Author: FX
President Trump remarked that Canada’s removal of retaliatory tariffs was “nice” and said he expects to have another call with Prime Minister Carney soon, emphasizing that he wants to be “good to Canada” and had a productive conversation yesterday.Turning to Russia, Trump noted that President Vladimir Putin “may be coming” to the World Cup and expressed displeasure over the recent strike on a Russian pipeline. He reiterated that in the next two weeks “we’ll find out which way Russia and Ukraine will go.”The comments highlight a striking contrast: Trump expressed enthusiasm about the prospect of hosting Putin at a sporting…
The NZDUSD fell sharply this week following the dovish RBNZ rate cut, which included a surprise downgrade in the central bank’s rate path expectations. The move lower drove the pair away from its 100-hour moving average, breaking below the 38.2% retracement of the April-to-July rise and undercutting the key swing area support at 0.5845–0.5860, which had acted as a solid floor earlier in the week.The decline extended to a weekly low near 0.5800, with today’s trough at 0.5799, just below the 50% midpoint of the April recovery at 0.5802. That level held as support, and the pair reversed higher in…
The weaker Baker Hughes rig count data for the current week is showing:Oil rigs -1 at 411Natural gas unchanged at 122Total Rig count -1 at 538. This article was written by Greg Michalowski at investinglive.com. Source link
The USDJPY fell sharply, breaking decisively below the 100-hour moving average at 147.775 and the 200-hour moving average at 147.57 (blue and green lines). That move immediately stripped away the bullish bias from a technical perspective and shifted control firmly to the sellers.The decline has since carried the pair into a key swing area/floor that has repeatedly slowed downside momentum since early August (see red numbered circles). The one exception came on August 14, when the level briefly broke before failing—buyers quickly re-entered on August 15 to lift the pair higher.Now back near that same support zone, price action is…
NZD/USD is up nearly 0.85% on Friday after briefly touching 0.5800, its lowest level since April 11.Powell balanced tariff-driven inflation risks with labor market weakness, signaling monetary policy recalibration.Markets price in a 90% probability of a September rate cut, up from 70% earlier in the day.The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on Friday, with NZD/USD rebounding from its lowest level since April 11 as traders reacted to Federal Reserve (Fed) Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. At the time of writing, the pair is trading near 0.5860, recovering sharply from an…
USD/CAD drops 0.49% to 1.3835 after Powell’s dovish Jackson Hole speech and upbeat Canadian Retail Sales.Powell: “Risks to inflation tilted to upside, risks to employment to downside — a challenging situation.”Markets now price in 50 bps easing by year-end, with September cut odds rising from 75% to 90%.USD/CAD tumbles over 0.49% during the North American session as Fed Chair Jerome Powell leaned dovish and strong Canadian Retail Sales boosted the Loonie. At the time of writing, the pair trades at 1.3835 after hitting a daily high of 1.3924.Fed Chair’s remarks lift rate cut bets while robust Canada data boosts LoonieAt…
USD/JPY drops nearly 1% to 146.66 as traders react to Powell’s Jackson Hole remarks, retreating from an intraday high of 148.78.Fed Chair Jerome Powell highlighted downside risks to jobs and uncertainty from higher tariffs, keeping a cautious but flexible policy stance.Markets sharply increased Fed rate cut bets; CME FedWatch now shows 90% probability of a 25 bps September cut, up from 70% earlier.The Japanese Yen (JPY) advances strongly against the US Dollar (USD) on Friday, with USD/JPY retreating from an intraday high of 148.78 to trade near 146.66, down almost 1% on the day. The pullback marks a reversal from…
GBP/USD jumps past 1.3500 as Powell leans dovish The GBP/USD rallies as the Fed Chair Jerome Powell takes the stand at the Jackson Hole Symposium. At the time of writing, the pair trades above 1.3500 after Powell hints that the Fed might be ready to resume its easing cycle. Read More… Pound Sterling trades lower ahead of Fed Powell’s speech at Jackson Hole Symposium The Pound Sterling (GBP) posts a fresh two-week low around 1.3400 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair extends its losing streak for the fifth trading day as the US Dollar continues to outperform…
Dovish Federal Reserve Chair Powell’s words put the US Dollar in sell-off mode.Wall Street rallies on fresh hopes for a September interest rate cut.EUR/USD regains the 1.1700 mark, aims to retest the 1.1730 level.The US Dollar (USD) collapsed as Federal Reserve (Fed) Chair Jerome Powell delivered his speech at a Jackson Hole Symposium, with EUR/USD peaking at 1.1707, up roughly 100 pips in the last few minutes on Friday.Powell surprised investors with a much more dovish tone than usual, as he started noting that the downside risks to the labor market are rising. But he also noted that tariff-related inflation…
Silver extends gains for the third consecutive day, trading around $38.70, up 1.2% on Friday.Fed Chair Powell’s Jackson Hole remarks highlighted rising downside risks to jobs and tariff-driven inflation, reinforcing a cautious but flexible monetary policy stance.Markets interpret remarks as dovish; CME FedWatch shows 90% cut probability in September, up from 70% earlier in the day.Silver (XAG/USD) rallies sharply on Friday, rebounding from an intraday low of $37.70 to trade near $38.70, up around 1.40% on the day. The move came as traders repositioned after Federal Reserve (Fed) Chair Jerome Powell struck a cautious but flexible tone in his Jackson…