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Forex
Pound Sterling Price News and Forecast: GBP/USD declines as traders pare Fed large rate cut bets
The Pound Sterling (GBP) extends its two-day losing spree and posts a fresh intraday low below 1.3150 against the US Dollar (USD) in Friday’s North American …
EUR/USD: Eurozone headline CPI drops but services hotspot remains – Scotiabank
Eurozone August CPI rose a preliminary 0.2% in the month and was 2.2% higher over the year, down from 2.6% in July and in line with expectations, Scotiabank’s…
US Dollar in the green with Personal Spending outpacing other PCE components
The US Dollar eases on Friday after some hawkish ECB comments weighed on the DXY.
Traders see PCE not bearing any surprises.
The US Dollar Index popped…
USD/CAD: USD losses may resume below 1.3450/55 – Scotiabank
The CAD is trading marginally higher on the session, reflecting the bid for risk assets on the day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
CAD…
ZAR: Continuous improvement – Commerzbank
The South African Rand intraday reached a one-year high during yesterday's trading session, pushing USD/ZAR below the 17.7 level. However, the ZAR gave back…
NZD/USD: May try to breach 0.6290 – UOB Group
Instead of continuing to rise, New Zealand Dollar (NZD) is likely to trade in a range of 0.6230/0.6290. In the longer run, NZD is expected to continue to…
JPY: Mixed picture – Commerzbank
Data out of Japan this morning is mixed. On the one hand, inflation rose slightly more than expected, but on the other hand, the economy is still fragile, UOB…
US core PCE inflation could provide further insight into Federal Reserve September rate cut
The core Personal Consumption Expenditures Price Index is seen rising 0.2% MoM and 2.7% YoY in July.
Markets fully price in an interest-rate cut by the US…
Forex Today: US Dollar clings to weekly recovery gains ahead of PCE inflation
Here is what you need to know on Friday, August 30:
The US Dollar (USD) Index seems to have entered a consolidation phase slightly below 101.50 on Friday,…
Silver Price Forecast: XAG/USD rises to near $29.50 due to lower opportunity cost
Silver price gains ground as rising odds of a Fed rate cut reduce the opportunity cost of holding bullion assets.
Atlanta Fed President Raphael Bostic…