Author: admin
EUR/USD is up 0.50% to 1.1673 after July US CPI shows a flat headline but a hotter core print.Markets still price in >90% chance of a September Fed rate cut despite core CPI beat.Trump slams Powell for being “too late” on cuts, threatens lawsuit over Fed building renovations.The EUR/USD rises during the North American session, following the release of mixed inflation figures in the United States (US) and US President Donald Trump’s threats to sue the Fed Chair Jerome Powell. At the time of writing, the pair edges up 0.50% at 1.1673.Market mood remains positive with US stocks boosted by…
US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad. According to Bessent, the US Supreme Court will be swayed on tariff rulings based on how much estimated government revenue they generate, that US President Donald Trump and Chinese President Xi Xinping share a “good relationship”, and that the Federal Reserve (Fed) should think about delivering a double interest rate cut on September 17.Key highlightsThe Fed should think about a 50 basis point cut in interest rates in September.Fed could have cut in June if given accurate…
WTI barrel bids continued to churn on the low side of $64 on Tuesday.The EIA has forecast a continued climb in overall US Crude Oil production.The potential for a US-led Russia-Ukraine ceasefire is further pressing down barrel bids.West Texas Intermediate (WTI) slid back into the $62.60 region on Tuesday, falling to the low side of near-term consolidation as Crude Oil bulls struggle to find a reason to buy for the time being. The Energy Information Administration (EIA) has adjusted its US Crude Oil production forecast for the remainder of 2025 and heading into the end of 2026, calling for a…
The Dow Jones rebounded on Tuesday after CPI inflation data came in better than investors feared.Despite the upbeat market reaction, inflation data continues to flash some early warning signs.PPI inflation, Retail Sales, and consumer sentiment survey results due later this week.The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push markets off of bets for an interest rate cut from the Federal Reserve (Fed) in September.The Dow bounced back above 44,400 to punch in a new high for the…
Gold rallies to $3,359 after Trump BLS nominee suggests suspending monthly NFP releases.July US CPI misses headline estimates, boosting odds of September Fed rate cut.Trump slams Powell, threatens lawsuit, reigniting Fed independence concerns.Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July’s inflation print in the United States (US). Although prices had risen, Bullion’s was supported by US President Donald Trump’s remarks threatening the Federal Reserve’s (Fed) independence. The XAU/USD trades at $3,348 at the time of writing.The US Consumer Price Index (CPI) for July missed estimates in its headline print YoY and increased the odds…
The USD/CAD outlook shows the dollar rising amid optimism over an extension of the US-China trade truce. China and the US agreed to extend their trade truce by another 90 days. Forecasts show that the annual US CPI figure might increase by 2.8%. The USD/CAD outlook shows the dollar rising amid optimism over an extension of the US-China trade truce. However, traders remain cautious ahead of the pivotal US consumer inflation report that will shape the outlook for rate cuts. –Are you interested to learn more about ECN brokers? Check our detailed guide- China and the US agreed to extend…
As long as the dollar index remains below 100, the rupee bulls will have room to make progress. | Photo Credit: REUTERS The rupee, now at 87.71 against the dollar, is down marginally so far this week. Uncertainties with respect to tariffs and foreign outflows have been dragging the local currency. But there has been some relief from the sentiment perspective of the market as US President Donald Trump has extended tariff truce with China by another 90 days. Whether and how far this can help the rupee in gaining ground is uncertain though.That said, the foreign outflows have been weighing…
Analysts expect the rupee to trade with a slight negative bias due to FII outflows, though lower crude prices and dollar weakness may offer support. | Photo Credit: The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the US dollar on Tuesday amid a negative trend in domestic equities.Forex traders said the rupee is trading in a tight range as a late decline in domestic markets and foreign fund outflows capped sharp gains for the domestic unit.Moreover, there is an overall negative bias amid uncertainties over the trade tariff issue between India…
The Indian rupee was largely unchanged on Tuesday with traders in “wait and watch” mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on the interest rate trajectories in the two economies. The local currency unit closed marginally 0.06% higher at 87.7125 against Monday’s close of 87.6600. India’s consumer price index (CPI) data for July is expected to show inflation at its slowest pace in at least eight years. The U.S. July data, due after the release of India’s report, is expected to show that core inflation rose…
The rupee traded in a narrow range and edged higher by 10 paise to 87.65 against the US dollar in early trade on Tuesday, amid a positive trend in domestic equities. Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the US. Moreover, investors are in a wait-and-watch mode ahead of the US CPI inflation data and are also awaiting cues from the US-Russia talks on August 15. At the interbank foreign exchange market, the rupee opened at 87.70…