Macro Calendar – UK Labor Market, ZEW Sentiment, and Wall Street Giants’ Reports
Macro Calendar – UK Labor Market, ZEW Sentiment, and Wall Street Giants’ Reports
Tuesday’s session is marked by monetary policy stabilization in Asia, where the People’s Bank of China left benchmark loan rates unchanged. In Europe, investors will focus on morning UK labor market readings and ZEW institute indices from Germany and the eurozone, which will outline economic sentiment amid industrial challenges. In the United States, attention will […]
by Currency Hedger
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- 3 weeks ago
AUD, Market Analysis, Technical Analysis
Australian Dollar holds onto gains against US Dollar, PBoC leaves rates steady
The Australian Dollar (AUD) holds onto two-day gains at around 0.6985 against the US Dollar (USD) during the early European trade on Tuesday. The Aussie pair reflects strength as the US Dollar remains under pressure due to Artificial Intelligence (AI) jitters. US Dollar Price Last 7 Days The table below shows the percentage change of […]
by Currency Hedger
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- 3 weeks ago
EUR, JPY, Market Analysis, Technical Analysis
EUR/JPY Price Forecast: Softens below 178.00, bearish outlook remains intact under 100-day SMA
The EUR/JPY cross trades with mild losses near 177.70 during the early European trading hours on Tuesday. The Euro (EUR) weakens against the Japanese Yen (JPY) as street riots in France raise concerns over political stability. Zew Surveys from Germany and the Eurozone will be released later on Tuesday. Also, European Central Bank (ECB) policymaker […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis
GBP/USD Price Forecast: Reflects strength above 20-day EMA ahead of UK job data
The British Pound (GBP) is up 0.22% higher at around 1.3333 against the US Dollar (USD) during the Asian session on Tuesday. The GBP/USD pair trades higher ahead of the United Kingdom (UK) labor market data for three months ending August, which will be published at 06:00 GMT. According to estimates, the ILO Unemployment Rate […]
by Currency Hedger
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- 3 weeks ago
CHF, Market Analysis, Technical Analysis
Swiss Franc gains as US Dollar weakens on Fed rate pause bets
USD/CHF depreciates after posting modest gains the previous day, trading around 0.8250 during Asian hours on Tuesday. The pair loses ground as the US Dollar (USD) weakens under growing market expectations that the Federal Reserve (Fed) will leave interest rates unchanged. Fed Chair Kevin Warsh expressed optimism last week regarding the resilience of the US […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Metals
XAG/USD rises to near $57.50 despite rising inflation concerns
Silver price (XAG/USD) gains ground for the second successive day, trading around $57.40 per troy ounce during Asian hours on Tuesday. However, Silver prices may fall as higher oil prices boost inflation concerns and reinforce expectations of tighter monetary policy. Oil jumps on Strait of Hormuz shipping attacks Analysts at Rabobank report that oil prices […]
by Currency Hedger
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- 3 weeks ago
EUR, Market Analysis, Technical Analysis
EUR/USD Price Forecast: Multiple headwinds for Euro backs downside bias
The Euro (EUR) is up 0.15% at around 1.1230 against the US Dollar (USD) during the Asian trading session on Tuesday. The major currency pair gains as the US Dollar is under pressure ahead of Meta Q3 earnings on Wednesday. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six […]
by Currency Hedger
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- 3 weeks ago
Market Analysis, Technical Analysis, USD
United States Dollar Index weakens below 102.00 as traders assess Fed rate outlook
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.80 in the early European trading hours on Tuesday. The DXY declines as traders continue to assess the outlook for US interest rates ahead of next week’s Federal Reserve […]
by Currency Hedger
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- 3 weeks ago
CAD, Market Analysis
Canadian Dollar rallies as oil prices rise, US Dollar softens
USD/CAD extends its losses for the fourth successive day, trading around 1.4090 during Asian hours on Tuesday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from an upside in oil prices. Crude oil prices advance as market traders weigh escalating geopolitical conflicts in the Middle East and Eastern Europe. In the […]
by Currency Hedger
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- 3 weeks ago
KRW, Market Analysis, Technical Analysis, USD
Currency Forecast: South Korean Won Leads FX Gains as US Dollar Index Falls 0.21%
The South Korean won is leading the latest foreign-exchange market gains, appreciating by 0.47%, as the Norwegian krone, Swedish krona, British pound, euro and Japanese yen also strengthen. The US dollar index is down 0.21%, placing the dollar on the losing side of the latest currency moves and providing a more supportive backdrop for several […]
by Currency Hedger
- 0 Comments
- 3 weeks ago