Today's Analysis

30

Aug 2024
Aussie and kiwi poised to end the month with solid gains as U.S. dollar weakens

The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high …

30

Aug 2024
Dollar set to break 5-week losing streak as Fed rate cut expectations diminish

The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive …

30

Aug 2024
The British pound faces key test as it retreats from 2024 highs

Key Points: GBPUSD eased but remains near its 2024 high. The divergence in expected rate cuts between the Fed and BoE supports the strength of the British pound. Traders are eyeing U.S. inflation and payrolls data for clues on Fed …

30

Aug 2024
Yuan firms against dollar as markets await key U.S. inflation and China PMI data

Key Points: The Chinese yuan firmed against the U.S. dollar, reversing its three-day decline. Markets are closely watching U.S. inflation figures and China PMI for insights into economic trends. The Chinese yuan (Symbol: USDCNH) recovered from three consecutive sessions of …

29

Aug 2024
Asian shares fall as Nvidia’s earnings disappoint; investors focus on U.S. jobless claims

Key points: Asian shares followed Wall Street futures lower, with Nvidia’s stock dropping 7.6% after earnings missed bullish expectations. Investors are closely watching U.S. jobless claims and inflation data for potential shifts in Fed policy. Asian shares declined on Thursday, …

29

Aug 2024
Aussie targets $0.6871 on strong inflation data; kiwi gains on confidence boost

Key points: AUDUSD holds near $0.6793, with support at $0.6759 and a target at $0.6871. NZDUSD rises to $0.6286, eyeing the next target at $0.6370, supported by a +23 point surge in business confidence. The Australian and New Zealand dollars …

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