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Currency Talk
Currency Talk, USD
Brazilian Real Weakens as Fed Hike Bets Rise
The Brazilian real weakened to around 5.205 per USD, nearing the one-month low of 5.21 touched on August 14, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as its inflation gauge, using firmer rhetoric than earlier suggestions that a newly […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Currency Talk, MXN, USD
Mexican Peso Weakens as Fed Hike Bets Rise
The Mexican peso weakened to around 17.04 per US dollar from the more than two-year low of 16.91 touched on August 21, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as its inflation gauge, using firmer rhetoric than earlier suggestions […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
AUD, USD
Australian Dollar tests three-month highs above 0.7200 with all eyes on Fed’s Warsh
The Australian Dollar (AUD) ticks higher for the fourth consecutive day against the US Dollar (USD) as investors brace for the Federal Reserve (Fed) Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later on Friday. The AUD/USD pair hit session highs at 0.7205 earlier on the day, its highest level since mid-May, although it is trading at […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
JPY, Technical Analysis, USD
Chart of The Day – USD/JPY Eyes 160.00 Again. Will FX Intervention Withstand The Pressure?
The Japanese yen was handed catalysts for gains in the form of higher Tokyo inflation and falling Japanese unemployment, yet it is losing ground against all G10 currencies. USDJPY is dangerously close to its post-intervention peak (160.00; today: +0.12% to 159.500), and a potential impulse following Kevin Warsh’s speech at Jackson Hole could test the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
EUR/GBP Price Trading sideways around 0.8500 amid fading bullish traction
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursday’s highs right below 0.8580, with the weekly chart showing marginal gains. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CHF, USD
Swiss Franc consolidates recent losses with the focus turning to Fed’s Warsh
The Swiss Franc (CHF) trades marginally lower against a somewhat firmer US Dollar (USD) on Friday, with market volatility subdued as investors await the speech of the Federal Reserve (Fed) Chairman, Kevin Warsh, at the Jackson Hole Symposium, due later on the day. The USD/CHF pair trades practically flat just below 0.8750, on track for a 0.45% […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Currency Talk
European Shares Slip Despite Nvidia-Fueled Tech Rally
European shares edged lower on Thursday, with the STOXX 50 falling 0.3% and the broader STOXX 600 down 0.4%, as a Nvidia-driven rally in technology stocks failed to offset broader market weakness. Oil prices also paused their recent decline, while uncertainty over a deal to reopen the Strait of Hormuz added to investor caution. AI-related […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Currency Talk, EUR
ECB Sees Future Hike as Likely as Inflation Risks Persist
All ECB policymakers agreed to leave rates unchanged at the July meeting, following the first rate hike since 2023 in June, citing elevated uncertainty and the fact that the full inflationary impact of the energy shock had yet to emerge, according to the latest minutes. However, some said they would not have opposed another hike, […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
Trade of The Day – GBP/USD
Facts: Recommendation: Trade: Short position on GBPUSD at market price Target: 1.3525, 1.3480 Stop: 1.3630 Opinion: GBPUSD has been trading in an upward trend recently. However the pair may be experiencing a trend reversal. Looking at the pair at the H1 interval, one can see that the price broke below the lower limit of the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Commodities, Currency Talk, Technical Analysis
Chart of The Day – Why is wheat gaining so strongly?
Wheat prices are currently driven by various overlapping geopolitical risks and rapidly deteriorating global harvest prospects. Recent gains have clearly accelerated, and US wheat contract quotes have reached the 751.1 USD level, making it one of the absolute commodity market leaders recently. How have wheat prices changed recently? Wheat prices are in an uptrend. In […]
by Currency Hedger
- 0 Comments
- 2 weeks ago