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Microsoft leads Wall Street higher, lifted by AI mania and rate cut bets. But
will FOMC minutes spoil the party? Dollar slips to 3-month lows; aussie
surges on hawkish RBA, China boost.
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In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
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Dollar continues to drift lower ahead of Fed minutes tomorrow. Japanese yen recovers amid growing bets of foreign rate cuts. Oil prices bounce back on supply speculation, gold steadies.
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Markets think the Fed is done after US data misses. Selloff in crude oil
further fuels rate cut bets amid supply glut fears. But dollar seesaws while
earnings caution weighs on stocks.
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Fed minutes on Tuesday will be scrutinized for clues on rate path. Eurozone business surveys to shed some light on recession risks. Japanese inflation stats also in focus as yen remains fragile.
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Fed rate cut bets scaled back after upbeat US data. Wall Street rally loses steam, dollar edges up as yields rebound. Global growth worries and disappointing US-China summit also dent mood.
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Slowing US inflation confirms view that Fed is done with hikes. Aussie and kiwi gain the most on bolstering risk sentiment. Pound pulls slightly back on lower-than-expected UK inflation. Wall Street rallies as investors cheer US inflation data.
Yen falls to lowest levels in a year as stock markets soar. Dollar mostly ignores Moody’s credit outlook downgrade. Gold nurses losses, waiting for tomorrow’s US inflation stats.
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Yen spikes, but ends Monday as the main loser. Dollar traders lock gaze on US inflation data. UK jobs report beats estimates, CPIs the pound’s next test. Wall Street ends mixed, awaits US CPI figures.
Yen falls to lowest levels in a year as stock markets soar. Dollar mostly ignores Moody’s credit outlook downgrade. Gold nurses losses, waiting for tomorrow’s US inflation stats.
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Yen falls to lowest levels in a year as stock markets soar. Dollar mostly ignores Moody’s credit outlook downgrade. Gold nurses losses, waiting for tomorrow’s US inflation stats.
Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.
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Fed chief Powell says ‘won’t hesitate’ to tighten further. Dollar extends recovery as US yields rise, pushing equities down. Gold gains despite unfavorable setup - central bank purchases?
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US inflation numbers the next event to shake Fed bets. Pound traders lock gaze on CPIs after BoE’s hawkish hold. Aussie awaits jobs report and Chinese data.
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