Show:
Fed Chair Powell pivots to cutting mode - ING
Chair Powell could have been super balanced, or even hawkish. But he effectively chose to endorse the market discount for a rate-cutting phase ahead. It's had quite the reaction. Risk assets are up, the dollar down, so's the front-end yield.
Gold jumps as Powell signals rate cuts - ING
Gold jumped last Friday after USD and bond yields fell moved my Federal Reserve Chair Jerome Powell's words about an interest rate cut in September, ING's commodity analysts Warren Patterson and Ewa Manthey note.
NZD/USD: RBNZ's dovish cut reinforces a downward bias for NZD - OCBC
New Zealand Dollar (NZD) bounced off its post-RBNZ lows, owing to a softer US Dollar (USD), but magnitude of strengthening was relatively weak. Pair last seen at 0.5855 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Oil: India's secondary tariffs come into effect this week - ING
Oil prices managed to finish last week higher, settling up almost 2.9% higher as enthusiasm over a potential Russia-Ukraine ceasefire wanes. Uncertainty prevails as US President Trump once again threatens to impose tougher sanctions on Russia unless there's a deal to end the war.
DXY: USD bears need momentum from data - OCBC
US Dollar (USD) fell post Powell's speech at Jackson Hole. But the decline in USD did not make fresh lows. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Open-ended again - Commerzbank
Chairman Powell managed to surprise the market on Friday after all, putting pressure on the US dollar. Expectations had been gradually scaled back over the previous week, allowing the US dollar to benefit. On Friday, EUR/USD even traded in the 1.15 range once again.
EUR/USD: Range still intact - OCBC
Euro (EUR) rose sharply post-Powell's speech last Friday amid USD softness. EUR was last at 1.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CNY stronger again - Commerzbank
The Chinese renminbi (CNY) has gained around 0.3% against the US Dollar (USD) since Jerome Powell's speech, Commerzbank's FX analyst Volkmar Baur notes.
Dow Jones points to a moderate correction from Friday's record highs
Dow Jones futures are showing a 0.20% decline a few hours ahead of Monday's opening.
China: Increasing policy support for households - Standard Chartered
China's on-budget fiscal support for consumption in H2 to step up.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
FX option expiries for Aug 25 NY cut
FX option expiries for Aug 25 NY cut at 10:00 Eastern Time via DTCC can be found below.
Silver Price Forecast: XAG/USD targets confluence resistance zone around $39.00
Silver price (XAG/USD) edges lower after three days of gains, trading around $38.80 per troy ounce during the European hours on Monday.
NZD/USD consolidates above 0.5850 on risk appetite, Fed cuts hopes
New Zealand Dollar holds a moderately positive tone against the US Dollar on Monday, extending the rebound from Friday's lows sub-1.5800 to the upper range of the 1.5800s.
EUR/JPY maintains position near 172.50 following German IFO data
EUR/JPY extends its gains for the third successive session, trading around 172.40 during the European hours on Monday. The currency cross moves little after the release of German economic data.
Pound Sterling rises as Fed's Powell surprisingly turns dovish on interest rates
The Pound Sterling (GBP) clings to Friday's gains near 1.3530 against the US Dollar (USD) during the European trading session on Monday.
USD/CAD Price Forecast: Faces selling pressure above 200-day EMA
The USD/CAD pair trades cautiously near Friday's low around 1.3820 during the European trading session on Monday.
USD/CHF remains above 0.8000 following improved Swiss Employment Level
USD/CHF inches higher after registering nearly 1% losses in the previous session, trading around 0.8020 during the Asian hours on Monday. The pair remains stronger following the improved Switzerland's non-farm payrolls data.
USD/JPY recovery halts at 147.50 with monetary policy divergence weighing
The US Dollar's recovery attempts from Friday's lows at 146.60 against the Japanese Yen have been capped around the mid-range of the 147.00s on Monday as the pair remains on the defensive amid an unfavourable monetary policy divergence following Fed Powell's dovish comments.Jerome Powell shocked mar
Forex Today: US Dollar stabilizes after Powell-inspired selloff
Here is what you need to know on Monday, August 25:
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy