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Japanese Yen weakens despite BoJ hike as US Dollar remains firm
USD/JPY advances sharply on Friday, trading around 156.95 at the time of writing, up 0.63% on the day. The pair has pulled back after reaching a daily high of 158.06 earlier in the day.
Fri, Sep 18
Bitcoin and Gold Outlook: BTC breaks above $80,000 as XAU climbs to one-week high
Bitcoin (BTC) extends its recovery and rallies above $80,000 on Friday, building on support at $75,000 and growing risk-on sentiment after dust settled from regulatory headwinds of the CLARITY Act in the United States (US) Senate and the Federal Reserve’s (Fed) 25-basis-point interest rate hike.
Fri, Sep 18
Fed’s Schmid supports rate hike as inflation broadens beyond 3%
On Friday, Kansas City Fed President Jeffrey Schmid said he supported the rate hike, as “recent data suggest inflation trending above 3%.” Schmid added that tightening policy is a step toward achieving the Fed’s 2% goal and that inflation has broadened across a set of goods and services and that the
Fri, Sep 18
British Pound gives back UK sales pop as Oil shock returns
The Pound Sterling retraces after reaching a daily high of 1.3375 on upbeat UK data, as headlines suggest that an oil supply shock has sent crude prices higher and reignited investors' fears of high inflation. The GBP/USD trades at 1.3356, down 0.03%.
Fri, Sep 18
US Dollar Index Price Forecast: Technical setup favours further gains above 100
The US Dollar Index (DXY) climbs to a fresh seven-week high on Friday, supported by the Federal Reserve’s (Fed) hawkish interest rate hike on Wednesday. At the time of writing, the index trades around 100.40 and is on track to register a weekly gain of more than 1%.
Fri, Sep 18
Swiss Franc: Policy rate seen on hold – ING
ING economist Charlotte de Montpellier expects the Swiss National Bank to keep its policy rate at 0% next Thursday and over the coming quarters, as Swiss growth has surprised on the upside but inflation remains subdued.
Fri, Sep 18
British Pound: Retail rebound but BoE risks – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is holding just above recent lows as UK August retail sales beat expectations, reversing July’s decline and firming market pricing for a November Bank of England (BoE) rate hike.
Fri, Sep 18
Canadian Dollar dips as Fed, US yields support the US Dollar
USD/CAD edges higher on Friday, trading around 1.4000 at the time of writing, up 0.10% on the day. The US Dollar (USD) remains supported by expectations of further interest rate hikes from the Federal Reserve (Fed), while the rebound in US Treasury yields adds to the Greenback’s appeal.
Fri, Sep 18
Canadian Dollar: Pressure builds near 1.40 against US Dollar - Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) remains under pressure near 1.40 against the Dollar, reflecting a firm USD tone and wider US–Canada front-end spreads.
Fri, Sep 18
Litecoin Price Forecast: LTC poised for an extended $60-bound breakout
Litecoin (LTC) extends its gains on Friday, exchanging hands at $55.00. The 28th-largest cryptocurrency, with a market capitalization of $4.3 billion, has notched a third straight session of recovery from the critical $50.00 support zone.
Fri, Sep 18
Bank of Canada: Rate path risks tilt earlier – RBC
Nathan Janzen at Royal Bank of Canada (RBC) notes that markets are focused on whether the Bank of Canada (BoC) will raise rates in October after the Federal Reserve’s (Fed) move.
Fri, Sep 18
European Central Bank: Quarterly hikes still baseline – Nordea
Nordea’s team sees the European Central Bank delivering two more 25bp rate hikes, in December and March 2027, despite more aggressive market pricing.
Fri, Sep 18
Euro heads for weekly loss against US Dollar on hawkish Fed outlook
EUR/USD remains on the defensive on Friday and heads for a weekly loss as the Federal Reserve’s (Fed) hawkish policy outlook keeps the US Dollar (USD) firmly supported. A rebound in Oil prices and US Treasury yields adds pressure on the pair.
Fri, Sep 18
Japanese Yen: BoJ hike fails to lift JPY against US Dollar – Danske Bank
Danske Bank’s Danske Research Team notes that the Bank of Japan raised its policy rate to 1.25% with a 7-2 vote, signalling continued but cautious tightening.
Fri, Sep 18
British Pound: QT overhaul supports Gilt curve and Pound – MUFG
Derek Halpenny at MUFG highlights that the Bank of England left rates unchanged, but signals suggest a hike is likely in November as most of the majority voting bloc see tightening as needed.
Fri, Sep 18
European Central Bank: One more hike then pause – Rabobank
Rabobank strategists Bas van Geffen and Elwin de Groot expect the European Central Bank (ECB) to raise the deposit facility rate by 25bp to 2.75% in December, driven by higher energy price forecasts.
Fri, Sep 18
New Zealand Dollar falls as hawkish Fed stance supports US Dollar
NZD/USD trades lower around 0.5710 on Friday at the time of writing, down 0.34% on the day.
Fri, Sep 18
Euro trades flat against British Pound as UK Retail Sales beat forecasts
EUR/GBP trades little changed on Friday as stronger-than-expected UK Retail Sales data lends some support to the British Pound (GBP) after it came under pressure following the Bank of England’s (BoE) monetary policy announcement on Thursday.
Fri, Sep 18
Federal Reserve: Further hikes supported by resilient economy – Nordea
Nordea strategists expect the Federal Reserve (Fed) to deliver two additional rate hikes, arguing that resilient United States (US) growth, persistent inflation and continued labour-market strength suggest monetary policy is not yet sufficiently restrictive.
Fri, Sep 18
Ripple Price Forecast: XRP bulls battle to retain control amid growing whale inflows
Ripple (XRP) ticks up and trades above $1.32 on Friday. Bulls are slowly returning to the market as dust from this week’s macro crosswinds and regulatory headwinds settles.
Fri, Sep 18
