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FTSE 100 in the rise as UK inflation remains under control.Alibaba helps lead Chinese tech push.FOMC rate cut expected, with dot plot in focus. The FTSE 100 leads the way higher this morning, with UK-listed stocks enjoying a strong start in an otherwise mixed European session. Notably, this comes of

Fed poised to pull the trigger this week Against a backdrop of sticky price pressures, a weakening jobs market, and resilient growth (albeit slowing), the week’s key macro driver is the Fed’s rate decision on Wednesday. Despite some desks discussing the possibility of a 50-bp rate reduction, the Fed

NZD/USD softens to around 0.5870 in Friday’s Asian session.China’s CPI dropped 0.4% YoY in August as factory deflation deepened. Markets expect the Fed to start rate cuts at its September meeting next week. The NZD/USD pair loses ground to near 0.5870 during the Asian trading hours on Friday. The pa

US jobs are worse than they seem, and the Federal Reserve (Fed) may have already fallen behind the curve. But will this trigger bigger or faster rate cuts? It depends on inflation. US August PPI is out today, and tomorrow we get CPI – the numbers will set the tone for US rates, the dollar and equiti

NZD/USD edges higher to around 0.5945 in Wednesday’s early European session. Traders raise their bets that the Fed will lower the borrowing costs at its September 16-17 policy meeting. China’s CPI dipped 0.4% last month from a year earlier, worse than the forecast. The NZD/USD pair attracts some buy

EUR/USD wobbles around 1.1700 as investors await the outcome of French confidence vote.This week, investors will pay close attention to the ECB’s monetary policy announcement.Weak US labor demand has weighed on the US Dollar. The EUR/USD pair trades in a tight range around 1.1710 during the late Asi

USD/JPY edges higher as a steady US Dollar keeps the Yen on the defensive.US data show cracks in the labor market with slowing hiring, fewer job openings, and rising layoffs.Fed’s Williams calls current policy “modestly restrictive,” leaving room for gradual easing if conditions warrant. The Japanes

The major foreign exchange rates have remained relatively stable overnight after the pick-up in volatility in recent days triggered in part by the sell-off at the long-end of global bond markets. Global bonds recovered some lost ground yesterday providing some temporary relief and helping to stabili

The UK is facing some serious financial trouble, and it's putting a big strain on both the economy and the British Pound. Think about it this way: the amount of public debt has ballooned to a level that the country hasn’t seen since the 1960s. It’s sitting at nearly the same value as everything the

XAU/USD rallies over 2% after clearing April’s peak and setting a new record high at $3,530.Safe-haven demand surges amid Fed independence fears, US policy uncertainty and higher Gold ETF inflows.Mixed US PMI data deepens risk-off tone, with focus shifting to Friday’s pivotal Nonfarm Payrolls releas

If the UK government wants the Bank of England to be able to react to a fiscally tight budget, it will have to announce the budget date this week, ING's FX analyst Chris Turner notes. GBP/USD to test 1.3600 this week "Remember that the Office for Budget Responsibility requires 10 weeks' notice for t

USD/CAD edges up as the US Dollar holds ground despite Fed Cook’s termination by US President Trump.Fed’s Cook decided to file a lawsuit to defend her termination.Investors await US-Canada trade talks and Canadian GDP data. The USD/CAD pair edges higher to near 1.3850 during the late Asian trading s

According to figures published this week by the International Copper Study Group, mine production rose by 2.7% in the first half of this year compared with the same period last year. Production rose significantly in the Democratic Republic of Congo (9.5%) and Mongolia (31%) in particular, due to exp