Show:
NZD/USD weakens to near 0.5950 as cooler CPI hints at early rate cuts by RBNZ
The NZD/USD pair edges lower to around 0.5960 during the Asian trading hours on Tuesday. The New Zealand (NZD) softens against the Greenback as fresh inflation data in New Zealand rose less than forecast in the June quarter.
Australian Dollar holds losses following RBA Meeting Minutes
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after two days of losses. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia's (RBA) Meeting Minutes.
USD/JPY gathers strength to near 147.50 amid tariff uncertainty
The USD/JPY pair attracts some buyers near 147.55 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) weakens against the US dollar (USD) due to political uncertainty and rising concerns over the direction of future fiscal policy in Japan.
RBA Minutes: Board agreed further rate cuts warranted over time
The Reserve Bank of Australia (RBA) published the Minutes of its July monetary policy meeting on Tuesday, highlighting that the board agreed further rate cuts warranted over time and focus was on timing and extent of easing.
PBOC sets USD/CNY reference rate at 7.1460 vs. 7.1522 previous
On Tuesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1460 as compared to Monday's fix of 7.1522.
US President Donald Trump says on Iran rebuilding nukes, promises more attacks
US President Donald Trump on Tuesday tweeted on Truth Social, saying that Iran is rebuilding nukes and promises more attacks.
WTI loses ground to near $65.50 amid concerns over mounting global supply, tariff fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.65 during the early Asian trading hours on Tuesday. The WTI loses traction amid concerns of a mounting global oil supply glut.
US Treasury Sec. Bessent calls for deeper bank regulatory reforms - Reuters
US Treasury Secretary Scott Bessent said on Monday that deeper reforms of an antiquated financial regulatory system are needed and regulators should consider abandoning 'flawed' dual capital requirements for banks, per Reuters.
USD/CAD extends downside below 1.3700 ahead of Fed's Powell speech
The USD/CAD pair extends the decline to 1.3680 during the early Asian session on Tuesday. The renewed concerns over the US Federal Reserve (Fed) independence weigh on the US Dollar (USD) against the Canadian Dollar (CAD). Fed Chair Jerome Powell is set to speak later on Tuesday.
AUD/JPY Price Forecast: Tumbles but bulls moved in around 96.00
The AUD/JPY consolidates below the 97.00 level on Tuesday, following the release of the first election results in Japan. Although the risk appetite was upbeat, the Aussie Dollar failed to gain traction and is down at the beginning of the week.
Silver Price Forecast: XAG/USD soars 2% toward $39 on Dollar weakness
Silver prices advance sharply over 2% on Monday as the North American session comes to an end, ahead of the open of the Sydney-Tokyo sessions. At the time of writing, the XAG/USD trades at $38.95 after bouncing off daily lows of $38.10 earlier in the day.
EUR/USD jumps above 1.1690 as trade tensions weigh on USD ahead of ECB's meeting
The EUR/USD surged on Monday, rising by over 0.50%, as the US dollar edged lower, undermined by a decline in US Treasury yields and trade uncertainty, with the August 1 deadline looming.
Fitch Ratings still expects US growth, but downgrades sectors on deterioration concerns
The Fitch Ratings Agency downgraded key US industry sectors to "deteriorating" on Monday, citing still-unclear policy guidance impacting US credit conditions.
AUD/USD edges higher as EU-US trade tensions, Fed independence and RBA Minutes come into focus
The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) on Monday as EU-US trade tensions escalate and concerns over the independence of the Federal Reserve (Fed) rise.
Forex Today: Chief Powell and the RBA Minutes will be in the spotlight
The Greenback started the new trading week on the back foot amid steady concerns on the trade front, particularly surrounding US-EU discussions and Fed independence jitters.
Swiss Franc strengthens as US Dollar Sinks on renewed pressure against Fed Chair Powell
The Swiss Franc (CHF) is gaining ground against the US Dollar (USD) for the second day in a row.
Gold soars above $3,390 as US Dollar, Treasury yields slide on trade jitters, Fed independence
Gold price rallied over 1% on Monday as the US Dollar and US Treasury yields tumbled sharply amid uncertainty over trade deals, amid an overall risk-on mood on the markets. At the time of writing, the XAU/USD trades at $3,397 after bouncing off daily lows of $3,338.
Dow Jones Industrial Average rises on Monday as earnings beats loom ahead
The Dow Jones Industrial Average (DJIA) clawed back recent losses on Monday, gaining just enough ground to keep the major equity index camped within near-term congestion.
Trump ally accuses Fed's Powell of perjury, refers Fed head to DoJ for criminal charges
The battle between Federal Reserve (Fed) Chair Jerome Powell and the camp of President Donald Trump continues to heat up.
EUR/CHF rises on speculation of SNB intervention, but EU-US trade risks cap gains
The Euro (EUR) is edging higher against the Swiss Franc (CHF). On Monday, fundamental dynamics are increasingly shaping the trajectory of EUR/CHF.
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