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Can Weak Jobs Trigger 50bps Cut, Sink USD?

Next week’s job reports could be the decisive factor in determining the scale of the Federal Reserve’s rate cut in September. Bank of America, among others, had initially forecast a 25-basis point cut next month...

Can Gold’s Uptrend Survive Friday’s PCE Data?

Gold prices slipped over 0.7% on Wednesday as the U.S. dollar rebounded, setting the stage for a pivotal close to the month with key inflation data on the horizon. Markets are bracing for the upcoming Personal Consumption Expenditures (PCE) Price...

Stock Surge Leaving Bitcoin Behind?

The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment. This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its...

Gold’s Uptrend Intact? ATH Remains Unbroken

Gold extended its rally on Monday as mounting expectations for a Federal Reserve rate cut in September fueled demand for the safe-haven asset. Powell gave the green light on interest rate cuts during his speech at Jackson Hole last Friday....

Jackson Hole Aftermath Sparks 25 or 50bps Debate

Federal Reserve Chair Jerome Powell signaled a rate cut in September during his speech at the Jackson Hole Symposium last Friday. In response, the British pound surged over 1%, climbing above $1.322, its highest level since March 2022. Meanwhile, the...

Why the EUR/USD Could be Overextended?

The euro surged to its highest level in a year yesterday, marking a fourth consecutive day of gains, before turning red. This rally suggests growing market confidence that the eurozone may avoid a hard landing....

FOMC & 800K Fewer Jobs Dragging on Dollar

The dollar is under pressure, with persistent selling pressure driving it to new yearly lows across several currencies, including the pound. A recent revision of jobs data revealed that U.S. job growth was significantly weaker than initially reported, with 818,000...

Does the USD/JPY Bounce Have More to Give?

Credit Agricole anticipates a potential rally in USD/JPY this week, hinging on market reactions to Federal Reserve Chair Jerome Powell’s upcoming address at Jackson Hole. The bank suggests that traders might need to recalibrate their expectations for Fed rate cuts....

Asian Currencies May Stall as Jackson Hole Looms

Investors will be watching a series of key Asian central bank decisions and inflation reports this week, as regional currencies rally to annual highs. The Bank of Korea is set to announce its rate decision on Thursday, followed by inflation...
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