Federal Reserve rate cuts fuel precious metals demand Speculation surrounding imminent Federal Reserve (Fed) rate cuts has provided a significant tailwind for silver, with dovish commentary from San Francisco Fed President Mary Daly reinforcing market expectations. The prospect of lower interest rates makes non-yielding assets like silver more attractive to investors seeking alternatives to cash […]
The Australian dollar is coming off a positive week and has extended its gains on Monday. In the North American session, AUD/USD is trading at 0.6556, up 0.27% on the day. Earlier, the Aussie rose as high as 0.6560, its highest level since August 11. With US markets closed for Labor Day, we’re unlikely to
EUR/USD holds steady above 1.1700 as the US Dollar stabilizes after earlier weakness. Eurozone PMI readings indicate resilience, with manufacturing in expansion for a second consecutive month. Diverging policy paths keep the EUR/USD biased higher, as the ECB keeps policy steady while the Fed prepares to ease. The Euro (EUR) is struggling to extend its
The Japanese yen is slightly weaker on Monday. In the North American session, USD/JPY is trading at 147.21, up 0.12% on the day. US markets are closed for Labor Day, which means that USD/JPY is unlikely to show stronger movement today. Tokyo Core CPI eases to 2.5% Tokyo Core CPI declined for a third consecutive
Euro is leading the foreign exchange market today, staging a solid recovery from last week’s weakness. Investors are clearly positioning back into the single currency, but the rally has yet to find a convincing fundamental driver, leaving momentum somewhat constrained. Political uncertainty in France is also serving as a cap on Euro gains. The minority
What economists are forecasting for August jobs data The consensus among economists points to a decidedly modest jobs report, with Reuters citing expectations of around 75,000 new positions added in August. This would represent a significant slowdown from previous months, with estimates ranging from zero to 110,000 new jobs. The significance of this particular report
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The USD/CAD forecast indicates a slight recovery of the dollar against the Canadian dollar. Market participants are eagerly awaiting the US monthly employment figures. Data revealed that Canada’s economy unexpectedly contracted. The USD/CAD forecast indicates that the dollar is expected to recover slightly against the Canadian dollar ahead of crucial employment figures from the US
Prior 6.2%; revised to 6.3% After the revision, that’s the lowest reading since November last year. Despite the trials and tribulations, employment conditions in the euro area continue to hold up strongly over the past year. This article was written by Justin Low at investinglive.com. Source link
UK housing market shows signs of cooling UK house prices delivered an unexpected surprise in August, falling 0.1% against forecasts for modest growth. This decline represents a notable shift in the housing market trajectory, with annual growth slowing markedly to 2.1%. The drop comes despite the Bank of England’s (BoE) recent interest rate cuts, which
Gold prolongs its uptrend and climbs back closer to the all-time peak on Monday. Fed rate cut bets keep the USD depressed and benefit the non-yielding commodity. Escalating geopolitical tensions also lend support to the safe-haven XAU/USD pair. Gold (XAU/USD) maintains its strong bid tone through the first half of the European session on Monday
2025.09.01 2025.09.01 US Dollar Declines as Trading Partners Dazed and Confused. Forecast as of 01.09.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Unlike in authoritarian regimes, presidents in democracies do not have the power to make decisions single-handedly. The judges’ decision to rule tariffs illegal was a serious defeat for Donald Trump and the US dollar. Let’s discuss this topic
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Australian Dollar steadies as the US Dollar remains subdued amid rising likelihood of Fed rate cuts. China’s Caixin Manufacturing Purchasing Managers’ Index climbed to 50.5 in August from 49.5 in July. San Francisco Fed President Mary Daly said that policymakers are preparing to lower interest rates soon. The Australian Dollar (AUD) maintains its position after
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Tech-led downturn stalls US stock markets United States (US) stock markets closed lower on Friday, primarily led by technology stocks. Despite solid earnings, these weren’t remarkable enough to drive the US Tech 100 (Nasdaq) higher over the past fortnight. Investors continue to monitor President Trump’s reshaping of the Federal Open Market Committee (FOMC) Board, sparking concerns over
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