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Australian Dollar rebounds after Thursday’s sell-off triggered by weak jobs data.A softer US Dollar and falling Treasury yields ease pressure on the Aussie.US Michigan Consumer Sentiment beats expectations but fails to lift the Greenback.The Australian Dollar (AUD) is recovering lost ground on Friday after a sharp sell-off on Thursday, which was fueled by weaker-than-expected jobs data. The rebound is supported by a softer US Dollar and a rise in Australia’s 10-year government bond yield, which is easing pressure on the Aussie. Market sentiment remains cautious, however, as expectations grow for a potential interest rate cut by the Reserve Bank of…

The Dow Jones is struggling to stay in the green as it wraps up a wobbly trading week.UoM Consumer Sentiment Index figures showed US consumers are recovering from April’s tariff tilt.Key earnings misses on Friday are dragging the major equity index down for the day.The Dow Jones Industrial Average (DJIA) wobbled on Friday, testing fresh weekly highs on consumer sentiment and inflation expectations data. However, the Dow backslid after earnings misses in key overweight companies dragged the index sharply lower to round out the trading week.The University of Michigan’s (UoM) July Consumer Sentiment Index showed another recovery in aggregated survey…

The Pound Sterling’s (GBP) struggle to keep pace with the Euro (EUR) this year reflects a shift in market optimism in favour of Germany and the Eurozone. Chancellor Reeves will no doubt be joining businesses in celebrating if the BoE do lower rates again in August. For certain, she will welcome the positive implications of a loosening in monetary policy on the growth outlook, Rabobank’s FX analyst Jane Foley reports. BoE rate cut could offer temporary relief”That said, economists’ forecasts for relatively sluggish growth in both UK GDP and productivity this year suggest that Reeves is very unlikely to be…

UK payrolls were revised upward, offering relief to the BoE amid sticky inflation.Fed’s Waller backs July rate cut; Goolsbee cautious on tariff-driven inflation.US consumer sentiment improves, long-term inflation expectations revised lower to 3.6%.GBP/USD rises on Friday during the North American session, up by 0.21% amid a scarce economic docket on both sides of the Atlantic. Soft data announced in the United States (US) slightly boosted the Greenback, though the pair trades at 1.3442 after hitting a daily low of 1.3406.Cable climbs to 1.3442 as US sentiment improves but inflation expectations ease, supporting July rate cut hopesThe preliminary reading of the…

Loonie edges lower as yields fall despite upbeat US data.USD/CAD pressured by Fed’s Waller calls for a July rate cut.USD/CAD dips below the 50-day SMA, bringing the 20-day SMA into play.The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) on Friday as markets focus on dovish comments from Fed Governor Waller.At the time of writing, USD/CAD is trading above 1.3720, posting a modest decline of 0.20%.USD/CAD pressured as Waller calls for July rate cut, Fed uncertainty weighs on the US DollarFederal Reserve Governor Christopher Waller is calling for the Fed to adopt a more accommodative stance at…

The Euro gains nearly 0.50% on Friday, lifting EUR/USD above 1.1650.The US Dollar Index slips toward 98.00, giving up most of the week’s gains.The University of Michigan Consumer Sentiment beats expectations but fails to lift the US Dollar.The Euro (EUR) gains positive traction against the US dollar (USD) on Friday, supported by a softer Greenback amid easing US Treasury yields and cautious market sentiment. The USD is under mild pressure following a brief surge during the week, as traders react to growing divergence among Federal Reserve (Fed) officials on the timing and pace of interest rate cuts.The EUR/USD is ticking…

Every autumn, American retirees eagerly await the announcement of the Cost-of-Living Adjustment (COLA), the annual adjustment designed to preserve their purchasing power in the face of inflation.Indexed to the rise in consumer prices, the COLA determines the increase in Social Security benefits for the following year.But its repercussions extend far beyond the simple amount paid by the administration. It can, more indirectly, impact your retirement savings, notably via Individual Retirement Accounts (IRAs).Behind the mechanics of the COLA lies a broader logic, that of inflation, which impacts the entire retirement planning.COLA: A safeguard against currency erosionCOLA, introduced in the 1970s, automatically…

The USD/JPY outlook is pointing north as the dollar remains strong following upbeat retail sales data. US unemployment claims were well below the forecasts.  The yen was fragile as markets awaited an election in Japan. The USD/JPY outlook points north as the dollar remains strong after upbeat retail sales data from the previous session. Meanwhile, the yen was fragile as a looming election in Japan created some political uncertainty.  –Are you interested in learning more about Forex robots? Check our detailed guide- The US dollar and Treasury yields rose on Thursday after data revealed solid retail and core retail sales.…

The Indian rupee weakened slightly on Friday, falling for a second consecutive week, as the dollar recovered from a more than two-year low and outflows pressured local stocks. The rupee closed at 86.1475, down from its previous close of 86.0750, and 0.4% lower from a week earlier. India’s benchmark equity index the Nifty 50, fell 0.7% this week, even as MSCI’s gauge of regional stocks excluding Japan was 0.8% higher.In the near-term, the rupee is “likely to hover closer to 86.50 than 85.50,” a trader at a large private bank said. Corporate dollar demand and equity outflows weighed on the…

The rupee gave up initial gains to settle 4 paise lower at 86.16 (provisional) against the US dollar on Friday, dragged by foreign fund outflows, rising global crude oil prices and a steep decline in domestic equity markets. However, a weak greenback against major currencies prevented a sharp depreciation in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened higher against the US dollar at 85.99 and moved in the range of 85.97-86.23 before closing at 86.16 (provisional), down 4 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against…