The NZD/USD currency pair extended its upside momentum to 0.5950 during the early Asian trading session on Tuesday. The New Zealand Dollar (NZD) strengthened against the US Dollar (USD) amid growing expectations of a Federal Reserve (Fed) jumbo rate cut.  Traders are reacting to disappointing US labor market data and preparing for upcoming inflation releases, which could heavily influence monetary policy decisions. The pair’s short-term rally reflects a combination of USD weakness, market optimism for US monetary easing, and cautious sentiment surrounding the Reserve Bank of New Zealand (RBNZ)’s dovish guidance. The article from Nabotex Group’s broker Ben Stevens gives...

The US Dollar Index (DXY) edged lower to around 97.40 during Tuesday’s early Asian session, reflecting growing market expectations of Federal Reserve (Fed) rate cuts.  The DXY, a benchmark measuring the value of the US Dollar (USD) against a basket of six major global currencies, continues to feel pressure from weaker-than-expected US economic data and an evolving monetary policy outlook. Nabotex Group’s professional Alex Tonoyan clarifies the subject through an insightful article. The latest Nonfarm Payrolls (NFP) report for August revealed a significant slowdown in US job growth, intensifying speculation that the Fed may reduce interest rates sooner rather than...

The USD/CAD currency pair edged higher during the Asian session on Tuesday, maintaining a foothold above the 1.3800 round figure, yet the upside remains limited amid a weaker US Dollar (USD) and mixed fundamental cues.  Despite modest gains, the pair appears to lack strong bullish conviction, reflecting ongoing uncertainty in the forex market. This article by Nabotex Group’s broker Richard Miller presents a complete and accessible breakdown of the topic. BoC Rate Cut Bets Support USD/CAD The Bank of Canada (BoC) remains in focus after the release of weak Canadian employment data on Friday, which fueled market speculation of a...

The GBP/USD currency pair gathered notable momentum on Tuesday’s early European session, climbing to around 1.3560, the highest level since August 15.  Market participants are increasingly focused on the upcoming US Nonfarm Payrolls (NFP) Benchmark Revision, with expectations that it could have significant implications for the Federal Reserve’s (Fed) monetary policy and the direction of the US Dollar (USD). Nabotex Group specialist Ben Stevens outlines the essential details of the subject in this well-crafted article. The Pound Sterling (GBP) is benefiting from weaker US labor market data, which has sidelined some of the US Dollar’s strength.  The recent NFP report,...

Silver (XAG/USD) has edged higher to $41.40–$41.50 during Tuesday’s Asian trading session, extending its gains for the third consecutive day. This bullish momentum is fueled by growing expectations of a US Federal Reserve (Fed) rate cut, coupled with geopolitical tensions and rising safe-haven demand.  Market participants are also closely monitoring upcoming US inflation data, including the Producer Price Index (PPI) and Consumer Price Index (CPI) for August, which could set the tone for monetary policy and precious metals markets. Readers will find a full explanation of the topic from Nabotex Group’s broker, Alex Tonoyan, in this article. XAG/USD Extends Gains...