The USD/CAD pair consolidates below the 1.3800 mark during the Asian session on Friday and remains close to a nearly two-week low, touched the previous day.
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The GBP/JPY tanks amid speculation of intervention by Japanese authorities in the FX markets, driven by a rate check by Tokyo. The cross-pair drops more than 300 pips, trades at 210.92, down by more than 1.40%.
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The Australian Dollar rises against the US Dollar on Thursday as Fed Governor Waller turns moderately dovish ahead of the September meeting, even as Oil prices rise due to a resumption of hostilities in the Middle East. The AUD/USD trades at 0.7200, up 0.44%.
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Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
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Forecasting the USCrude price requires taking into account fundamental, geopolitical, and technical factors. The dynamics of crude oil not only shape the global economic environment but also depend heavily on exporting countries’ decisions, macroeconomic indicators, and unexpected events. In this review, we will examine the outlook for oil prices over the upcoming trading sessions, assess prospects for the week ahead, and outline key benchmarks for the coming month. The forecast takes into account the current supply-demand balance, speculative positioning, and the latest geopolitical developments. Expert Technical Analysis for USCrude for Today The 4-hour chart shows the following signals: A series… Read full author’s opinion and review in blog of #LiteFinance
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The Dow Jones Industrial Average closed just under 53,700 on Thursday, up roughly 620 points and close to 1.2%, its strongest session since August 4, after a Fed governor said he would be inclined to support holding rates at the September 15-16 meeting if the next two weeks of inflation data behave.
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Commerzbank’s Singapore-based team highlights robust Singapore manufacturing and electronics PMIs, supported by an AI-driven semiconductor cycle, alongside upgraded MAS Survey GDP and export forecasts.
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Will the same causes produce the same effects? In other words, will the war in Iran and the resulting surge in oil and gas prices lead to an inflationary shock comparable to that seen in 2022?
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Bitcoin (BTC) strongly rises to trade above the pivotal $80,000 level on Thursday. The Crypto King is rallying alongside broader cryptocurrency prices following the release of the United States (US) Services PMI.
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BNY’s Geoff Yu highlights strong Japanese Yen flows and a declining USD/JPY as markets hesitate to challenge Japanese and U.S. authorities. He argues that heavy post-intervention selling has largely run its course and that around 160 in USD/JPY now acts as a practical intervention ceiling.
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Expectations that the RBA would resume its rate-hiking cycle, combined with the Australian dollar’s status as a commodity currency, had allowed the aussie to steadily strengthen. However, Kevin Warsh’s hawkish speech at Jackson Hole turned the outlook on its head. Let’s analyze the situation and develop a trading plan for the AUD/USD pair. Major Takeaways A cash rate hike is expected in September or November. The Fed’s intention to raise rates triggered a decline in the AUD/USD pair. The aussie rose due to its status as a commodity currency. Short positions on the AUD/USD can be opened below 0.715. Weekly… Read full author’s opinion and review in blog of #LiteFinance
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The US stock market is experiencing a buoyant Thursday as all three major equity indices rose more than 1% by lunchtime in New York. Equities were assisted by falling US Treasury yields, which came down across tenures but particularly in the 12-month and 2-year maturities.
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