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GBP/USD rises above 1.1350 as the US Dollar weakens after mixed economic data.US Retail Sales YoY eased to 3.9%, down from 4.4% previously, suggesting a moderation in household spending activity.Consumer Expectations Index rose slightly to 57.2, beating forecasts of 56.5.The British Pound (GBP) gains traction against the US Dollar (USD) on Friday as the Greenback came under pressure following mixed US economic data, with GBP/USD paring most of Thursday’s losses. At the time of writing, the pair is trading near 1.1356 during the American trading hours.The latest US data released earlier on Friday offered little clarity on the economic outlook.…

The USD/JPY outlook indicates increasing expectations for Bank of Japan rate hikes. Data on Friday revealed that Japan’s economy expanded by 1.0%. Fed rate cut bets eased slightly after upbeat wholesale inflation figures. The USD/JPY outlook indicates increasing expectations for Bank of Japan rate hikes after upbeat GDP data from Japan. As a result, the yen gained against the dollar. However, data in the previous session revealed that US wholesale inflation rose by the most in three years in July. –Are you interested to learn more about ECN brokers? Check our detailed guide- Data on Friday revealed that Japan’s economy…

The dollar held on to previous session gains on Friday after hotter than expected inflation data prompted traders to trim wagers on rate cuts by the U.S. Federal Reserve. The euro and sterling were steady against the dollar after falling 0.5% and 0.3% on Thursday, respectively, while the Japanese yen rose 0.3% to 147.395 following stronger-than-expected GDP data for the second quarter. Overnight, markets had to contend with U.S. producer prices showing the quickest rise in three years in July amid a surge in the costs of goods and services, pointing to a broad pick up in inflationary pressures which…

EUR/USD down 0.57% to 1.1638 after US PPI and Core PPI surged in July.Tariff pass-through fuels inflation while jobless claims dip, signaling labor market resilience.Market erases 50 bps September Fed cut bets, some pricing in chance of no cut.EUR/USD dives sharply on Thursday as the latest inflation report in the United States (US) caught traders off guard, who were betting on a slim chance of a 50 basis points (bps) Federal Reserve (Fed) rate cut in September. Currently, the pair trades at 1.1638, down 0.57%.The US Bureau of Labor Statistics (BLS) revealed that the Producer Price Index (PPI) in headline…

XAU/USD down 0.60% to $3,334 after US PPI crushes forecasts.Hot producer prices revive inflation concerns despite White House push for lower rates.US Jobless Claims beat expectations, reinforcing view of a resilient labor market.Traders price in 25 bps September cut with slim odds of Fed holding rates steady.Gold Price takes a hit and dives over 0.60% on Thursday following a red-hot factory gate inflation report in the United States (US), which prompted investors to price out the chances for a 50-basis-point rate cut at the Federal Reserve’s (Fed) upcoming meeting. The XAU/USD trades at $3,334 at the time of writing.The US…

The Dow Jones snapped a two-day winning streak on Thursday.US PPI inflation soared to a six-month high in July, erasing months of progress.Fed rate cut bets sank post-PPI, with rate traders yanking a third cut in 2025 off the table.The Dow Jones Industrial Average (DJIA) declined on Thursday, ending a two-day bullish run and shedding around 200 points. Equities took a hit after United States (US) Producer Price Index (PPI) inflation rose much faster than expected in July, knocking back bets of three Federal Reserve (Fed) interest rate cuts before the end of the year.The Dow Jones has fumbled a…

USD/CHF up 0.26% to 0.8077 after US PPI approaches 3.5%.Pair rebounds from 20/50-day SMA confluence at 0.8042/50, hitting 0.8092 daily high.RSI signals bullish momentum; break above 0.8100 could target 0.8171, then 0.8200.Key support at 0.8042; a break lower opens the door to 0.8000.The USD/CHF rises during the North American session as recent economic data from the States prompted investors to reduce bets that the Fed would cut rates by 50 bps, as stated by the US Treasury Secretary Scott Bessent on Wednesday. At the time of writing, the pair traded at 0.8077, up 0.26%.On Thursday, Bessent backpedaled and said that…

The Canadian Dollar tumbled over 0.5% against the Greenback on Thursday.A sharp jump in US PPI inflation figures sparked a safe-haven retreat into the US Dollar.Rising inflation knocked back Fed rate cut bets, but not by much.The Canadian Dollar (CAD) took a step lower on Thursday, driven down by a broad-market upswing in the US Dollar (USD). United States (US) Producer Price Index (PPI) inflation for July was the key driving headline, trimming bets of when the Federal Reserve’s (Fed) next rate-cutting cycle would begin.Canadian economic releases still remain almost entirely absent from the data docket this week, leaving Greenback…

Mumbai: The Reserve Bank of India’s (RBI) draft norms on foreign exchange guarantee say that an Indian citizen can’t act as a surety, principal debtor, or creditor for a guarantee involving a current or capital account transaction without the central bank’s permission. A resident India can provide guarantee only in case where it is not in contravention of the FEMA Act. Authorised dealers have not been allowed to give a letter of comfort or a letter of undertaking for a guarantee.An Indian resident acting as surety under these regulations shall report the guarantee including any change in the amount and…

The Indian rupee declined on Thursday with traders treading lightly ahead of the Trump-Putin summit, although S&P’s upgrade offered a silver lining. The rupee closed at 87.5500 against the U.S. dollar, softer than Wednesday’s close of 87.4400, navigating a choppy session that saw it swing between 87.39 and 87.67. With the focus squarely on the Trump-Putin meet, the S&P’s upgrade of India offered a boost to the local currency right when it was grappling with midday pressure.S&P noted that India’s robust external position is a key credit strength. It highlighted that current account deficits are likely to remain small over…