News & analysis

GBP/USD: Can Stronger UK Growth Offset the Dollar’s Advantage? Oil: Supply Recovery Challenges the Geopolitical Premium.

A modest undershoot in Australian inflation has accelerated the unwind in hawkish RBA pricing, sending AUD/USD towards key support while lifting three-year bond futures and the ASX 200.

NZD/USD has fallen sharply as Fed rate expectations reset higher, but extreme downside stretch and major support raise the risk of a violent counter-trend rebound.

Core PCE inflation takes center stage Wednesday, with traders watching for signs of renewed price pressure and clues on whether the Fed could hike again in October.

USD/JPY has been a battlefield for the past two months as the force of intervention and the threat of more have given sellers an advantage, even as buyers have continued to bid support on pullbacks. This sets the stage for a massive finish to the week with Core PCE and Non-farm Payrolls.

The start of the trading week has not been particularly favorable for gold. This can be seen in recent XAU/USD price action, with the metal falling nearly 4.00% over the last two trading sessions and bringing renewed attention to a bearish bias within the market.

Aussie momentum has deteriorated sharply into quarter-end, with inflation, Core PCE and NFP on tap as AUD/USD closes in on a pivotal technical threshold.

EUR/USD has been hit hard in the final month of the quarter as USD strength has shown up in a big way. With the pair set to challenge its yearly low as RSI has pushed into oversold territory, is there a chance for a pullback with some big headline risk hitting in the US over the next few days?

The AUD/USD was unable to benefit from the Reserve Bank of Australia’s 25-basis-point rate hike overnight. The RBA lifted the cash rate to 4.60%, in line with expectations. However, the Australian dollar weakened following the decision, with much of the Bank’s hawkish stance seemingly priced in ahead of the announcement. The US dollar has also remained largely supported following the recent turmoil in the bond markets.

USD/CAD is pressing into a major technical barrier after an extended advance, raising the risk for price inflection as momentum stretches.

U.S. stocks are heading higher on Tuesday, helped by a pullback in oil prices and after details about Anthropic's IPO boosted sentiment towards tech stocks.

GBP/USD hovers around a 3-month low. Can the pound turn the tide against a hawkish Fed or will widening policy divergence keep GBP/USD under pressure in Q4?