USD weakness is back in focus this week as Fed members gear up for Jackson Hole. Excessive rate cut expectations have cooled but there is an expectation for further USD declines
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....has been on a downward trajectory since early July, declining as nervousness in the job market surfaced via a rising unemployment rate.
Markets anticipate just under 100 basis points worth of rate cuts are likely to materialize before the end of the year which may be complicated by the US election in November. In an attempt to demonstrate the central bank’s independence, there is a risk that the may opt to keep rates unchanged in November, leaving just September and December as live meetings.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Retail Sentiment Analysis – EUR/USD, GBP/USD and USD/JPY LatestTrack trader positions, sentiment shifts, and market signals. See long vs short ratios, percentage changes, and bullish/bearish indicators to gauge overall market sentiment and trading trends.
Read more »
Retail Trader Sentiment Update: GBP/USD, AUD/USD, USD/JPY LatestForex sentiment analysis: Dive into the latest data on GBP/USD, AUD/USD, and USD/JPY. How are retail traders positioned in these major pairs?
Read more »
Retail Sentiment Analysis – EUR/USD, GBP/USD LatestView current IG trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish.
Read more »
Retail Sentiment Analysis – EUR/USD, USD/JPY LatestView current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish.
Read more »
Retail Sentiment Snapshot: Gold, Oil, and USD/CHF Positioning AnalysedGiven the massive risk-off sentiment at the start of this week, this sentiment snapshot provides some perspective on recent moves but from a contrarian viewpoint
Read more »
Retail Sentiment Analysis: AUD/USD, Oil, S&P 500 PositioningWhat does IG client sentiment suggest about the recent risk off moves seen in financial markets?
Read more »