Author: FX
Australian Dollar declines as the US Dollar gains ground despite the rising likelihood of Fed rate cuts.Australia’s stronger July inflation reduced the chances of an imminent Reserve Bank of Australia rate cut.The CME FedWatch tool indicates that more than 89% of a 25-basis-point Fed rate cut is expected in September.The Australian Dollar (AUD) edges lower against the US Dollar (USD) following its five-day winning streak. Rising odds of a US Federal Reserve (Fed) rate cut in the September meeting weighed on the US Dollar (USD), which supported the AUD/USD pair. The United States (US) August ISM Manufacturing Purchasing Managers Index…
USD/CAD gains ground as the Greenback advances, driven by persistent inflationary pressures.The CME FedWatch tool indicates more than 89% of a 25-basis-point Fed rate cut in September.The Q2 GDP contraction has led markets to advance expectations for Bank of Canada policy easing.USD/CAD extends its gains for the second successive session, trading around 1.3750 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) is gaining ground as traders assess Friday’s United States (US) Personal Consumption Expenditures (PCE) Price Index, which signaled persistent inflationary pressures and heightened uncertainty over potential rate cuts. The August ISM Manufacturing Purchasing…
The Japanese Yen drifts lower for the third straight day amid the BoJ rate hike uncertainty.A modest USD rebound contributes to the USD/JPY pair’s positive move to a multi-day high.The divergent BoJ-Fed policy expectations might cap the pair ahead of key US macro data.The Japanese Yen (JPY) selling bias remains unabated through the early European session on Tuesday, which, along with a modest US Dollar (USD) rebound, lifts the USD/JPY pair to the 148.00 neighborhood in the last hour. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ), along with a…
With traders from the U.S. and Canada out enjoying the Labor Day holiday, how did financial markets fare during the first day of this brand new month? Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: U.S. Federal Appeals Court ruled that most of Trump’s tariffs are illegal, decision to be made by U.S. Supreme Court by October 14 China NBS Manufacturing PMI for August 2025: 49.4 (49.7 forecast; 49.3 previous) China NBS Non Manufacturing PMI for August 2025: 50.3 (50.4 forecast; 50.1 previous) New Zealand Building Permits for July 2025: 5.4% m/m…
US Dollar Index strengthens to around 97.80 in Tuesday’s early Asian session.Persistent geopolitical tensions boost the safe-haven flows, supporting the US Dollar. Rising Fed rate cut bets might cap the DXY’s upside. The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers some lost ground to near 97.80 during the early Asian trading hours on Tuesday. The US ISM Manufacturing Purchasing Managers Index (PMI) for August will be in the spotlight later on Tuesday. The DXY rebounds from the lowest level since 28 July amid ongoing geopolitical tensions between Russia and Ukraine. The Guardian…
Japan trade negotiator Ryosei Akazawa said on Tuesday that there has been no date set yet for his next visit to the United States (US). Akazawa added that there is no misunderstanding with the US on trade talks. Key quotesNo gap in understanding with the US on trade deal.Schedule of my next US visit not set yet.Seeking early executive order to lower car tariffs.Market reactionAt the time of press, the USD/JPY pair was up 0.29% on the day at 147.60. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers…
The Kijun Sen, often called the “baseline” in Ichimoku trading, works as a strong trend indicator by smoothing out price action over a set period. It acts as a reference point for whether the market is trending upward, downward, or moving sideways. On the other hand, the Envelope indicator places two bands above and below a moving average, capturing price volatility. When both are combined, traders can see not just the direction of the market but also how far the price may stretch from its average levels. Why This Indicator Stands Out Many indicators provide signals, but they often lag…
Morgan Stanley tips Fed for a dovish slam-dunk: three or more consecutive rate cuts coming Sees risks the Fed could cut rates more sharply than markets expect, potentially taking fed funds as low as 2.25% in 2025. investingLive Exclusive 32m ago Source link
Last September, the S&P 500 climbed 2% but that’s something of an outlier. Since the turn of the millennium, September is the worst month on the calendar for the index (by far).Now some of that is due to one-off events like the financial crisis hitting hard in September 2009 but it’s a historically bad month for stock markets by any measure. I attest some of that to the return of policymakers to work following the quiet summer period. They tend to make waves and not all of them are welcomed by markets. There is also a temptation to take profits…
PGIM Floating Rate Income ETF declares monthly distribution of $0.3155 Source link