FX

The second largest U.S. bank performed better than expected, led by investment banking revenue. Banks have performed better than anticipated so far in the third quarter, and that includes Bank of America (NYSE:BAC). The nation’s second largest bank topped revenue estimates in the quarter, bringing in $25.3 billion in income. That was up less slightly

Gold price attracts some haven flows amid the risk-off mood and Middle East tensions. A modest USD downtick further benefits the XUA/USD, though the upside seems limited. Bets for smaller rate cuts by the Fed should limit the USD losses and cap the yellow metal. Gold price (XAU/USD) edges higher for the second straight day

GBP/USD remains confined in a familiar range held over the past week or so. Traders opt to wait on the sidelines ahead of the release of the UK CPI report. The technical setup favors bears and supports prospects for further losses. The GBP/USD pair extends its sideways consolidative price move on Wednesday and remains confined

Gold price reverses an Asian session dip and climbs to over a one-week top on Monday.  Geopolitical risks and bets that the Fed will cut rates continue to underpin the XAU/USD.  Odds for a less aggressive Fed easing boost the USD and might cap gains for the commodity.  Gold price (XAU/USD) turns positive for the

Gold gains 1% on Friday, set to end the week with 0.20% gains. US PPI data was slightly above expectations, suggesting inflation is down but stalling above target, while UoM Consumer Sentiment highlights concerns over rising living costs. Despite higher US Treasury yields, with the 10-year note rising to 4.081%, Bullion prices remain supported as

JPMorgan stock sails ahead on an impressive Q3 showing. GAAP EPS arrives 10% above Wall Street consensus.  Revenue benefits from investment banking, wealth management fees. Traders focus on setting new all-time high. JPMorgan (JPM) stock surged over 5% on Friday after the nation’s largest bank released earnings that strongly beat consensus. The Producer Price Index (PPI)

The Dow Jones climbed into an all-time peak on Friday. US PPI figures showed September producer-level inflation stayed flat overall. Upbeat bank earnings helped to further bolster equities. The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI)

UK GDP expands 0.2% MoM in August, matches estimates GBP/USD battles 1.3050 after the UK data. The UK economy expanded by 0.2% over the month in August, having stagnated for the second consecutive month in July, the latest data published by the Office for National Statistics (ONS) showed on Friday. The reading matched the market

The Japanese Yen dropped to a two-month low against the USD amid the BoJ rate-hike uncertainty.  Some repositioning trade ahead of the US CPI report prompts profit-taking around the USD/JPY pair.  Rising bets for a 25 bps Fed rate cut move in November to limit losses for the USD and spot prices. The Japanese Yen

The US Dollar trades in the green against nearly every G10 currency on Wednesday.  Chinese markets are selling off again for the second day in a row on weak Golden Week numbers.  The US Dollar Index trades above 102.50 and looks to be on its way to 103.00. The US Dollar (USD) is tying up

EUR/GBP declined 0.10% on Tuesday and remains in a range, but bullish bias intact. RSI, flat MACD support a balanced outlook. EUR/GBP should hold above 0.8380 to confirm bullish bias. The EUR/GBP pair remains confined within a recent range and declined by 0.10% on Tuesday to 0.8380. However, the larger time frame bias remains bullish,

USD/CAD gathers strength to around 1.3620 in Tuesday’s early Asian session.  The upbeat job data prompted traders to scale back bets on further jumbo Fed rate reductions. Higher crude oil prices might cap the downside for the Loonie.  The USD/CAD pair extends the rally to near 1.3620 during the early Asian session on Tuesday. Strong

GBP/USD Forecast: Pound Sterling needs to reclaim 1.3100 to discourage bears GBP/USD registered large losses in the previous week despite holding its ground on Friday. The pair struggles to gain traction at the beginning of the new week and trades below 1.3100. GBP/USD declined sharply on Thursday, pressured by dovish comments from Bank of England

AUD/USD falls following robust US Nonfarm Payrolls data, reducing the likelihood of aggressive Fed rate cuts. Fed Chair Powell signals slower pace of easing, with markets now pricing in a 25 bps cut for November. Australian data shows mixed results with strong Retail Sales and trade surplus but ongoing manufacturing contraction and slowing business activity.

The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher

Gold drops after robust US jobs report lowers pressure on the Fed. US 10-year T-note yield climbs to 3.971%, while the US Dollar Index hits mid-August highs at 102.58, capping Gold’s rise. Geopolitical risks involving Israel and Iran to support Gold, which could hit $2,700. Gold price retraces after a stronger-than-expected US jobs report hinted

The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US

Here is what you need to know on Friday, October 4: The US Dollar (USD) Index, which tracks the USD’s valuation against a basket of six major currencies, extended its weekly uptrend and registered its highest daily close since mid-August on Thursday. Early Friday, the index edges slightly lower as investors gear up for the