Author: FX

UK Chancellor Rachel Reeves vowed to smooth the path for further Bank of England interest rate cuts, according to the Financial Times.She said her upcoming Budget would focus on curbing inflation and reducing the cost of living.Reeves told the FT she is determined to get a grip on borrowing and will include measures to cut household bills, creating room for the BoE to deliver more rate cuts in the coming months. This article was written by Greg Michalowski at investinglive.com. Source link

The Swiss Franc (CHF) weakens against the US Dollar (USD) on Tuesday, as the Greenback extends gains and fading risk aversion curbs demand for the Franc. At the time of writing, USD/CHF trades around 0.7960, up nearly 0.43% on the day, recovering modestly after briefly touching a one-month low near 0.7873 last week.The Greenback strengthens across the board amid hopes of easing trade tensions between the United States (US) and China. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is hovering around one-week highs near 98.90, extending gains for the third…

If you’ve been glued to the news this month, you’re likely witnessing the frustrating uncertainty caused by the ongoing U.S. government shutdown. Key official releases like the highly-anticipated Non-Farm Payrolls (NFP) jobs report and the top-tier Consumer Price Index (CPI) inflation data have been delayed for weeks now. In this economic data “guessing game,” traders and the Federal Reserve are desperate for reliable information. This is why a simple monthly survey you might have ignored before can suddenly be the most important number on the calendar: the Purchasing Managers’ Index (PMI). Understanding the PMI report, why it’s a leading indicator,…

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Gold was rejected at the $4,380 area for the second time on Monday, and the precious metal has lost more than $100 on Tuesday, reverting the previous day’s gains, with precious metals hammered by an improving market sentiment and a stronger US Dollar.US President Trump calmed markets on Monday, announcing that he is planning to meet Chinese President Xi next week, and that he is convinced that they will reach a “fair deal”. Trumpo also played down risks of friction on the Taiwan Issue as, he said, China is not planning to invade Taiwan. Technical Analysis: Potential Double Top at $4,380The…

Fundamental OverviewThe USD strengthened a bit on Friday following some positive Trump’s comments on China as Treasury yields bounced and erased the Thursday’s losses. Overall, the US dollar performance has been mixed as markets have been driven by quick changes in risk sentiment since Trump’s tariffs threat. On the domestic side, the US government shutdown continues to delay many key US economic reports. The dollar “repricing trade” needs strong US data to keep going, especially on the labour market side, so any hiccup on that front is weighing on the greenback. The BLS will release the US CPI report on…

EUR/NZD looks ready to extend its weeks-long uptrend as bullish momentum stays intact. Will the pair make new October highs? Or will we see a bearish reversal? EUR/NZD 4-hour Forex Chart by TradingView The euro gained ground on the New Zealand dollar last week, helped by less dovish remarks from European Central Bank members and a lift from stronger European equities. Kiwi, meanwhile, stayed under pressure as renewed U.S.-China trade tension and shifting risk sentiment weighed on commodity currencies. That could all change this week, with European PMI reports on deck and traders eyeing any fresh updates on U.S.-China trade…

FX option expiries for Oct 21 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1600 1.2b1.1700 1.3b1.1800 1.4bGBP/USD: GBP amounts1.3270 1.2b1.3300 800m1.3650 2bUSD/JPY: USD amounts                                 AUD/USD: AUD amountsNZD/USD: NZD amountsEUR/GBP: EUR amounts         Source link

AUD/CAD is hitting a technical resistance after jumping from a previous support zone! Will the pair stick to its range? Or will we see a breakout in the next trading sessions? Here’s what we’re seeing on the 4-hour time frame: AUD/CAD 4-hour Forex Chart by TradingView The Australian dollar picked up a few pips against its Canadian cousin as easing U.S.-China trade tensions lifted overall sentiment, and rising gold prices gave the gold-linked comdoll an extra boost. The Loonie, on the other hand, struggled as oil prices slipped and domestic data came in mixed. That could all shift in the…

Hardline Takaichi wins lower house vote to shatter Japan’s glass ceiling and pivot to right Source link