The U.K. will start a busy calendar week with its latest employment data. What are the markets expecting for the results and which components can influence the British pound’s intraweek trends? We have the deets right here: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily…
Westpac’s 1 – 3 month view on the Australian dollar, in very brief. This is a great summary of where we are at where we are going: Conditions remain very unsettled, and AUD/USD looks set to remain choppy and challenging. Further “volatility shocks” can’t be ruled out, which would see a retest of the 0.63-0.64 zone. At the same…
GBP/USD attracts some sellers on Monday amid a modest USD uptick. Geopolitical risks turn out to be a key factor benefitting the Greenback. Dovish Fed expectations should cap the buck and limit further downside. The GBP/USD pair kicks off the new week on a weaker note and for now, seems to have stalled a two-day-old recovery from the 1.2665…
Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management spoke on Friday, says upside ahead for equities. Citing: Federal interest-rate cut ahead solid growth backdrop “Because of this, I think the markets can be supported” “There are also some contrarian buy signals that are emerging.” “With economic and earnings fundamentals still good and the Fed…
Australia CFTC AUD NC Net Positions: $-40.2K vs previous $-31.4K
Makoto Sakurai is a former Bank of Japan monetary board member. says the Bank of Japan will not be able to hike again in 2024 predicts a rate hike by March 2025 If he is right it’ll be a positive for calming markets and the Nikkei. ps. Today is a market holiday in Japan – closed on Monday, August…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
This week our currency strategists decided to focus on the Reserve Bank of Australia monetary policy statement and the latest jobs data from New Zealand for this week’s price outlook discussions. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Mexican Peso’s demand increases despite Banxico’s surprising decision. Banxico lowers rates by 25 bps in a 3-2 split decision. Central bank signals further easing ahead despite inflation risks and growth concerns. Core inflation continues to decline, projected to dip below 4% by Q4 2024. The Mexican Peso advanced for the third straight day following a surprising monetary policy decision…
