FX

Pair jumps 0.42% to 0.6315 on Friday, buoyed by broad risk appetite. Trump expresses willingness to avoid tariffs on China, offers trade deal hints. Fed rate cut bets and upbeat sentiment pressure the US Dollar. Traders assess the latest US PMI data amid a potential shift in risk dynamics. AUD/USD attracted buyers on Friday after

Gold nears all-time high, rises amid volatile US policy statements. Trump’s WEF comments soften on Chinese tariffs and advocate lower rates, affecting the dollar. The US Dollar Index drops 0.62% to 107.44, weakening the Greenback and enhancing gold’s hedge appeal. Gold price extended its weekly gains, poised to challenge the all-time high of $2,790 rather

NZD/USD advances on Friday, holding above the key 0.5700 level. The pair maintains its uptrend, supported by bullish technical indicators. Focus remains on whether momentum can push the pair toward the next resistance level at 0.5750. The NZD/USD pair continued its upward trajectory on Friday, rising by 0.44% to settle at 0.5705 and mantains its footing above

The Dow Jones eased somwhat on Friday, testing into 44,300. Despite a quiet end to the week, equities are poised for strong bullish closes. US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) churned into a soft backpedal on Friday, testing down around 200 points on a

Pound Sterling outperforms USD as Trump backs immediate rate cuts The Pound Sterling (GBP) jumps above 1.2400 against the US Dollar (USD) on Friday. The GBP/USD gains as the US Dollar is onset to end the week with the highest losses in almost two months. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slumps

EUR/USD gains ground to around 1.0450 in Friday’s early European session, adding 0.30% on the day.  Trump said he will demand lower interest rates.  ECB is expected to cut the deposit rate on January 30.  The EUR/USD pair attracts some buyers to 1.0450 during the early Asian session on Friday, bolstered by the weakening of

United States (US) President Donald Trump ran through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland on Thursday. President Trump reiterated his concerns that the US’ trade deficit with Canada, which amounts to 4% of the US’ total trade imbalance, is unsustainable. President Trump also

FX option expiries for Jan 23 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0150 2.7b 1.0190 929m 1.0200 4.6b 1.0295 1.6b 1.0300 1.7b 1.0320 1.1b 1.0400 2.6b 1.0460 892m 1.0515 1.1b GBP/USD: GBP amounts      1.2400 456m 1.2500 961m USD/JPY: USD amounts                      153.25 1b 155.00 2.3b 156.00 1b 156.15 732m

Downside asymmetry in the set-up for Copper flows is forming. Range-bound price action is akin to time-decay for trend signals, which lowers the bar for whipsaws in algo positioning, TDS’ Senior Commodity Strategist Daniel Ghali notes. CTAs may turn to building a significant net short position “Our simulations of future prices point to no reasonable

The Australian Dollar faces pressure after President Trump announced that his administration is considering a 10% tariff on Chinese imports. Chinese Vice Premier Ding Xuexiang warned about the consequences of a trade war. Trump issued a memorandum directing federal agencies to investigate and address the ongoing trade deficits. The Australian Dollar (AUD) remains subdued against

USD/JPY stable despite volatility after Trump announces possible 25% tariffs on neighboring countries. US Dollar Index (DXY) gains 0.29%, reaching 108.30, amid positive market sentiment. Focus on upcoming Bank of Japan meeting; potential for 25 basis point rate hike expected. The USD/JPY was virtually unchanged during the North American session on Tuesday, as traders assessed

GBP/USD depreciates following news that President Trump intends to direct federal agencies to review tariff policies. Traders speculate that Trump’s policies could lead to inflationary pressures, possibly restricting the Fed to just one more rate cut. UK gilts demand rose following weaker-than-expected Retail Sales data for December. GBP/USD loses ground after registering more than 1%

EUR/GBP edges 0.23% higher on Monday, climbing to 0.8460 with an intraday high of 0.8475. RSI points to overbought conditions yet still allowing further upside. MACD histogram features rising green bars, confirming the pair’s sustained bullish momentum. The EUR/GBP cross advanced further on Monday, reaching 0.8460 and briefly peaking at 0.8475. This steady push higher

The Japanese Yen strengthens in reaction to the upbeat Core Machinery Orders data. Firming expectations for an additional BoJ rate hike this week also underpin the JPY. A modest USD downtick further contributes to the USD/JPY pair’s intraday decline.  The Japanese Yen (JPY) attracts some dip-buyers following the release of the upbeat Core Machinery Orders

Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and

Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the

The US Dollar is easing in the last trading session before Trump’s inauguration.  Markets are clueless on what to do next after Fed’s Waller comments a March rate cut is still in the cards.  The US Dollar Index (DXY) moves below 109.00 and is looking for further direction.  The US Dollar Index (DXY), which tracks the

The Euro (EUR) is little changed against the US Dollar (USD) on Friday, holding around the mid-point of Wednesday’s wide range, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Charts show tentatively positive signals “ECB Governor Nagel commented a little earlier that the central bank should not rush rate cuts, echoing Holzmann’s remark earlier this week.