Dollar Dominates as Strong Data Cuts Odds of Aggressive Fed Easing
Currency markets closed last week with a shift in tone, as traders suddenly found themselves recalibrating on Fed's easing path once again. The resilience of the US economy surprised many. Growth, hiring, and investment all showed more strength than anticipated, fueling doubts about whether policymakers truly need to accelerate...
Dollar Steady After PCE, Euro Finds Support on ECB Survey
The forex markets are relatively steady in early US trading, with most pairs consolidating after a week of sharp moves. The latest batch of US data offered few surprises, leaving traders reluctant to push directional bets ahead of next week’s pivotal employment report.
US PCE inflation for August came in...
Trump’s New Tariff Wave Hits Sentiment, PCE Data Eyed
Asian stocks edged lower today as investors digested fresh U.S. tariff announcements from President Donald Trump and tempered expectations for aggressive Fed easing. Risk appetite softened, with trade uncertainty once again colliding with questions over monetary policy.
At the Fed, officials remain hesitant to commit to a firm easing path....
Dollar Soars on Strong US Data, 10-Yr Yield Jumps Toward 4.2%
Dollar rallied broadly at the New York open after a powerful run of data, with Treasury yields surging as investors trimmed Fed cut bets. The 10-year note climbed toward 4.2%, while stock futures dipped modestly, reflecting the possibility that stronger growth could keep policy tighter for longer.
A major catalyst...
BoJ Hawkish Lean Fails to Lift Yen, Franc Outperforms Ahead of SNB
Trading remains subdued in the Asian session, with all major currency pairs locked inside yesterday’s ranges. Directional conviction remains elusive as traders look to fresh catalysts from both data and central bank events.
Minutes from the BoJ’s July meeting leaned hawkish, showing more board members are warming to the idea...
Dollar Gains, Yen Slips as FX Flows Lack Unified Theme
Dollar strengthened broadly in European session despite limited fresh news flow, but it remains overshadowed by Australian Dollar. Aussie continued to draw support from today’s stronger-than-expected CPI release, which reinforced the view that the RBA will tread cautiously on rate cuts.
There is little sense of a unified theme across...
Powell Dovish Tilt Keeps Dollar in Consolidation, AUD Outperforms
Aussie is leading the performance board today, supported by stronger-than-expected CPI data and t risk-on tone across the region. Headline inflation ticked up to 3.0%, reinforcing the view that the RBA will remain on hold at 3.60% next week. Next week’s statement and press conference could emphasize vigilance on...
European PMIs Shrugged Off, Focus Turns to Aussie CPI
The forex markets remained largely directionless today, with consolidative trading dominating across major pairs. Price action was muted, and the release of PMI data failed to provide much impetus, with investors largely shrugging off the surveys.
Eurozone PMIs offered a mixed picture. Germany showed a promising improvement, but sluggish readings...
Aussie, Kiwi Slip on Asia Stock Retreat, PMIs Weigh, Dollar Awaits Fed’s Bowman and Powell
Commodity currencies slipped in quiet trading today, with Aussie and Kiwi leading losses as regional equities pulled back. With Japan on holiday, volumes were thin, but risk sentiment deteriorated after both Chinese and Hong Kong tech stocks retreated from a month-long rally.
Australia’s PMI data added further weight to the...
Dollar Rebound Pauses, FX Range-Bound as Markets Awaits Fedspeaks
Trading remained subdued in the forex markets today, with most major pairs consolidating within Friday’s ranges. Dollar has given back some of last week’s gains, though selling momentum remains modest and order flows are light. Market conviction on the Fed outlook remains steady. Futures price a 92% probability of...
Quiet Markets Look to Fed and BoE Commentary
Forex markets started the week on a subdued note, with Asian trading showing little momentum. With no top-tier data scheduled, activity is likely to stay muted until later in the week, leaving traders watching central bank commentary for direction.
Several Fed officials are set to deliver remarks today, their first...
Everybody Happy? Fed’s Decision Calms Markets—for Now
The past week has been anything but quiet for global markets. A long-anticipated Fed rate cut finally arrived, but the message was less dovish than traders had braced for. Instead, policymakers struck a balance — restarting the easing cycle while simultaneously projecting confidence in the economy’s resilience. That left...
Dollar Gains Momentum, Outpaces Peers as 10-Year Nears 4.15%
Dollar’s rebound is gathering strong momentum today, surging broadly across the board as markets continue to realign with the Fed’s message from midweek. After being under pressure earlier in the week, the greenback is now positioned to potentially end as one of the strongest performers. Supporting the move, U.S....
Yen Rebounds as BoJ Tilts Hawkish, Nikkei Retreats From Record
Yen staged a broad rebound today after the BoJ held rates steady at 0.50% but delivered a hawkish signal with two members dissenting in favor of a hike. The shift in the board underlined growing momentum toward policy normalization. At the same time, the Nikkei pulled back sharply from...
Sterling Holds Ground After BoE, Dollar Loses Momentum
Sterling traded steadily mixed today, showing little reaction to the BoE’s decision to hold rates at 4.00%. The 7–2 vote leaned slightly dovish, with Swati Dhingra and Alan Taylor backing a 25bps cut, but the outcome was broadly expected given their well-established dovish leanings. Importantly, the MPC’s statement flagged...
Dollar Finds Relief from Fed, Kiwi Crashes on GDP, BoE Next
Volatility surged overnight as markets digested the Fed’s 25bps cut and updated projections. The Dollar initially sank on confirmation of two more cuts this year, only to rebound sharply as traders judged the overall stance less dovish than expected. The reversal pulled Wall Street and Gold lower from record...
Loonie Steady as BoC Cuts as Expected, Fed Now in Spotlight
The forex markets were steady in early U.S. trading, with the BoC’s widely expected 25bps rate cut to 2.50% generating little reaction. The decision was fully priced in, and the absence of fresh guidance left traders reluctant to adjust positions.
The BoC struck a cautious balance in its statement, offering...
Calm Before the Fed: Dollar Soft, Markets Brace for Guidance
Markets traded with a subdued tone today as investors awaited the Fed’s highly anticipated policy decision. The Fed is expected to cut rates by 25bps, but the real market mover will be the details: how divided the vote is, what the updated projections show, and the signals Chair Jerome...
Dollar Struggles Despite Strong US Retail Sales, EUR/USD Eyes Key 1.1829 Resistance
Dollar remained under pressure today even after U.S. retail sales came in stronger than expected. While the data trimmed expectations of back-to-back Fed cuts in October slightly, with odds dipping yet still holding near 78%, it did little to support the greenback. Markets appear more focused on front-running a...
Markets Rally as Fed Dovish Shift Seen Certain, TikTok Framework Struck
Risk appetite in the U.S. stayed strong overnight, with both S&P 500 and NASDAQ closing at fresh record highs. Traders leaned further into risk assets as confidence grew that the Federal Reserve will restart its easing cycle this week. Additional support came from news that Washington and Beijing had...