FX

Share: USD/COP traded between 3,900 and 4,000 during January. Economists at Scotiabank analyze the pair’s outlook. COP to depreciate a bit to USD/COP 4,100 range A more hawkish BanRep is helping the COP at the moment but external central bank hawkishness may help push USD/COP up towards our trading band.  We think the COP will

Share: In the US, investors are concerned about the commercial real estate (CRE) market. Economists at Commerzbank provide an overview of the situation. Neglected risks tend to lead to greater turbulence It is likely that it will take several years to overcome the problems, particularly in the office real estate sector.  The Federal Reserve does

Share: GBP/USD remains on the defensive around 1.2590 in Friday’s early European session.  The UK Retail Sales came in stronger than expected, rising 3.4% MoM in January from a 3.3% decline in December. The weaker US Retail Sales in January prompted the possibility that the Fed might cut the interest rates sooner.  Traders will monitor

Share: The Pound Sterling (GBP) climbed during the North American session following a soft retail sales report that lifted the major from a crucial technical level. Consequently, the Greenback (USD) is on the defensive as the GBP/USD trades at 1.2586, up 0.17%, after jumping off a daily low of 1.2541. Read More… The Pound Sterling

Share: Here is what you need to know on Thursday, February 15: The US Dollar (USD) failed to build on Tuesday gains and the USD Index (DXY) closed in negative territory on Wednesday as the risk mood improved in the American session. Eurostat will release Trade Balance data for December in the European session. Later in

Share: The DXY Index recorded losses in Wednesday’s session, falling toward 104.70. Investors are taking profits from Tuesday’s rally following CPI. Focus now shifts to Retail and PPI data from January.    The US Dollar (USD) measured by the Dollar Index (DXY) experienced a dip on Wednesday as it declined near 104.70. This downward trajectory

Share: United Kingdom CPI rose 4.0% YoY in January vs. 4.2% forecast. Monthly British inflation fell to -0.6% in January vs. -0.3% estimate. GBP/USD drops below 1.2600 on UK CPI inflation data. Consumer Price Index (CPI) in the United Kingdom (UK) rose at an annual rate of 4.0% in January, steadying from that seen in

Share: Mexican Peso tumbles as US CPI data exceeds forecasts, boosting the US Dollar. Unexpectedly high US inflation in January shifts market outlook, questioning the Fed’s upcoming interest rate decisions. Mexico’s economic calendar is light on Tuesday with attention turning to next week’s Retail Sales, GDP and inflation reports. Banxico’s Rodriguez Ceja emphasizes ongoing disinflationary

Share: Australian Dollar loses ground amid a stable US Dollar. Australian Consumer Confidence jumped 6.2% to 86 in February. The US Dollar holds ground despite subdued US Treasury yields. US CPI YoY and MoM could moderate to 2.9% and 0.2%, respectively, in January. The Australian Dollar (AUD) retreats after posting gains in the previous two

Share: The DXY stands at 104.10 on Monday with mild gains. Fed’s dovish stance remains in place despite minimal chance of a March rate cut. January’s CPI figures on Tuesday are set to determine the timing of Fed cuts and USD dynamics. The US Dollar (USD) remains firmly positioned at 104.10, demonstrating stability ahead of

Share: Indian Rupee edges higher in a quiet session on Monday The Reserve Bank of India (RBI) is expected to cut rates by 25 bps in each of the third and fourth quarters.  Investors await India’s CPI inflation data due on Monday at 12:00 GMT. Indian Rupee (INR) recovers on Monday amid muted early trading,

Share: S&P 500 ended the week at a new all-time high above 5,000. Alibaba, PayPal and Disney were among noteworthy companies that reported earnings this week. Technology Sector is the best-performing S&P 500 major sector on Friday. The S&P 500 (SPX) index rose 0.57% to close the session at 5,026.61. The Dow Jones (DJIA) dropped

Share: EUR/USD found some room higher but still lacks upside momentum. Final German HICP and CPI inflation brought no surprises. US CPI inflation, EU GDP figures slated for next week. The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. However, the pair remains firmly planted on the low side

Share: Cloudflare traded up as high as 22% on Friday after releasing earnings on Thursday. Cybersecurity firm beat earnings and sales consensus for the fourth quarter. Adjustment to inflation readings helped stock indices to the upside on Friday. NET stock may find support closer to $100 psychological level. Cloudflare (NET) stock has lost just 0.85%

Share: The EUR/GBP currently trades at 0.8536, reflecting minor losses on Friday. The pair will tally a seven-week losing streak. Focus is set on next week’s British economic data including inflation and labor market reports. A more hawkish stance of the BoE in relation to the ECB gives the Pound traction. On Friday’s session, the

Share: Following Monday’s Powell-driven sharp rebound in the US Dollar, the risk-linked galaxy managed to regain some balance as the sessions passed by, sparking a decent recovery in the likes of the single currency and the British Pound in an environment broadly dominated by speculations surrounding the potential timing of interest rate cuts by the

Share: USD/CHF inches higher on geopolitical tension in the Middle East. The US Dollar receives upward support on market caution. Market participants await the Swiss CPI data scheduled for Tuesday. USD/CHF retraces its recent losses as the US Dollar (USD) strengthens amid heightened geopolitical tensions in the Middle East, edging higher to around 0.8740 during

Share: Canadian Dollar is broadly higher in calm markets. Canada Unemployment, Average Hourly Wages due on Friday. Canadian Dollar in tight race with recovering US Dollar. The Canadian Dollar (CAD) has stepped broadly higher against the majority of its major currency peers on Thursday, though the CAD is battling a recovering US Dollar (USD) as