US Nonfarm Payrolls set to rebound in July as markets reassess Fed rate path
The United States (US) Bureau of Labor Statistics (BLS) is set to release the Nonfarm Payrolls (NFP) data for July on Friday at 12:30 GMT.
FX
USD/CHF Price Forecast: Dollar eases towards 0.8100 ahead of the NFP release
The US Dollar (USD) pares gains against the Swiss Franc (CHF) on Friday, with the USD/CHF pair drifting towards the 0.8100 level, after rejection at 0.8136 highs on Thursday.
FX Outlook: High-Stakes Payrolls
Kevin Warsh’s ambiguity at the July FOMC means data releases like today’s payrolls carry greater risks of an outsized market reaction. Our call (70k) is close to consensus (80k), with only a tick higher in unemployment …
British Pound remains weaker as UK-US yields narrow, US Dollar strengthens
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the British Pound (GBP) softens even as United Kingdom (UK) political risk fades.
Silver Price Forecast: XAG/USD rises to near $62.20 in countdown to US NFP data
Silver price (XAG/USD) trades 1% higher to near $62.20 during the Asian trading session on Friday. The white metal rises ahead of the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 1…
Saudi Arabia warns to step up attacks on Houthis – The Guardian
According to a report from The Guardian, Saudi Arabia aims to extend its military operations against Iran-aligned Houthis for attacking the Najran province, which is located in its southern region, and Yemeni government…
Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data
AUD/JPY halts its three-day winning streak, trading around 111.30 during the Asian hours on Friday. The currency cross depreciates as the Australian Dollar (AUD) loses ground, driven by a surge in global safe-haven dema…
New Zealand Dollar hangs near weekly low after China's trade data as USD bulls await NFP
The NZD/USD pair sticks to a negative bias for the second consecutive day and trades near the lower end of its weekly range, around the 0.5865 region, during the Asian session on Friday.
Australian Dollar bulls remains on the sidelines as Iran risks support USD ahead of US NFP
The AUD/USD pair steadies around the 0.7030-0.7025 region during the Asian session on Friday as traders opt to wait for the release of the closely watched US monthly employment details before placing fresh directional b…
China’s July Trade Balance: Surplus widens more than expected to $112.5 billion
China's Trade Balance for July, in US Dollar (USD) terms, arrives at $112.5 billion, higher than the $107.0 billion expected, but lower than the prior release of 125.62 billion.
South Korean Won: Flow reversal case builds – Societe Generale
Societe Generale strategist Kiyong Seong turns tactically constructive on USD/KRW, arguing that recent Won strength has been driven by late-stage flow factors rather than fundamentals.
British Pound: Sentiment offsets softer spreads – Scotiabank
Scotiabank’s team notes the Pound is fractionally weaker versus the Dollar, with fundamentals less supportive as yield spreads soften. However, sentiment is improving as markets fade earlier political concerns following…
USD/JPY Price Forecast: Bulls retake 200-day SMA amid recovery
The USD/JPY advances by some 0.41%, clearing the 200-day Simple Moving Average (SMA) at 158.06, as the Greenback recovers some ground following two days of intervention in the FX markets by US and Japanese authorities.
Thailand: Supply-led pressures and prolonged hold for BoT – UOB
UOB Global Economics & Markets Research, led by economists Enrico Tanuwidjaja and Sathit Talaengsatya, analyzes Thailand’s July CPI undershoot driven by lower fuel prices while core inflation edges higher.
New Zealand Dollar drops amid a firmer US Dollar
NZD/USD trades lower near the 0.5900 level at the time of writing, with no New Zealand catalyst behind the move. The US Dollar Index (DXY) is up 0.26% near the 100.00 level, and the Kiwi is simply on the wrong side of i…
Dollar firms on safe haven boost, rising yields; yen hits 158 after intervention
Regression Channels Meeting Fibs: A Structured Trading FrameworkMarkets rarely announce when a long-standing trend is coming to an end. Instead, they tend to leave subtle clues that, when viewed together, can suggest th…
Forex Today: US Dollar firms ahead of Nonfarm Payrolls as Hormuz risk returns
The US Dollar (USD) posted gains against every major currency on Thursday, with the US Dollar Index (DXY) up 0.26% near the 100.00 level as Oil rallied 3% on the reported Strait of Hormuz vessel ban, while Gold and Silv…
Why is Gold surging toward $4,300 as the US Dollar and Treasury yields ease?
Gold (XAU/USD) has staged a dramatic rebound, surging over 4% on Wednesday to move within striking distance of the $4,300/oz threshold. This rally is being propelled by growing optimism surrounding a potential US-Iran a…
EUR/USD Price Forecast: Buyers challenge 100-day SMA as momentum turns bullish
EUR/USD trades on the back foot on Thursday, snapping a two-day winning streak as the US Dollar (USD) steadies. Still, the near-term technical picture remains bullish following the late-July rebound from below 1.1400. A…
Japanese Yen falls as Initial Jobless claims hold tight
USD/JPY trades modestly higher near 158.20 on Thursday, extending a fourth session of Japanese Yen (JPY) softness as the pair claws back ground lost to last week's coordinated Japan-United States (US) intervention.
Euro: Recovery stalls near 1.1550 resistance against US Dollar – Scotiabank
Scotiabank highlights that the Euro is slightly softer versus the Dollar after touching levels last seen in mid-June, with fundamentals still supportive as yield spreads turn. Spot has nearly converged with their fair v…
Australia's AAA credit was just reaffirmed: Why the Australian Dollar still faces growth headwinds
The Australian Dollar (AUD) is balancing solid long-term fiscal fundamentals against near-term growth headwinds and shifting central bank expectations. While rating agency S&P has reaffirmed Australia's pristine AAA cre…
Indian Rupee: Foreign inflows to aid INR against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song note that the Indian Rupee (INR) has given back much of its June gains as US–Iran tensions and rising Oil prices hurt sentiment. However, they remain constructive on INR, ci…
The RBI held at 5.25% and India attracted $41 billion: Why the Rupee still faces a ceiling
The Indian Rupee (INR) has found local support against the US Dollar (USD), with USD/INR easing to around 95.10 following the Reserve Bank of India’s (RBI) decision to hold its benchmark repo rate steady at 5.25% for a …