Of note, USD/MXN traders must remember the Federal Reserve is on data-dependant mode, but one piece of good news, regarding employment, inflation or growth, would not shift its stance. Most Fed officials have expressed the need to see a clear trend of easing conditions, so they can modify its posture. USD/MXN erases some of its… ادامه خواندن USD/MXN sinks after a soft US Nonfarm Payrolls report, risk appetite improvement

At the end of the week, the NZD/USD rosed but will close a third consecutive weekly loss. Labour market data from the US came in mixed, and the USD DXY index weakened, falling below 102.00. That said, the sector continues to signal to remain unbalanced, which may limit the Greenback’s losses via steady hawkish bets… ادامه خواندن NZD/USD recovers following mixed NFPs from the US

Share: Gold price remains directionless as US NFP release to set the undertone for Fed policy. Thursday’s United States economic calendar failed to trigger action in the Gold price. The market mood turns positive as investors digest Fitch’s downgrade of the US government long-term debt rating. Gold price (XAU/USD) trades back and forth… ادامه خواندن Gold awaits labor market report for Fed’s September policy guidance

Share: USD/CAD holds above the 1.3350 mark ahead of top-tier employment data from the US and Canada. US Initial Jobless Claims rose to 227K last week, as expected; the ISM Service PMI (Jul) fell to 52.7 from 53.9 prior. Market participants will watch the Canadian Employment Change, US Nonfarm Payrolls. The USD/CAD pair… ادامه خواندن USD/CAD consolidates gains above the 1.3350 mark ahead of Canadian, US employment data

Share: WTI recovers its recent losses and reclaimed the $81.50 mark on Friday. Saudi Arabia will extend its voluntary oil output cut of one million barrels per day (bpd) through September. The US Initial Jobless Claims rose to 227K last week; the ISM Service PMI (Jul) dropped to 52.7 from 53.9 prior. Investors… ادامه خواندن WTI recaptures the $81.50 area as Saudi Arabia and Russia tightened supply

  منبع: https://www.fxstreet.com/news/gbp-usd-recovers-slightly-after-boes-rate-hike-soft-us-economic-data-202308031853 Meanwhile, Richmond’s Federal Reserve President, Thomas Barkin, made statements emphasizing the concern over high inflation levels. He mentioned that the inflation reading from the previous month was favorable, and he hopes it indicates a positive direction in managing inflationary pressures. GBP/USD Technical Levels

Share: Australian Dollar falls to a temporary support level against the US Dollar on Thursday.  The Aussie is relieved by upbeat Australian trade balance data and Chinese services sector PMIs.  The general market mood remains depressed, however, broadly favoring the USD over the AUD.  The Australian Dollar (AUD) finds temporary support against the US… ادامه خواندن Australian Dollar finds a floor after upbeat Australian trade and China Caixen data

Share: UK central bank expected to hike interest rate by 25 bps to 5.25% on ‘Super Thursday’, but a 50 bps not out of cards. Bank of England faces a dilemma amidst cooling inflation and a tight labor market. BoE updated economic forecasts and Governor Bailey’s presser to stir Pound Sterling markets. The… ادامه خواندن 25 or 50 bps interest rate hike? Bank of England faces questions on Super Thursday

Share: GBP/JPY struggles to gain any meaningful traction and remains confined in a range on Thursday. Investors opt to wait on the sidelines ahead of the highly anticipated BoE monetary policy decision. The divergent BoE-BoJ policy outlook continues to act as a tailwind and helps limit the downside. The GBP/JPY cross lacks any… ادامه خواندن GBP/JPY struggles for a firm intraday direction, stuck in a range above 182.00 ahead of BoE

On the contrary, a daily closing beyond the $1,945 resistance confluence comprising the 50-DMA and a five-week-old upward-sloping trend line, could direct the Gold Price toward February’s peak of around $1,960.