© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Friday, but was heading for a sharp weekly loss after cooling inflation spurred growing bets that the Federal Reserve has completed its series of rate hikes. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of
Gold, Silver Analysis Gold prices ease after diplomatic efforts allow for momentary de-escalation An agreement was reached that would see aid flowing to those affected in Gaza and two Israeli hostages made their way back home. This and other ongoing conversations could result in a momentary respite in what has otherwise been a frantic war
Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick Harker
UK Average Earnings Moderate Slightly in August The UK’s Office for National Statistics released earnings data for the month of August, revealing lower than anticipated numbers. Three-month average earnings, a data point closely watched by the Bank of England as it can contribute to elevated prices and a wage price spiral, eased more than anticipated
ECBs Vujcic is on the wires saying: As prices ease, the 4% rate will be more restrictive If outlook holds won’t need any more rate hike’s Latest hike puts us in a better position The EURUSD is trading at 1.0634. The low price today reached 1.0616 which was 6 pips short of the 38.2% retracement
RAND TALKING POINTS & ANALYSIS • Hawkish US data has overshadowed optimistic SA releases. • Fed officials under the spotlight today. • Trendline support in question as trade week draws to a close. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter
© Reuters. Investing.com– Most Asian currencies kept to a tight range on Monday, while the dollar fell slightly as mixed U.S. jobs data cemented bets that the Federal Reserve will keep rates steady this month, with focus now turning to more economic cues from China. While data released on Friday read more than expected, the
Gold (XAU/USD) Analysis Gold’s longer-term downtrend remains intact despite recent reprieve Real interest rates rise above 2%, denting gold’s appeal Gold’s bullish lift appears unconvincing – Jackson Hole up next The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended
USD/ZAR Analysis Chinese woes impact rand valuations as South African Reserve Bank keeps rates on hold in July ZAR receives slight reprieve as US inflation posts modest rise USD/ZAR long-term trend remains unopposed The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive
Gold, Silver Analysis Gold Extends Decline Ahead of US Inflation Print Gold extends declines midway through the week in what could land up being three consecutive weeks of declines. However, more recent price action appears detached from the commodity’s usual influencers, the US dollar and US treasury yields. The dollar benchmark or US dollar basket
