KVB Market Analysis | 23 August: JPY Gains Ground Against USD as BoJ Signals Possible Rate Hike
JPY strengthened against the USD, pushing USD/JPY near 145.00, driven by strong inflation data and BoJ rate hike expectations. Japan's strong Q2 GDP growth added support. However, USD gains may be limited by expectations of a Fed rate cut in September.
KVB Market Analysis | 22 August: Gold Stays Strong Above $2,500 as Fed Rate Cut Hints Loom
Gold prices remain above $2,500, near record highs, as investors await the Federal Open Market Committee minutes for confirmation of a potential Fed rate cut in September. The Fed's dovish shift, prioritizing employment over inflation, has weakened the US Dollar, boosting gold. A recent revision showing the US created 818,000 fewer jobs than initially reported also strengthens the case for a rate cut.
KVB Market Analysis | 21 August: USD/JPY Stalls Near 145.50 Amid Diverging Economic Indicators
USD/JPY holds near 145.50, recovering from 144.95 lows. The Yen strengthens on strong GDP, boosting rate hike expectations for the Bank of Japan. However, gains may be limited by potential US Fed rate cuts in September.
KVB Market Analysis | 20 August: Gold Prices Remain Near Record High Amid US Rate Cut Expectations
Gold prices remain near record highs, driven by expectations of a US interest rate cut and a weakening US Dollar. Investors are focusing on the upcoming Jackson Hole Symposium, where Fed Chair Jerome Powell's speech will be closely watched for clues on the Fed's stance. Additionally, the release of US manufacturing data (PMIs) is expected to influence gold's direction.
KVB Market Analysis | 19 August: JPY Gains Ground on USD Amid Rate Cut Uncertainty and Strong GDP Data
JPY is strengthening against USD after Japan's strong GDP growth raised prospects of a Bank of Japan rate hike. The USD/JPY pair, initially boosted by a strong USD and higher Treasury yields, is now pressured by uncertainty over a potential US rate cut, with traders debating between a 25 or 50 basis point reduction.
Euro Gaps Lower vs British Pound Ahead of ECB, Brexit Volatility
The British Pound and the Euro will be closely watching how Brexit negotiations unfold as the October 31 deadline approaches.
GBP/USD Price Outlook: Sterling Surges on Latest Brexit Vote
GBPUSD continues to extend its retracement higher with the British Pound pushing higher as UK Parliament moves closer toward preventing no-deal Brexit.
Brexit Latest: British Pound Climbs as Parliament Vote Passes
The British Pound is clinging on to its recent rebound from multi-year lows following the latest Brexit development which puts MPs in control of Parliaments agenda and reduces no-deal Brexit risk.
US Dollar Shrugs off Treasury Intervention Comment, AUD May Rise
The US Dollar shrugged off news that the Treasury Department is holding off on USD intervention “for now”. Ahead, downside AUD/USD progress may be impeded by local private Capex data.
GBP Price Outlook: Brexit Fears Spike, British Pound Sinks
The Sterling came under renewed selling pressure in response to the latest Brexit development with PM Boris Johnson aiming to strengthen his hand and steer the UK closer toward no-deal by suspending Parliament.
GBP/USD Downtrend Held as Yen Rose Amid Trump-China Call Dispute
The British Pound soared as “no-deal” Brexit bets cooled, but the GBP/USD dominant downtrend held on chart resistance. Disputes over the Trump-China phone call boosted the Japanese Yen.
Sterling Price Outlook: British Pound Snaps Four Week Losing Streak
Sterling is poised to snap a four-week losing streak with price rebounding off downtrend support this week. Here are the levels that matter on the GBP/USD weekly chart.
US Dollar May Rise, GBP/USD Eyes 1985 Low After UK GDP Contraction
The US Dollar may extend its recovery from Fridays US-China trade update. Meanwhile, the GBP/USD could reach its lowest point since 1985 after the UK economy unexpectedly contracted.
FX Week Ahead - Top 5 Events: July UK Inflation Report & GBP/USD Rate Forecast
The July UK inflation report (consumer price index) is due out on Wednesday, August 14 at 08:30 GMT, but the data will continue to be overshadowed by Brexit.
GBP/USD: Pound Sterling Eyes Q2 GDP Amid Rising Brexit Risks
The British Pound faces major event risk with UK Q2 GDP data due for release Friday which looks to provide the latest health check on the British economy amid prolonged Brexit uncertainty.
FX Week Ahead Top 5 Events: August BOE Meeting & GBP/USD Rate Forecast
Spot GBPUSD trades near multi-year lows and remains firmly in the grasp of no-deal Brexit risk. Meanwhile, next week's BOE rate review could potentially shed light on further Pound Sterling weakness.
Sterling Price Chart: British Pound Testing Post-Brexit Support
Sterling is testing a critical support confluence just below the January lows - the battle lines are drawn. Here are the levels that matter on the GBP/USD weekly chart.
GBPUSD Eyes Support on BoE Governor Mark Carney, AUDUSD May Rise
GBPUSD eyes downtrend resumption as Bank of England Governor Mark Carney fuels rate cut expectations. Meanwhile, IG Client sentiment offers a stronger AUDUSD-bullish trading bias.
Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open
Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.
AUDUSD Post-Fed Rally May Be Shot Down by RBA as Japanese Yen Sinks
The AUDUSD post-Fed rally could be shot down by RBA Governor Philip Lowe who may underscore rate cut bets. Meanwhile, the anti-risk Japanese Yen may sink as the Nikkei 225 rallies.