Fed’s Paper Losses Surpass $200 Billion Amid High Interest Expenses
The U.S. Federal Reserve’s losses have crossed the $200 billion mark, as revealed by the central bank’s latest data released on Thursday. As of Wednesday, the Fed’s “earnings remittance” to the Treasury Department stood at a negative $201.2 billion, highlighting the financial challenges of its aggressive monetary tightening cycle over the past two years. The […]
US Dollar Rises Ahead of Jobs Report as Dudley Comments Dampen Rate Cut Expectations
The US Dollar is rallying ahead of Friday’s Nonfarm Payrolls (NFP) report, driven by comments from former Federal Reserve official William Dudley and remarks from Japan’s newly appointed Prime Minister Shigeru Ishiba. The dollar advanced across markets on Thursday, with heightened safe-haven flows amid ongoing tensions in Lebanon further underpinning the Greenback. Former New York […]
Oil Prices Rise Amid Middle East Turmoil, But Global Supply Keeps Market in Check
Oil prices saw a modest increase on Thursday as escalating conflict in the Middle East sparked fears of potential supply disruptions, though gains were tempered by signs of abundant global supply and rising U.S. crude inventories. Brent crude futures rose by 0.87% to $74.54 a barrel, while U.S. West Texas Intermediate (WTI) crude advanced 1.03% […]
GBP/USD Falls Below 1.3300 as Middle East Tensions Boost Safe-Haven Dollar
The GBP/USD pair weakened to 1.3265 in early Asian trading on Thursday, pressured by renewed demand for the US dollar amid intensifying geopolitical tensions. A surge in safe-haven flows to the dollar followed reports that Iran fired over 180 missiles at Israel on Tuesday—its largest-ever direct attack—escalating concerns of a broader conflict. Israel and the […]
EUR/USD Slides Further as Fed Signals Moderate Path Amid Geopolitical Jitters
The EUR/USD pair extended its losses on Wednesday, pressured by a resurgent US dollar amid diminishing hopes for an aggressive rate cut from the Federal Reserve and escalating geopolitical tensions in the Middle East. The Greenback’s broad rebound left the Euro struggling, with investors growing cautious about the uncertain landscape both in global monetary policy […]
EUR/USD Slips Amid Geopolitical Tensions and Weak Economic Data, Finds Support Near 1.1050
The EUR/USD pair slid 0.6% on Tuesday, hitting its lowest point in nearly a month as investors flocked to the U.S. Dollar for safety amid mounting geopolitical tensions and disappointing economic indicators. After touching 1.1050, the Euro found minor support but remains under pressure, reflecting a broader loss of momentum. The sell-off comes as geopolitical […]
Dollar Slips as Swiss Franc Surges on Rate Cut, U.S. Data Impact Fades
The U.S. dollar weakened on Thursday as early gains from positive economic data quickly evaporated, overshadowed by the Swiss National Bank’s unexpected move to cut interest rates. The dollar initially rose after data showed U.S. jobless claims fell to a four-month low of 218,000, signaling strength in the labor market, and corporate profits in the […]
EUR/USD Rises as US Dollar Weakens Amid Recession Concerns
The EUR/USD rebounded on Thursday, lifted by a broad-market selloff in the US Dollar. After a midweek pullback, the pair saw renewed momentum, benefiting from stronger-than-expected US economic data that helped ease concerns over a potential economic slowdown. Despite the recovery, the market remains cautious, with crucial inflation data due at the end of the […]
BoJ Weighs Careful Rate Hike as Inflation Risks Loom Large
The Bank of Japan (BoJ) board members expressed cautious optimism about the country’s economic trajectory while signaling the potential need for a gradual interest rate hike. In the minutes from the July meeting, released Thursday, members voiced concern over rising inflation, emphasizing the importance of timely but measured adjustments to the ultra-loose monetary policy. Several […]
Fed’s Kugler Signals More Rate Cuts as Inflation Eases, Jobs Market Slows
Federal Reserve Governor Adriana Kugler threw her full support behind last week’s half-point interest rate cut, highlighting that it was a necessary step in managing inflation. Kugler emphasized the Fed’s commitment to continuing rate reductions if inflation eases as expected, indicating that further cuts could be on the table as the economy moves closer to […]
