News

Momentum indicators are mostly flat; US Dollar (USD) is likely to trade in a range between 7.1200 and 7.1300. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

New Zealand Dollar (NZD) is likely to trade in a range between 0.5610 and 0.5645. In the longer run, positive divergence suggests waning downside momentum; a breach of 0.5660 would mean that weakness in NZD has stabilized, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

New Zealand Dollar (NZD) is likely to trade in a range between 0.5610 and 0.5645. In the longer run, positive divergence suggests waning downside momentum; a breach of 0.5660 would mean that weakness in NZD has stabilized, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The AUD/USD pair jumps 0.56% to near 0.6530 during the European trading session on Monday.

The AUD/USD pair jumps 0.56% to near 0.6530 during the European trading session on Monday.

Pound Sterling (GBP) is likely to trade in a range between 1.3105 and 1.3175. In the longer run, GBP’s weakness has come to an end; it could recover further, but any advance is likely part of a higher range of 1.3050/1.3220, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Pound Sterling (GBP) is likely to trade in a range between 1.3105 and 1.3175. In the longer run, GBP’s weakness has come to an end; it could recover further, but any advance is likely part of a higher range of 1.3050/1.3220, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

San Francisco Fed President Mary Daly said the FOMC has appropriately reduced policy rates by a total of 50bps this year as part of a “prudent risk management approach”, noting that the adjustments provide “needed insurance” for the labor market while keeping policy “modestly restrictive” to further curb inflation. In an essay published today, Daly […]

The post Fed’s Daly: Policy must avoid trading one mistake for another appeared first on Action Forex.

• Restrictive policy is putting downward pressure on inflation
• Tariffs effects are largely confined to goods
• Inflation expectations still relatively well anchored

She’s clearly erring on the dovish side and would vote for a rate cut in December if she could. She’s not a voter until 2027 though. There are 12 voting members in the FOMC and right now we can safely say that 3 will vote for a cut and 3 will vote for a hold. The rest will decide based on the data ahead of the next meeting in December.

This article was written by Giuseppe Dellamotta at investinglive.com.