Author: FX
GBP/USD slips as US Dollar steadies ahead of Fed, BoE meetings The Pound Sterling (GBP) retreats during the North American session on Friday by a modest 0.10% as the US Dollar (USD) recovers some ground, after a week that witnessed US inflation remaining steady above the Fed’s 2% goal but controlled. GBP/USD trades at 1.3556 after hitting a daily high of 1.3580. The latest consumer and producer price inflation in the US provided a green light to the Fed to resume its easing cycle, as prices, although they remain high, stay below the 3% threshold. Next week, the Federal Reserve…
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…
EUR/USD rebounds from intraday lows near 1.1700 but remains under pressure.UoM Consumer Sentiment drops to 55.4, missing estimates and marking a four-month low.Russia and Belarus launched the Zapad-2025 military drills on Friday, prompting Poland to close border crossings with Belarus.The Euro (EUR) trades on the back foot against the US Dollar (USD) on Friday, with EUR/USD hovering around 1.1720, stabilizing after dipping to intraday lows near 1.1700.The mild recovery comes as the Greenback eases from session highs after the University of Michigan’s preliminary September survey revealed weakening consumer confidence alongside sticky inflation expectations.The headline Consumer Sentiment Index fell to 55.4…
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GBP/USD eases after a daily high of 1.3580, as the US Dollar recovers despite softer US sentiment and sticky inflation.Fed is expected to cut 25 bps next week, with SEP clarifying forward guidance; Deutsche Bank sees three cuts in 2025.UK GDP stagnates in July, while the BoE is likely to hold rates at 4%, narrowing policy divergence with the Fed.The Pound Sterling (GBP) retreats during the North American session on Friday by a modest 0.10% as the US Dollar (USD) recovers some ground, after a week that witnessed US inflation remaining steady above the Fed’s 2% goal but controlled. GBP/USD…
The British Pound (GBP) retreated slightly against the US Dollar (USD) on Friday, with the GBP/USD pair trading around 1.3555, down 0.1% on the day, correcting after the previous day’s rebound.The GBP remains under pressure in the forex market, however, held back by persistent concerns over the health of the UK labour market ahead of next Tuesday’s release of key employment statistics.Forex investors are awaiting this data with caution as the Bank of England (BoE), which holds its monetary policy meeting next week, could adjust its rate-cutting cycle in line with developments in the labour market.Against this backdrop, GBP/USD volatility…
Gold consolidates near $3,650, holding in a narrow range after this week’s record high near $3,675.Safe-haven demand remains strong, driven by global trade tension and geopolitical risk.Markets have fully priced in a 25 bps cut at the Fed’s September 17 meeting, a +90% probability says CME Fedwatch Tool.Gold (XAU/USD) is trading with a positive tone on Friday, consolidating near $3,650 mark after rebounding from Thursday’s pullback. The precious metal remains stuck in a narrow range after notching an all-time high near $3,675 earlier this week.Despite the sideways price action, Gold is on course for a fourth straight weekly gain, supported…
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…