EUR/USD Slips as Eurozone PMI Misses Expectations; Bulls Lose Steam
The EUR/USD pair fell by 0.5% on Monday, snapping its recent bullish streak after weaker-than-expected economic data from the Eurozone. The disappointing Purchasing Managers Index (PMI) figures weighed heavily on the Euro, making it one of the worst trading days for the currency pair in the second half of the year. This comes amid broader […]
GBP/USD Tumbles Below 1.3400 as Dollar Strengthens Amid Risk-Off Sentiment
The GBP/USD pair experienced a sharp decline on Wednesday, plunging below the 1.3400 mark as risk appetite across markets waned and the US Dollar regained strength. After a bullish streak, the Pound Sterling pulled back as the broader market turned risk-averse, allowing the Greenback to recover recent losses. The shift in sentiment pushed Cable lower, […]
EUR/USD Drops from 14-Month High as Dollar Rebounds
The EUR/USD pair faced a sharp rejection from the 1.1200 level on Wednesday, sliding back into familiar territory just above 1.1100. After briefly touching a 14-month high, the euro gave up nearly 0.5% of its gains, as traders turned back to the US Dollar following a resurgence in demand. This week brings a series of […]
EUR/USD Slips Below 1.1100 as Eurozone PMI Contracts, Fed Speculation Heats Up
The EUR/USD pair slipped below the 1.1100 level during Monday’s European trading session, pressured by a stronger U.S. Dollar (USD) and unexpectedly weak economic data from the Eurozone. The currency pair’s decline comes amid growing speculation that the Federal Reserve (Fed) may deliver another aggressive rate cut in November, despite lingering concerns over inflation and […]
Pound Sterling Slips as UK PMI Misses Expectations, Dampening Growth Prospects
The Pound Sterling (GBP) fell on Monday following disappointing economic data from the UK, as market sentiment soured and concerns over the country’s growth outlook intensified. The British currency underperformed against most of its major rivals, with a notable exception being the Euro (EUR), which also faced headwinds from a contraction in Eurozone economic activity. […]
Bank of Japan Likely to Pause Rate Hikes, Eyeing December for Next Move
The Bank of Japan (BoJ) is widely expected to keep its policy rates steady during its upcoming monetary review this week, signaling a cautious approach to further tightening after surprising the markets with two rate hikes earlier this year. While inflation remains above the 2% target and wages have shown modest growth, analysts believe the […]
EUR/USD Remains Steady as Fed Rate Cuts Weaken Dollar
The EUR/USD pair held firm near the 1.1150 level on Thursday, driven primarily by a broad-market selloff in the US Dollar. While the euro itself hasn’t seen any significant bullish drivers, the pair’s resilience is largely due to the ongoing weakness in the Greenback, which continues to struggle after the Federal Reserve’s aggressive rate cuts […]
GBP/USD Holds Ground Near 1.33 as Dollar Weakness Continues
The GBP/USD pair surged to a fresh 30-month high on Thursday, briefly crossing the key 1.33 mark as the US Dollar remains under pressure following the Federal Reserve’s aggressive 50 basis point rate cut. This broader market selloff in the Greenback has bolstered the British Pound, despite a relatively muted response to the Bank of […]
Oil Prices Steady as Investors Await Fed Decision: Focus on Middle East Tensions and U.S. Oil Demand
Oil Prices Hold Steady Amid Fed Rate Cut Speculations TOKYO (Reuters)—Oil prices remained steady on Wednesday following gains in the previous two sessions. Investors shifted focus to the anticipated U.S. Federal Reserve interest rate cut. The market also finds support from concerns over potential Middle East violence, which could disrupt oil supply. Brent crude futures for […]
Japan Stocks Anticipate Gains as Traders Await Key Fed and BOJ Decisions: Markets Wrap
Japan Futures Point to Gains Amid Fed, BOJ Decisions Futures indicate that Tokyo shares are poised to rise by more than 1%, while Sydney is expected to decline. Hong Kong markets are closed for a holiday. The S&P 500 remained relatively unchanged on Tuesday in the US, following an all-time high fueled by increased retail sales. Early […]
