Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
EUR/USD rallies as Fed rate cut expectations rise following softer-than-expected PCE inflation data. The easing inflation signals boost bets on monetary easing this year, pressuring the dollar and lifting the euro toward key resistance near 1.0750. Markets await further Fed guidance.
EUR/USD rallies as US Core PCE inflation comes in below expectations, fueling bets on earlier Fed rate cuts. Softer inflation data shifts market sentiment toward monetary easing, pushing the dollar lower and boosting the euro. Traders eye key technical levels amid evolving policy outlook.
EUR/USD bounced back as the latest PCE inflation data aligned with expectations, fueling renewed bets on a Fed rate cut. Core PCE holding at 2.6% signals easing price pressures, pushing September rate cut odds above 60%. This shift boosted the euro against the dollar, highlighting the market’s focus on inflation trends and Fed policy outlook.
EUR/USD rebounds as softer US PCE inflation data renews bets on Federal Reserve rate cuts. Core PCE rose just 0.1% MoM, signaling disinflation and boosting risk sentiment. Markets now increasingly price in Fed easing later this year, pushing EUR/USD above 1.0700 amid a weaker dollar. #forex #EURUSD #Fed
EUR/USD climbs as softer US PCE inflation data raises expectations for Federal Reserve rate cuts. The core PCE index cooling to 2.6% signals easing price pressures, weakening the dollar and boosting the euro. Markets now price in a higher chance of Fed easing as early as September, supporting EUR/USD gains above 1.0800.
EUR/USD rebounds as stronger Fed rate cut bets emerge following April’s PCE report. Inflation metrics aligned with expectations, signaling continued easing pressure and fueling renewed euro demand. Lower U.S. Treasury yields and weaker Chicago PMI added to dollar softness, boosting the euro against the dollar ahead of potential Fed easing later in 2024.
AUD/USD remains under sustained negative pressure amid divergent monetary policies: the Fed’s hawkish stance bolsters the USD, while the RBA’s cautious approach limits AUD strength. Technicals show persistent trading below key resistance and the 50-day EMA. Watch support near 0.6380—breach could accelerate declines. Further downside risks linked to global growth concerns and commodity price fluctuations suggest cautious positioning ahead.
US Dollar reverses gains after Fed meeting as markets reassess rate cut prospects. Attention shifts to AUD/USD and GBP/AUD ahead of Australia jobs report and UK CPI data, which could drive volatility and set the next direction for these currency pairs. Stay tuned. #Forex #USDX #AUDUSD #GBPAUD
The US dollar rebounded strongly after the June Fed meeting, reversing initial losses as the Fed signaled fewer rate cuts ahead. Focus now shifts to AUD/USD and GBP/AUD, where China’s economic outlook and commodity trends will play key roles amid shifting risk sentiment. Technical levels and fundamental data remain crucial as traders recalibrate positions.
AUD/USD slid lower today after hitting strong resistance near 0.6700-0.6710, halting its recent upward momentum. Technical signals show waning bullish pressure with key support zones now in focus around 0.6650 and 0.6610. Traders should watch for further developments as the pair tests these levels. Reporting by Adam Button, ForexLive.
