Forex Market

The Pound Sterling advanced against the U.S. Dollar on Tuesday, climbing more than 0.30% as the Greenback slipped to a ten-week low on the U.S. Dollar Index (DXY). The GBP/USD pair traded at 1.3646, up from a daily low of 1.3592, as investors shifted focus to the Federal Reserve’s upcoming …

The U.S. dollar continued to weaken on Tuesday, with the dollar index falling around 0.6% as markets priced in a likely interest rate cut by the Federal Reserve. Investors are largely expecting a 25-basis-point reduction at the current policy meeting, though there remains a smaller chance of a larger 50-basis-point …

Headline Figures Annual CPI: Rose 1.9%, slightly below forecasts of 2.0%, but higher than July’s 1.7%. Monthly CPI: Fell 0.1%, versus expectations of a 0.1% rise. Core Inflation: CPI-median held steady at 3.1%. CPI-trim eased to 3.0% from 3.1%. Excluding gasoline, CPI slowed to 2.4% from 2.5% in the prior …

Headline Figures Monthly Growth: Retail Sales in the U.S. rose 0.6% in August, reaching $732 billion. Previous Month: July’s growth was revised upward to 0.6% from an initial estimate of 0.5%. Market Expectations: The August figure came in well above forecasts of 0.2%, showing stronger-than-anticipated consumer spending. Annual Growth: Retail …

Dollar Weakens on Fed Easing Bets The U.S. dollar extended its slide on Tuesday, retreating to multi-month lows against several major currencies as investors ramped up bets that the Federal Reserve will cut interest rates this week. The dollar index slipped to 97.121, its weakest level since July 7, pressured …

The U.S. Dollar Index (DXY) is currently trading at 97.343, down 0.28% for the day. This recent decline is part of a broader weakening trend for the dollar. Over the last month, the DXY has fallen by 0.86%, and the losses are even more significant over longer periods, with the …

The global economic narrative is dominated by a high-stakes question: can the Federal Reserve navigate a soft landing? The data presents a contradictory picture. On one hand, the U.S. labor market is showing clear signs of cooling, with recent reports indicating softer job gains and a rise in initial jobless …

The British Pound has been gaining ground against the U.S. Dollar, with the GBP/USD pair now trading above 1.3600. This rally is driven by a key dynamic: the expected divergence in monetary policy between the U.S. Federal Reserve (Fed) and the Bank of England (BoE). While the Fed is widely …

Euro has been on a strong upward trajectory against the U.S. Dollar, with the EUR/USD pair now trading above 1.1760. This rally comes as the U.S. currency faces broad-based pressure, driven by overwhelming market expectations that the Federal Reserve will lower interest rates at its upcoming meeting. This dynamic reflects …

The Countdown to the Fed’s Decision Gold’s recent surge has propelled it to a new all-time high, with prices trading above $3,680 and setting sights on the $3,700 mark. This impressive rally is fueled by a confluence of factors, but its sustainability hinges on one key event: the upcoming Federal …