A 25bp hike is expected today, but the ECB’s next move will hinge on whether the Middle East energy shock fades or becomes embedded in inflation expectations.
DXY struggles despite higher Treasury yields as traders await U.S. PPI and the ECB decision, while EUR/USD and GBP/USD hold bullish support.
U.S. dollar is losing some ground as traders worry that debt markets get out of control.
U.S. inflation and the ECB decision take focus as DXY remains weak, EUR/USD approaches a breakout and GBP/USD stays range-bound.
Japanese yen rallies as traders bet on BoJ rate hike.
Strong U.S. jobs revive Fed hike bets as DXY stalls, while ECB and BoE tightening risks support the euro and pound ahead of key inflation data.
The European Central Bank is widely expected to raise interest rates again on September 10, taking its deposit rate to 2.50%. The decision itself is hardly controversial: all 65 economists surveyed by Reuters between August 31 and September 3 predicted a 25-basis-point increase.
EUR/USD falls toward 1.1585 after stronger-than-anticipated US jobs data, while USD/JPY tests a major swing low. USD/CAD surges as weak Canadian employment reinforces the bullish technical outlook.
U.S. NFP takes center stage as DXY weakens, while EUR/USD and GBP/USD recover amid diverging Fed, ECB and BoE rate expectations.
EUR/USD is approaching 1.1640, where signs of exhaustion could offer a short-term selling opportunity, while USD/CAD and USD/CHF are being watched for potential bounces. All three setups remain short-term ahead of Non-Farm Payrolls.
Soft ADP hiring data challenge Fed hike expectations as DXY weakens, while traders turn to Friday’s NFP for the next major dollar catalyst.
The forex markets continue to watch the ten-year yield in the United States, while the jobs data on Friday could be a big mover if we get an unexpected number.
DXY strengthens as Iran escalation lifts inflation risks and Fed hike bets, while EUR/USD and GBP/USD extend their bearish breakdowns.
US Dollar Price Forecast: DXY Eyes 99.58 as Jobs Week Tests Hawkish Fed; Eyes on EUR/USD and GBP/USD
Fed hike bets support the dollar as markets await JOLTS, ADP and NFP, while EUR/USD and GBP/USD remain pressured near key technical levels.
The US dollar got a jolt of energy on Friday. On Monday, we are trying to find out if that was real and sustainable.
Warsh’s hawkish Jackson Hole remarks revive September Fed hike bets as DXY rebounds while EUR/USD and GBP/USD break key technical support.
EUR/USD, EUR/JPY and AUD/USD await Jackson Hole, with 1.1580, 185.65 and 0.7175 among the key levels shaping today’s forex outlook.
The dollar approaches a key breakout level as traders await Warsh, while EUR/USD tests Fibonacci support and GBP/USD loses channel support.
Foreign Countries Aren’t Buying Treasuries Like They Used To. How That Could Be Trouble for Bessent.
These days private investors hold nearly twice as much debt as official creditors, potentially spelling more volatility.
Traders look for hints on policy at Kevin Warsh’s first symposium as chair of the Fed.