data is weaker than...

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AUDUSD: The AUD the day past fell sharply from the resistance location round 0.6680. Still preserving round the buildup zone. Therefore, in today`s session, it's miles anticipated that AUDUSD will nonetheless fall to the 0.6600 location and can get better whilst it touches this guide zone. You can remember quick promoting with AUDUSD today.