Show:
US core PCE inflation set to rise 2.9% YoY in July amid rising bets of Fed rate cut in September
The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for July on Friday at 12:30 GMT.
GBP/USD Price Forecast: Tests the confluence zone around 1.3500, nine-day EMA support
The GBP/USD pair halts its three-day winning streak, trading around 1.3500 during the Asian hours on Friday. The bullish bias prevails as the daily chart's technical analysis suggests that the pair remains within the ascending channel pattern.
USD/CHF trades slightly higher around 0.8030 ahead of US PCE inflation data
The USD/CHF pair attracts slight bids and rises to near 0.8025 during the European trading session on Friday.
USD/INR rises ahead of India's Q2 GDP, US PCE inflation data
The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Friday.
When are the German Retail Sales and how could they affect EUR/USD?
Germany's Retail Sales are expected to rise by 2.6% year-over-year (YoY) in July, in comparison to the previous increase of 4.9%. Meanwhile, the monthly Retail Sales are forecast to see a decline of 0.4% in July, following a previous increase of 1.0%.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
US Dollar Index surges near 98.00 ahead of PCE Price Index data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after three days of losses and trading around 98.00 during the Asian hours on Friday.
NZD/USD advances to near 0.5900 ahead of US PCE inflation data
The NZD/USD pair extends its upside to near 0.5900 during the Asian trading session on Friday. The Kiwi pair strengthens as the market sentiment is favorable for riskier assets on firm expectations that the Federal Reserve (Fed) will cut interest rates in the September policy meeting.
EUR/USD falls to near 1.1650 ahead of German Retail Sales, CPI data
EUR/USD loses ground after three days of losses, trading around 1.1660 during the Asian hours on Friday. Traders await July Retail Sales and August preliminary Consumer Price Index (CPI) data from Germany later in the day.
Japan's Kato says he is aware of rising interest rates
Japanese Finance Minister Katsunobu Kato said on Friday that he is aware of rising interest rates, adding that he will continue to engage with bond market participants and manage debt policies appropriately.
China's NDRC says will expand consumption, optimizing investment structure
The National Development and Reform Commission of the People's Republic of China (NDRC) said on Friday that they are aware that household consumption capability and confidence need to be improved. China's State Planner added that they will expand consumption and optimize investment structure.
US Vice President Vance: Don't think we allow bureaucrats to make monetary policy decisions
US Vice President (VP) JD Vance, in an interview with USA Today on Thursday, confirmed the end of the Federal Reserve's (Fed) autonomy.
Australian Dollar edges higher amid dovish tone surrounding Fed policy
The Australian Dollar (AUD) moves little against the US Dollar (USD) on Friday, following three days of gains. However, the AUD/USD may further appreciate as the US Dollar (USD) could struggle amid renewed dovish sentiment surrounding the Federal Reserve (Fed) policy outlook.
PBOC sets USD/CNY reference rate at 7.1030 vs. 7.1063 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1030 as compared to the previous day's fix of 7.1063 and 7.1274 Reuters estimate.
UK's Reeves could raise revenues by imposing a windfall tax on banks -- Bloomberg
UK Chancellor of the Exchequer Rachel Reeves could boost revenues by imposing a windfall tax on commercial lenders to recover the profits they are making from taxpayers on deposits held at the Bank of England (BoE), Bloomberg reported on Friday.
USD/JPY weakens below 147.00 after Japan's Tokyo CPI inflation data
The USD/JPY pair loses ground to near 146.85 during the early Asian session on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the release of Japan's Tokyo August Consumer Price Index report.
GBP/USD extends soft bullish march ahead of looming US inflation data
GBP/USD marched its way into a third consecutive bullish session on Thursday, climbing back over the 1.3500 handle and paring away most of the early-week losses from Monday's half-percent decline.
Fed's Waller: Time has come to move US interest rates lower -- Reuters
Federal Reserve (Fed) Governor Christopher Waller said that he would support an interest-rate cut in the September meeting and further reductions over the next three to six months to prevent the labor market from collapsing, Reuters reported late Thursday.
USD/CAD posts modest gains above 1.3750 ahead of Canadian GDP, US PCE releases
The USD/CAD pair trades with mild gains near 1.3755 during the early Asian session on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after the upbeat US Gross Domestic Product (GDP) and weekly Initial Jobless Claims data.
USD/CHF consolidates near support, risks testing July swing lows
USD/CHF consolidates during the North American session yet ends Thursday's session modestly with losses of over 0.09% even though the latest round of economic data in the United States (US) showed that the economy remains solid. At the time of writing, the pair trades at 0.8013.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy