USD/CHF may gain ground due to the hawkish policy shift by the Federal Reserve. The latest ISM services report indicated higher activity and rising prices, fueling concerns about persistent inflation in the United States. The Swiss 10-year bond yield climbed to 0.37%, marking its highest level in over a month. USD/CHF steadies following gains from…
The Australian Dollar holds gains following the PMI data release on Monday. The Caixin China Services PMI increased to 52.2 in December 2024, up from the previous reading of 51.5. The US Dollar Index hovers near 109.00, close to recent highs. The Australian Dollar (AUD) extends its gains for the third successive session against the…
The Australian Dollar rises as the Financial Times reported that the PBoC is signaling potential rate cuts this year. The AUD recovered from two-year lows as stronger commodity prices provided support, particularly Oil and Gold. The US Dollar Index surged to a new multi-year high of 109.56 following the release of Jobless Claims on Thursday….
USD/JPY depreciates as traders assess the market sentiment of the BoJ raising interest rates in January. The Japanese Yen is set to decline more than 10% against the US Dollar in 2024. US Treasury yields fell by approximately 2% with 2-year and 10-year yields at 4.24% and 4.53%, respectively, on Monday. USD/JPY extends its losses…
Markets are struggling to find a reason to move too much in either direction ahead of the New Year’s market closures, which will see most global exchanges shuttered during the middle of the trading week. Here’s what you need to know heading into Tuesday, December 31 The US Dollar Index (DXY) churned in place on…
The Japanese Yen gains ground as traders expect the BoJ to deliver an interest rate hike in January. Japan’s Jibun Bank Manufacturing PMI reached 49.6 in December, exceeding the expected 49.5 and prior 49.0 readings. The US Dollar remains subdued as US Treasury yields decline, with the 2- and 10-year at 4.32% and 4.62%, respectively….
EUR/USD appreciates as traders expect the ECB to delay its further rate cuts due to a recent uptick in inflation. ECB’s Holzmann said that Trump’s tariffs lead to a slowdown in growth overall, but also create inflationary pressure.” The latest FOMC Dot Plot anticipates only two rate cuts, down from the previously forecasted four. EUR/USD…
Aussie dips to 0.6215 on a quiet Friday session. Year-end lull keeps markets subdued. RBA dovish bets rise amid easing inflation and mixed economic outlook. The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in Friday’s session. The Aussie struggles for direction as global market activity remains muted,…
EUR/USD trades with a mild negative bias to around 1.0415 in Friday’s Asian session. The US Initial Jobless Claims declined to the lowest in a month last week. The dovish ECB bets might weigh on the Euro in the near term. The EUR/USD pair drifts lower to around 1.0415 during the Asian trading on Friday. Trading…
GBP/USD trades near 1.2570 as volume remains low during the holiday week. The US Dollar Index DXY stays stable around 108.15, showing little movement. Fed’s gradual interest rate cuts expectations weigh on the Greenback. The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to…