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New Zealand Dollar declines as US Dollar gains on hawkish Fed outlook
NZD/USD depreciates after posting gains the previous day, trading around 0.5720 during the early European hours on Friday. The pair loses ground as the US Dollar (USD) recovers its daily losses due to hawkish comments from Federal Reserve Chair Kevin Warsh.
Fri, Sep 18
Euro: Dollar weakness delayed as Fed stays hawkish – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD stabilized after the Federal Reserve’s hawkish surprise, with markets now fully pricing another Fed rate hike in December and no cuts until late next year.
Fri, Sep 18
Japanese Yen: Dovish BoJ hike keeps Yen vulnerable – ING
ING’s Frantisek Taborsky reports that the Bank of Japan delivered a 25bp hike to 1.25% in a split decision, acknowledging persistent inflation risks but with notable dissent.
Fri, Sep 18
Japanese Yen struggles near two-week low vs USD after BoJ Governor Ueda’s comments
The USD/JPY pair trims a part of strong intraday gains to a two-week high, though it holds comfortably above mid-156.00s during the post-meeting Bank of Japan (BoJ) press conference.
Fri, Sep 18
USD/CAD Price Forecast: Holds gains near 1.4000, bullish signals support upside
The USD/CAD pair trades in positive territory around 1.3995 during the early European trading hours on Friday. The US Dollar (USD) extends its rally against the Canadian Dollar (CAD) on a hawkish tone from the US Federal Reserve (Fed).
Fri, Sep 18
British Pound: Downside risk extends toward 1.3300 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that GBP/USD remains under pressure after four consecutive daily declines, though short-term momentum has not intensified. Intraday, the British Pound (GBP) is expected to range between 1.3335 and 1.3390.
Fri, Sep 18
Silver Price Forecast: XAG/USD rallies to near $66.80 amid correction in oil prices, US yields
Silver price (XAG/USD) extends its upside on Friday, trading 2.26% higher at around 66.80 during the European session. The white metal strengthens due to correction in oil prices and United States (US) Treasury Yields.
Fri, Sep 18
Euro declines against British Pound following UK Retail Sales, German Producer Price data
EUR/GBP inches lower after three days of gains, trading around 0.8590 during the Asian hours on Friday. The currency cross is facing downward pressure as the British Pound (GBP) gains momentum following stronger-than-expected United Kingdom (UK) Retail Sales data.
Fri, Sep 18
British Pound languishes at seven-week lows despite bright UK Retail Sales data
The British Pound (GBP) has ticked up against the US Dollar (USD) on Friday, following an unexpected increase in UK Retail Sales.
Fri, Sep 18
Equities: Strong rebound supported by earnings growth – Danske Bank
Danske Bank’s Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced.
Fri, Sep 18
Oil: Prices fall as supply risks reassessed – MUFG
MUFG notes that Oil prices have declined as markets reassess supply risks tied to the US-Iran war and regional chokepoints.
Fri, Sep 18
Pi Network Price Forecast: PI halts the decline amid KYC, mainnet migration upgrades
Pi Network (PI) edges higher on Friday after three consecutive days of losses, totaling a 15% decline. Pi Core Team announced clearing 417,000 duplicate accounts with the release of new Know Your Customer (KYC) and mainnet migration upgrades.
Fri, Sep 18
Euro: Downtrend extends toward 1.1400 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang maintains a bearish stance on EUR/USD after recent declines, expecting the pair to trade intraday between 1.1460 and 1.1500 as momentum eases.
Fri, Sep 18
United Kingdom Retail Sales unexpectedly rise 0.5% MoM in August vs. -0.2% estimates
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) rises 0.5% month-over-month (MoM) in August after declining at a similar pace in July, the latest data published by the Office for National Statistics (ONS) showed on Friday.
Fri, Sep 18
Indonesian Rupiah gains ground as crude oil prices retreat
USD/IDR halts its six-day winning streak, trading around 17,780 during Asian hours on Friday. The currency pair continues to hold its losses, with the Indonesian Rupiah (IDR) drawing strength from a pullback in crude oil prices.
Fri, Sep 18
AUD/USD Price Forecast: Recovers further as RBA reiterates commitment to bring inflation down
The Australian Dollar (AUD) outperforms its currency peers on Friday, trading 0.18% higher at around 0.7122 against the US Dollar (USD) during the European trading session. The antipodean strengthens as Reserve Bank of Australia (RBA) Governor Michele Bullock warns of upside inflation risks.
Fri, Sep 18
Forex Today: US Dollar holds gains as markets weigh Fed rate hike, BoJ move in focus
Here is what you need to know on Friday, September 18:
Fri, Sep 18
Indian Rupee rebounds as rally in US yields and oil prices hits a pause
The Indian Rupee (INR) opens sharply higher against the US Dollar (USD) on Friday, with the USD/INR pair correcting to near 95.75 from an over seven-week high of 96.10 posted the previous day.
Fri, Sep 18
Arbitrum Price Forecast: ARB extends rally on “Innovation Exemption” amid rising tokenized funds
Arbitrum (ARB) continues a clear bullish rally, up 28% so far on Friday, approaching the $0.2300 mark. This rally aligns with the US Securities and Exchange Commission (SEC) granting an “Innovation Exemption” on Thursday, a five-year temporary relief for crypto platforms to trade tokenized stocks.
Fri, Sep 18
Swiss Franc gains ground as easing US Yields pressures Greenback
USD/CHF extends its losses for the second successive day, trading around 0.8230 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) faced challenges from falling oil prices, which helped ease broader inflation concerns.
Fri, Sep 18
