FX

Share: USD/JPY remains above the 141.00 psychological level amid a weaker US Dollar. The immediate resistance could be at the 141.50 major level following the 142.00 level. Technical indicators suggest a bearish sentiment to retest the 141.00 psychological support. USD/JPY continues to experience declines, driven by the weakening US Dollar (USD) influenced by subdued US

Share: WTI declined on Thursday, extending losses as broad-market risk flows reverse direction. Crude Oil markets are facing declines, shrugging off an unexpected decline in US crude stocks. Rough year-end markets are pulling down barrel prices to close out 2023. West Texas Intermediate (WTI) US Crude Oil extended a decline on Thursday, backsliding into the

Share: The Swiss Franc finishes 2023 as the top G10 performer. Economists at ANZ Bank analyze CHF outlook. Weaker EU growth is associated with a stronger CHF TWI on a broader time horizon We think the SNB will be less concerned with supporting CHF strength in 2024. Weaker EU growth is associated with a stronger

Share: The DXY Index fell to its lowest level since July, below 101.00. Markets are placing bets on six rate cuts by the Federal Reserve for 2024. As for now, investors are pricing in the first cut in March. The US Dollar (USD) continues to experience sharp losses, with the US Dollar Index (DXY) trading

Share: Russian Deputy PM Alexander Novak expressed his view on oil supply cuts and Brent oil prices in 2024, in his appearance on Wednesday. Key comments Russia is a responsible participant of OPEC+ agreement Our companies are sticking to their obligations on supply cuts. Russia ensures stable work of oil industry and its strategic development.

Share: The US Dollar is rebounding from Friday’s selloff as investors gear up for holiday. The Loonie briefly rallied to a fresh 19-week high as rate-hungry markets pummel the USD. USD/CAD set for a fifth weekly decline in six straight weeks. The USD/CAD pared back above 1.3260 after plunging to a fresh 19-week low on

Share: Gold pulls back after testing $2,070 ahead of Friday’s pre-holiday close. Rising investor bets of faster, more frequent Fed rate cuts squeeze Gold higher. US inflation continues to cool off, Treasuries ease back amidst risk appetite recovery. XAU/USD briefly tested above $2,070 on Friday before paring back toward the day’s opening bids. With the

Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh 15-week high on Friday as the broader market took one last opportunity to

Share: The GBP/USD is holding on the high side after US PCE inflation settled further on Friday. UK Retail Sales grew in November, Pound Sterling bidders shrug off UK GDP QoQ decline. US Dollar flows are decidedly bearish, propping up the broader market. The GBP/USD is on the high side amidst some rough chop in

Share: The GBP/USD is on the high side amidst some rough chop in the US market session, holding above the 1.2700 handle the pair reclaimed during the European trading window after the UK reported better-than-expected Retail Sales in November. Read More… The Pound Sterling (GBP) extends its recovery on Friday, supported by upbeat UK Retail Sales data

Share: Economists at Danske Bank view narrowing rate differentials between Japan and G10 to favour the JPY over the coming year. Yield differentials to be a tailwind for the JPY over the coming year We forecast USD/JPY to steadily decline below 135 on a 12M horizon. This is primarily because we believe that long US

Share: DXY Index plunged towards the 101.90 area, posting 0.40% daily losses. Gross Domestic Product of the United States expanded at an annual rate of 4.9% in Q3, revised from 5.2% US Jobless Claims accelerated in the second week of December. The US Dollar (USD) measured by the DXY index plunged to 101.90 and nears

Share: NZD/USD grapples to gain ground after retreating from a five-month high at 0.6298. Improved US data showed positive signs for the US economy, providing support for USD. Investors await US GDP data for further impetus on the US economy. NZD/USD holds its position below 0.6250 during the early European hours on Thursday, struggling to

Share: The Mexican Peso is middling on Wednesday but keeping close to the top end. Mexico’s October Retail Sales came in better than expected. US Dollar flows helping to prop up MXN despite a dovish Banxico. The Mexican Peso (MXN) is holding in place, pinned into recent highs against the US Dollar (USD) as broad-market

Share: Indian Rupee edges lower despite the softer USD. The Reserve Bank of India (RBI) pushed back against the IMF, saying the intervention in the currency market was excessive. Q3 US GDP growth, Core Personal Consumption Expenditures Price Index (PCE) will be closely watched this week. Indian Rupee (INR) trades on a softer note on Wednesday

Share: Mexican Peso advances against the US Dollar, USD/MXN threatens 17.00 support area. Mexico’s economic docket ahead includes Retail Sales on Wednesday, followed by Thursday’s inflation data. US housing data was solid but failed to move the needle in favor of the US Dollar, which remains on the defensive. The Mexican Peso (MXN) continues to

Share: Australian Dollar remains bullish after the RBA meeting minutes release. Australian policymakers suggest further tightening will depend on data and assessment of risks. New York Fed President John Williams dismissed speculation regarding a potential rate cut in March. The Australian Dollar (AUD) moves on an upward trajectory for the sixth successive session on Tuesday as

Share: AUD/USD pulls back from recent five-month highs of 0.6735 amid a rebound in US Treasury bond yields. Regional Federal Reserve officials had pushed back against rate cut expectations. Traders await the Reserve Bank of Australia (RBA) last meeting minutes. The AUD/USD retreats from five-month highs of 0.6735 and drops below the 0.6700 figure courtesy