Currency Talk
JPY, Market Analysis, Technical Analysis
Japanese Yen Slides to 156 as Hawkish Fed, Strong Dollar and BOJ Rate-Hike Expectations Drive Volatility
Today Markets Analysis: The Japanese yen remained under pressure on Thursday, trading around 156.1 per US dollar after three consecutive sessions of losses, as a stronger US dollar following the Federal Reserve’s latest rate decision temporarily outweighed expectations for further monetary tightening from the Bank of Japan. The Federal Reserve raised its benchmark interest rate […]
by Currency Hedger
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- 2 weeks ago
EUR, Market Analysis, Technical Analysis, USD
EUR/USD Price Forecast: 1.1500 to remain key support level for Fed’s Day
The Euro (EUR) trades with caution at around 1.1545 against the US Dollar (USD) during the early European trading session on Wednesday. The major currency pair is expected to remain under pressure as the Federal Reserve (Fed) is scheduled to announce the monetary policy decision at 18:00 GMT. The Fed is widely anticipated to break its […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis
UK CPI could set stage for future rate hikes at Bank of England
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT. The inflation report could trigger volatility in the British Pound (GBP), as it comes just one day before the Bank of England (BoE) monetary policy decision. The central bank is expected […]
by Currency Hedger
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- 3 weeks ago
CHF, Technical Analysis, USD
USD/CHF Falls Toward 0.8180 Despite Fed Rate Hike Bets as Swiss Growth Outlook Improves
Today Markets Analysis: The US Dollar is losing ground against the Swiss Franc, with USD/CHF trading around 0.8180 on Wednesday, ending a five-session winning streak despite strong expectations for another Federal Reserve rate hike. The pair is being pulled in opposite directions. Hotter-than-expected US inflation has reinforced expectations for further Federal Reserve tightening, supporting the […]
by Currency Hedger
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- 3 weeks ago
INR, Technical Analysis, USD
USD/INR Near 96 as Fed Rate Hike and India Inflation Put Rupee Under Pressure
Today Markets Analysis: The Indian Rupee remains under pressure against the US Dollar, with USD/INR trading around 95.93 and close to a seven-week high near 96.00 as investors await the Federal Reserve’s latest monetary policy decision. Higher US Treasury yields, expectations for further Federal Reserve tightening and rising Indian inflation are creating a challenging backdrop […]
by Currency Hedger
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- 3 weeks ago
Currency Talk, USD
Rupiah Slides for 5th Session Ahead of Fed Decision
The Indonesian rupiah slipped past IDR 17,700 per U.S. dollar on Wednesday, extending its losing streak to five sessions as the dollar index hit a one-month high ahead of the Fed’s policy decision. Markets widely expect the U.S. central bank to deliver its first rate hike in around three years, keeping the greenback supported and […]
by Currency Hedger
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- 3 weeks ago
AUD, Technical Analysis, USD
Australian Dollar Holds Near Four-Week Low as Fed Decision Looms
Today Markets Analysis: The Australian dollar steadied around $0.71, holding close to a four-week low as a stronger US dollar and rising Treasury yields continued to weigh on the currency ahead of the Federal Reserve’s policy decision. Markets widely expect the Fed to deliver a 25-basis-point rate increase, its first hike in around three years. […]
by Currency Hedger
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- 3 weeks ago
Currency Talk, Market Analysis, Technical Analysis
Bitcoin Slides Toward $75,000 as US Crypto Regulation Setback Hits Sentiment
Today Markets Analysis: Bitcoin fell toward $75,000 in mid-September, approaching a more than three-week low as investors reacted to the US Senate’s failure to advance a major cryptocurrency regulation bill. The Clarity Act failed to clear a procedural vote, with the measure receiving 49 votes in favour and 50 against, below the 60 votes required […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Technical Analysis, USD
Dollar Nears One-Month High as Fed Decision Takes Centre Stage
Today Markets Analysis: The US dollar index climbed toward 99.7 on Wednesday, approaching its highest level in a month as markets positioned ahead of the Federal Reserve’s latest policy decision. Expectations for a 25-basis-point rate hike remain firmly embedded in prices, with markets assigning roughly a 92% probability to the move. The focus is now […]
by Currency Hedger
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- 3 weeks ago
JPY, Technical Analysis, USD
Yen Slides Below 155 as Fed Strengthens Dollar Pressure
Today Markets Analysis: The Japanese yen weakened past 155 per dollar on Wednesday, extending its decline for a third consecutive session as traders positioned for an expected Federal Reserve rate hike. A stronger US dollar has increased pressure on the yen, while higher oil prices are adding another headwind by raising energy import costs for […]
by Currency Hedger
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- 3 weeks ago