Futures markets reflect an 84% probability of unchanged Fed rates next week and a 90% chance of a December hike.
Wide US-Japan yield spreads and a cautious BoJ stance keep JPY buyers restrained, while falling US yields cap broader USD strength. Technically, USD/JPY remains below the 100-day SMA at 159.39 and the ...
USD/CAD extended its decline for the sixth consecutive session, hovering around 1.4040 in Asian trading on Thursday. The pair came under pressure as the Canadian Dollar (CAD) gained ground, supported ...
The latest 5-hour bar in copper has produced a fresh doji at $6.5963, underscoring a temporary deadlock between buyers and sellers. Price action is boxed in, with firm support anchored at $6.52 and ...
Robinhood Markets, Inc. (NASDAQ:HOOD) moved higher in pre-market action, rising 1.6% after Rosenblatt Securities began coverage with a Buy rating and a $135 price target. Rosenblatt argued that the ...
AUD/JPY traded near 110.90 in Wednesday’s early European session, extending gains above 110.50. Market expectations for a Bank of Japan rate increase to 1.50% in December are seen capping upside below ...
Societe Generale is assessing the recent behavior of USD/ZAR following a rebound that lifted the pair back above its 200-day moving average (200-DMA). After this move, USD/ZAR recorded an interim peak ...
The rebound in oil prices comes on top of strong US inflation data released last week, reinforcing market expectations for another Fed rate increase. According to the CME Group’s FedWatch Tool, ...
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding relatively steady on Wednesday after closing higher the previous day. The modest rebound across the three largest cryptocurrencies points to ...
The RBI seeks to maintain a stable exchange rate to support trade and aims to keep inflation near a 4% target via interest rate policy. Higher interest rates typically bolster the Rupee due to the ...
Michael Fisher is an active trader and market analyst. He holds a Bachelors degree in Economics from University of Pennsylvania and started his career as a private Forex trader back in 2005. Woodside ...
EUR/USD is under pressure in early Wednesday trading in Europe, hovering near 1.1225. The Euro (EUR) is losing ground against the US Dollar (USD) as political unrest and fiscal worries in France erode ...