Novia

Europe higher, but BoE decision brings more cautious tone in the UK.Weak Australian jobs and NZ GDP drive AUD and NZD lower.FOMC rate cut brings mixed emotions for markets. European markets are enjoying a buoyant start to the day, although the FTSE 100 and 250 are lagging their mainland counterparts

Euro chart The euro surpassed the 100% retracement level yesterday and is now retreating a bit, as is customary. Note that it is overbought. Bloomberg points out it’s at the lowest since 1022. The question is how far it will go. If the cut turns out to be the standard 25 bp and we get no forward gui

The ECB remains well-positioned to keep rates steady as wage growth trends lower, reinforcing confidence in inflation returning to target and supporting EUR/USD’s ongoing uptrend, BBH FX analysts report, BBH FX analysts report. Negotiated wage growth seen slowing toward 2% target "The ECB remains in

The Canadian Dollar (CAD) is up marginally against the US Dollar (USD) but underperforming most of the G10 currencies in generally quiet trade, its modest strength hinting to a renewed recovery echoing similar attempts observed in early and mid/late August, Scotiabank's Chief FX Strategists Shaun Os

In focus today In the US, August producer prices (PPI) are due for release in the afternoon. This time, the PPI will attract even more attention than usual both because it is released ahead of the August CPI and because the previous July release surprised significantly to the upside. It will provide

GBP/USD briefly tested a four-week high on Tuesday.Crumbling US jobs revisions bolstered the US Dollar as Fed rate cut bets rise.A last round of US inflation data is due before the Fed’s rate call next week. GBP/USD briefly touched a four-week peak on Tuesday, testing chart territory north of 1.3550

The Euro is losing ground against the US Dollar on Tuesday, snapping a two-day winning streak as the Greenback regains traction.The BLS reported that payrolls were overstated by 911,000 jobs through March 2025, confirming that the labor market has been cooling more sharply than previously reported.I

U.S. President Donald Trump signed an executive order Thursday stateside to implement a trade deal with Japan, with 15% baseline tariffs on most Japanese goods, including autos. The deal had been reached in July after months of negotiations, with Washington and Tokyo continuing to haggle over detail

AUD/JPY steadies as Australia’s Trade Balance widened to 7,310 million MoM in July, against the expected 4,920 million.Australia's Exports rose by 3.3% MoM, while Imports declined by 1.3% MoM in July.Japan’s trade negotiator Ryosei Akazawa is visiting the United States as administrative talks move f

AUD/USD rebounded on Wednesday, bolstered by broad-market Greenback weakness.Market sentiment, driven by Fed rate cut hopes, continues to drive forward.Australian Trade Balance data due early Thursday, followed by US ADP jobs preview numbers. AUD/USD rebounded back into the familiar 0.6550 region on

September didn’t start on a positive note for global markets. Market sentiment was less than cheery as the US returned from its long weekend, and the selloff in long-maturity bonds in developed markets accelerated. The US 30-year yield flirted with the 5% psychological mark, Japan’s 30-year yield pu