Pound Sterling stabilizes above 1.25 on cheerful mood, UK Employment in focus

[ad_1] Share: Pound Sterling climbs above a two-day high as the appeal for risk-sensitive currencies improves. Investors shift focus to UK employment data for July, which will be published on Tuesday. BoE Pill and Mann are set to speak on Monday and Tuesday, respectively. The Pound Sterling (GBP) rebounds strongly as bearish market

Asia FX weakens, dollar at 6-mth high with Fed speakers in focus By Investing.com

[ad_1] © Reuters. Investing.com– Most Asian currencies fell on Wednesday, hit by persistent concerns over slowing economic growth and high oil prices, while the dollar surged to six-month highs before more cues on U.S. monetary policy from a string of Federal Reserve officials. A broader risk-off sentiment also kept traders wary of regional currencies, following

DXY stays defensive above 104.00 amid Fed concerns, focus on US Factory Orders

[ad_1] Share: US Dollar Index remains dicey after a downbeat start to the week that snapped two-day winning streak. Mixed US data, unimpressive Fed talks confirms September inaction, odds of witnessing one rate hike in 2023 defend DXY bulls. US Labor Day holiday, China-inspired risk-on mood allowed Greenback buyers to take a breather.

Rand Weakness Brings R19/$ Back Into Focus

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US Holiday Today but Focus Could be on China, Russell 2000, USD/JPY and Brent Crude

[ad_1] Market Recap The US jobs data release last Friday continues to reflect signs of softening in the US labour market, which seems to be in line with what the Federal Reserve (Fed) wants to see. Job additions were somewhat lukewarm despite being slightly higher than consensus (187,000 versus 170,000 forecast), while unemployment rate jumped

GBP/USD Head & Shoulders, EUR/GBP Support Zone in Focus

[ad_1] British Pound, GBP/USD, EUR/GBP – Technical Update: British Pound eyeing key levels of support ahead GBP/USD bearish Head & Shoulders still in play EUR/GBP recent dip places focus on key range Recommended by Daniel Dubrovsky How to Trade GBP/USD The British Pound still remains vulnerable to the US Dollar as the new week begins.

The dot plot comes into focus as the market prices out a September Fed hike

[ad_1] The September dot plot is always the most-interesting one of the year because it’s the closest thing to forward guidance that the FOMC offers. Officials are required to place a year-end dot but there are only two meetings left so it basically says what they expect to happen in the next two meetings. Now