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WTI drifts higher above $62.00 as OPEC+ slows production growth
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.15 during the early Asian trading hours on Tuesday.
GBP/USD continues to climb ahead of key US inflation data
GBP/USD rose further on Monday, extending another 0.35% to recapture chart territory north of 1.3550. General market sentiment is banking on an interest rate cut at the Federal Reserve's (Fed) next meeting on September 17, thanks to rapidly deflating employment figures in the United States (US).
USD/CAD posts modest losses near 1.3800 amid jumbo Fed rate cut bets
The USD/CAD pair trades in negative territory near 1.3800 during the early Asian session on Tuesday. Investors continued to assess the latest US Nonfarm Payrolls (NFP) report, while expectations of extra rate cuts by the Federal Reserve (Fed) keep the Greenback under scrutiny.
USD/JPY Price Forecast: Steadies below 147.50 as traders await fresh catalyst
The USD/JPY holds steady below the 147.50 figure yet posts a minuscule loss of 0.02% as traders market participants priced in a Fed rate cut at the September meeting.
EUR/USD tops 1.1750 as soft US jobs cement Fed cut bets
The EUR/USD pair post back-to-back bullish days, rising over 0.37% on Monday as traders grow confident that monetary policy in the United States (US) will resume its easing cycle after the Federal Reserve (Fed) Chair Jerome Powell acknowledged the weakness of the labor market.
USD/JPY grapples with more declines as waylaid Yen crumbles
USD/JPY whipsawed on Monday, driven into fresh volatility by the surprise resignation of Japanese Prime Minister Shigeru Ishiba.
Gold hits fresh record at $3,646 as Fed rate cut bets strengthen
Gold's rally extended for the second straight day on Monday, reaching a new record high of $3,646 as growing confidence that the Federal Reserve (Fed) will reduce rates at the September meeting increased. Therefore, XAU/USD trades at $3,634, up by more than 1%.
AUD/USD rallies to six-week highs ahead of key Australia sentiment data
The Australian Dollar (AUD) trades higher against the US Dollar (USD) on Monday, extending last week's rally, with AUD/USD climbing to its strongest level in six weeks, last seen in late July.
Forex Today: The US labour market remains centre stage with NFP Revision
The US Dollar (USD) added to Friday's decline as investors continued to assess the latest NFP figures, while expectations of extra rate cuts by the Federal Reserve kept the currency under scrutiny.
Silver Price Forecast: XAG/USD consolidates gains, momentum favors bulls above $41.00
Silver (XAG/USD) extended its gains for a second consecutive day on Monday, briefly touching a fresh 14-year high at $41.67 before easing slightly.
Canadian Dollar holds steady ahead of key US data
The Canadian Dollar (CAD) is holding within near-term levels on Monday, pushing USD/CAD into a sideways grind over three market sessions. Despite recent shakes on the chart and the appearance of a potential technical floor, the CAD continues to explore lower closes against the Greenback.
Dow Jones Industrial Average churns in place as traders await inflation data
The Dow Jones Industrial Average (DJIA) churned chart paper on Monday, finding a near-term floor at the 45,400 level. Investors continue to lean into bets that the Federal Reserve (Fed) will deliver an interest rate cut on September 17.
NY Fed showcases ongoing consumer inflation concerns
According to the Federal Reserve (Fed) Bank of New York, consumer inflation expectations ticked higher once again, and ongoing employment expectations also decayed.
GBP/USD climbs as Fed-BoE policy divergence fuels Pound strength
The Pound Sterling advances at the beginning of the week as traders continue to digest the recent US employment report that keeps investors' chances about an interest rate cut by the Fed. At the time of writing, the GBP/USD trades at 1.3541, up 0.26%.
United States FX Today: US Dollar to face annual NFP revision
The US Dollar starts the week on the defensive ahead of the release of the preliminary estimate of the annual revision of Nonfarm Payrolls (NFP) by the Bureau of Labor Statistics (BLS) on Tuesday, September 9 at 14:00 GMT.
EUR/USD edges higher as US Dollar weakens, France confidence vote looms
The Euro (EUR) edges higher against the US Dollar (USD) on Monday, with EUR/USD hovering near its strongest level since late July.
Australia Forex Today: Australian Dollar extends gains ahead of Consumer Confidence
The Australian Dollar (AUD) starts the week on a positive note against the US Dollar (USD), with AUD/USD trading around 0.6590, up approximately 0.5% over the session, following upbeat Chinese trade data and a weakening of the Greenback due to softer employment indicators and rising expectations of
WTI Price Forecast: Oil eases after failed attempt to reclaim $63 handle
WTI (West Texas Intermediate) Crude Oil edges lower on Monday, trimming earlier gains after a brief rebound from last week's three-month low.
EUR/GBP edges lower as France confidence vote puts Euro under pressure
The Euro (EUR) is trading under pressure against the British Pound (GBP) on Monday, with EUR/GBP hovering above 0.8660 at the time of writing. The cross remains subdued as traders adopt a wait-and-see stance ahead of a crucial confidence vote in France later today.
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week?
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9.
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