July ADP employment growth slowed sharply to 44K, missing forecasts and weighing on the USD as traders await Friday’s Nonfarm Payrolls report. The British Pound rose 0.12% against the US Dollar to 1.3467 on Wednesday, extending the greenback’s losses after softer-than-expe
Silver Price Forecast: Daily momentum improves, but weekly outlook stays bearish Silver (XAG/USD) jumps more than 4% on Wednesday as weaker-than-expected US ADP employment data and easing energy-driven inflation prompt traders to scale back expectations for Federal Reserve (Fed)...</stron
Silver (XAG/USD) jumps more than 4% on Wednesday as weaker-than-expected US ADP employment data and easing energy-driven inflation prompt traders to scale back expectations for Federal Reserve (Fed) rate hikes. At the time of writing, XAG/USD trades around $62.30, near its
EUR/JPY trades broadly flat near 181.94 on Wednesday, up a marginal 0.01% as the cross pauses after a steady four-session recovery. The pair has clawed back a significant portion of the collapse triggered by last week's Japanese intervention and the Bank of Japan's (BoJ) h
The Australian Dollar gains 0.20% against the USD as weaker US economic data and improved risk sentiment pressure the greenback. AUD/USD climbed to 0.7060 on Wednesday, rising 0.20% as the US Dollar faced broad-based selling pressure. The move follows softer US economic da
The Australian dollar gains as US private-sector jobs growth misses forecasts and services PMI employment index contracts. AUD/USD climbed 0.20% to 0.7060 on Wednesday, supported by broad US dollar weakness. The US Dollar Index (DXY) fell 0.16% to 99.70 as softer economic
Scotiabank strategists cite constructive fundamentals and fair-value pricing for the Euro’s recovery within a 1.15–1.16 range. The Euro (EUR) remains steady in the mid-to-lower 1.15 range against the US Dollar (USD), supported by stable 2-year US–Germany yield spreads. Str
Euro consolidates in a 1.15–1.16 range as 2-year US-Germany spreads and sentiment support its recovery since early Q3. The Euro remains steady near 1.15 against the US Dollar, trading close to fair value based on 2-year spreads between the US and Germany. Strategists note
TD Securities strategists expect only modest US Dollar (USD) weakness if July payrolls or the unemployment rate disappoint. They see US Dollar Index (DXY) remaining above its 200-day SMA near 99, with US-based investors reluctant to build short USD positions until US infla
Brazilian portfolio inflows near post-COVID highs Brazilian portfolio inflows are nearing post-COVID highs ahead of the Selic decision, driven by strong demand for equities and government bonds. The inflows are supported by renewed interest in terms of trade, stron
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