As markets await key US CPI data, the US dollar shows mixed momentum while EUR/USD holds above monthly lows near 1.0725. Inflation figures will be crucial for Federal Reserve policy expectations and could determine if the dollar continues to strengthen or faces a pullback. Watch Wednesday’s CPI and FOMC updates for clues on the next directional move in forex.
USD/JPY remains under strong downward pressure, trading below key support at 144.90 with bearish technical signals intact. Bears dominate as the pair tests critical floors. Watch for US labor data for potential shifts in momentum. #Forex #USDJPY #TechnicalAnalysis
USD/CAD trades below 1.3750 amid rising expectations of Fed rate cuts and softer U.S. economic data. The dollar weakens as oil prices remain firm, supporting the Canadian dollar. Market sentiment leans toward easing, with rate cuts likely by late 2024. Original analysis by FXStreet team.
Despite mixed economic data from Australia—including weaker retail sales but steady credit growth—and softer-than-expected Chinese factory activity, the Australian dollar has shown resilience, climbing toward 0.6675 USD. Market dynamics and shifting investor sentiment continue to support the AUD amid global uncertainties.
GBP/USD hovers near 1.35 as markets await key US jobs data and Federal Reserve signals. Sterling’s recent gains reflect UK economic resilience and a softer dollar, but the pair faces critical resistance ahead of potentially market-moving Fed commentary and payrolls report. Traders brace for volatility. #FX #GBPUSD
JPMorgan’s latest analysis of the French political crisis finds that while short-term volatility in EUR/USD is likely amid snap elections and rising populist momentum, the long-term impact on the euro versus the dollar should remain limited due to EU fiscal constraints and ECB policies. Based on the original article by Geoffrey Smith, Investing.com
USD/JPY edges above 147.00 as the dollar holds firm despite growing expectations of Fed rate cuts. Diverging monetary policies between the Fed and Bank of Japan, combined with mixed economic data, keep the pair supported amid cautious market sentiment.
The U.S. Court of Appeals has ruled most Trump-era steel and aluminum tariffs illegal due to procedural violations, challenging executive authority under national security claims. This landmark decision may reshape trade policy, impact companies seeking refunds, and influence global economic relations.
Australia’s S&P Global Manufacturing PMI rose to 53.0 in August 2024—the highest since September 2022—reflecting stronger output, new orders, and improved business confidence. This surge is driven by recovering global demand, easing supply chain pressures, supportive domestic policies, and stable labor market conditions, signaling renewed momentum in Australia’s manufacturing sector. Reporting by Eamonn Sheridan, ForexLive / TradingView News.
GBP/USD hovers around 1.35 as markets await the US Federal Reserve meeting and key UK/US jobs data. Central bank cues, inflation pressures, and labor market trends are set to drive volatility and shape direction in the days ahead. Traders remain cautious ahead of these pivotal economic events. #GBPUSD #Forex
