Author: FX
The Canadian Dollar gains traction against the US Dollar, with USD/CAD slipping below 1.3850.University of Michigan survey signals weaker consumer sentiment and expectations.BoC under pressure to ease, with economists forecasting a 25 bp rate cut on September 17 amid fragile domestic conditions.The Canadian Dollar (CAD) strengthens modestly against the US Dollar (USD) on Friday, with USD/CAD hovering around 1.3840 during the American session. The pair is on track to record its second consecutive weekly gain, as the Greenback steadies following Thursday’s Consumer Price Index (CPI)-induced decline.Fresh data from the University of Michigan underscored a cooling in household confidence. The University…
Consumer confidence in the US deteriorated further in September, with the University of Michigan’s Consumer Sentiment Index dropping to 55.4 in its preliminary estimate from 58.2 in August. This reading came in worse than the market expectation of 58.Other details of the publication showed that the Consumer Current Conditions Index edged lower to 61.2 from 61.7, while the Consumer Expectations Index declined to 51.8 from 55.9.Finally, the 1-year Consumer Inflation Expectation remained unchanged at 4.8% and the 5-year Inflation Expectation rose to 3.9% from 3.5%.Market reaction to UoM Consumer Sentiment Index dataThe US Dollar (USD) Index retreated from session highs…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
The Australian Dollar (AUD) traded slightly lower on Friday, below 0.6650 against the US Dollar (USD), losing 0.15% over the session. Caution dominates trading ahead of the weekend as traders await Monday’s release of key Industrial Production and Retail Sales data from China, Australia’s main trading partner.This Forex session is thus marked by contained volatility on the AUD/USD, in contrast to Thursday’s session, which was shaken by US inflation data.If the Chinese data disappoint on Monday, they could rekindle concerns about Chinese demand for raw materials, a historic driver of the Australian Dollar, and prompt investors to reduce their exposure…
EUR/GBP trades mildly positive near 0.8650, after failing to hold gains above 0.8660.UK GDP flat in July, Industrial and Manufacturing Output disappoint.Focus shifts to UK jobs data on Tuesday, CPI on Wednesday and the BoE policy decision on Thursday.The Euro (EUR) trades with a mild positive tone against the British Pound (GBP) on Friday, with EUR/GBP paring earlier gains after failing to sustain momentum above 0.8660. At the time of writing, the cross is trading around 0.8650 as investors digest sluggish UK Gross Domestic Product (GDP) data alongside cautious commentary from the European Central Bank (ECB).The latest Office for National…
GBP/USD Forecast: Pound Sterling stabilizes ahead of US dataGBP/USD stays under modest bearish pressure and trades at around 1.3550 after gaining about 0.3% on Thursday. Although the technical outlook is yet to point to a buildup in bearish momentum, the pair could find it difficult to hold its ground in case safe-haven flows dominate the action in financial markets heading into the weekend.The US Dollar (USD) weakened against its rivals and allowed GBP/USD to stretch higher following the mixed macroeconomic data releases on Thursday. Read more…GBP/USD bullish bias intact after CPIToday’s US CPI release came in line with market forecasts,…
China has a new overcapacity fix: stern lectures Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
Erbud H1 2025 Presentation: Strong Q2 Recovery Drives 15% Revenue Growth Source link
The U.S. economy saw an uptick in its August CPI figure from 2.7% year-on-year to 2.9% as expected while the core version of the report also came in line with consensus, according to data released by the Bureau of Labor Statistics. On a monthly basis, the headline CPI rose 0.4% in August 2025, marking the largest monthly increase since January. The reading exceeded economist expectations of 0.3% and highlighted persistent price pressures across multiple sectors. Key Takeaways Headline CPI: Rose 0.4% month-over-month, up from 0.2% in July; annual rate climbed to 2.9% from 2.7% Core CPI: Increased 0.3% monthly, matching July’s…