RaniFx

USD/CAD remains rangebound as markets await Canada’s August labor report, with unemployment seen edging up to 7.0%. Softer labor conditions could bolster expectations for a 50bps Bank of Canada rate cut by year-end, pressuring CAD, particularly against AUD, as the RBA stays cautious on easing, BBH F

Prices of precious metals - Gold and silver pushed through recent highs on prospects of Fed cutting rates soon. Gold last seen at 3479 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. Bullish momentum on daily chart intact "Gold pushed above 3500 briefly this morning, before easi

AUD/USD jumps to near 0.6560 as Fed dovish expectations have weighed on the US Dollar.Fed officials have started arguing in favor of monetary policy expansion amid growing labor market concerns.Australia’s Caixin Manufacturing PMI data came in higher at 50.5. The AUD/USD pair gains sharply to near 0

GBP/USD may regain its ground amid the easing likelihood of further rate cuts by the BoE.BoE’s Mann said rates should stay high to curb inflation risks.The US Dollar may struggle amid rising concerns over Fed independence. GBP/USD retraces its recent gains from the previous session, trading around 1

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In his prepared remarks ahead of his keynote address, Powell struck a decidedly dovish note. We see the key takeaways from his communications as the following. Firstly, he appeared more concerned about the labour market than investors had perhaps anticipated, warning that risks to employment were to

General Outlook The past week was shaped by Jerome Powell’s Jackson Hole remarks, which tilted dovish and sparked expectations of a September rate cut. The dollar index weakened toward the 98.2–98.7 range, while euro, gold and bitcoin all gained ground. Looking ahead to August 25–29, traders will co

Overview: Leaving aside the New Zealand dollar, which has been tagged for more than 1% after the dovish forward guidance following the central bank's well-telegraphed rate cut, and the Australian dollar, which has been dragged lower after yesterday's poor price action, the G10 currencies are little