FX

Share: The number of job openings on the last business day of December stood at 9.02 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed 8.92 million (revised from 8.79 million) openings in November and came in above the market expectation of 8.75 million.

Share: WTI attracts some buyers on Tuesday amid fears about supply disruptions in the Middle East. Demand concerns in China could act as a headwind for the commodity ahead of the FOMC. Traders now look to the API report on US stockpiles for short-term opportunities on Tuesday. West Texas Intermediate (WTI) US Crude Oil prices

Share: There is a lot more uncertainty in the market right now, and despite reaching a new record, the uptrend is no longer as evident. On Friday, the S&P 500 index set a new all-time high at the level of 4,906.69 before retracing most of the advance and closing 0.07% lower. However, it’s becoming more

Share: Australian Dollar moves on an upward trajectory during a risk aversion sentiment. Australia’s Retail Sales (MoM) is expected to decline by 0.7% in December from the previous growth of 2.0%. Middle East situation has escalated due to the killings of three US service members in a drone attack on a US outpost in Jordan.

Share: AUD/USD ends week down 0.33%, unable to hold above 0.6600, range-bound. Struggle to sustain gains above 200-DMA (0.6576); potential for upward trend watched closely. Key supports at 0.6551, 0.6524; rebound above 200-DMA may aim for resistances at 0.6620, 0.6652. The AUD/USD finished Friday’s session on the back foot, down more than 0.15%, for a

Share: S&P 500, NASDAQ Composite end six-day record streaks. Despite weaker Friday, US indexes closed in the green for a third straight week. US Fed on the docket for next week. US equities closed mixed on Friday to cap off a week of stunning record closes. Over-eager markets that have been leaning into rate cut

Share: DXY Index records a loss, unable to consolidate past 200-day SMA but closes a 0.20% winning week. Core PCE figures from December came in weak. Markets are still pushing the start of the Fed’s easing cycle to May. The US Dollar (USD) Index is presently grappling with losses, trading at 103.35 on the DXY,

Share: EUR/USD reclaims territory near 1.0880 after drop into 1.0820. German Consumer Confidence declined to 11-month low. US PCE inflation eased more than expected, but spending remained high. EUR/USD recovered recent losses on Friday, recovering back into familiar technical levels. Still, overall gains remained limited after German Consumer Confidence backslid to almost a one-year low

Share: Pound Sterling rebounds as market mood improves on soft US core PCE price index data. High UK inflation would allow BoE policymakers to maintain a hawkish tone on interest rates. The US Dollar falls sharpy on softer inflation outlook. The Pound Sterling (GBP) bounces back strongly as the US Core Personal Consumption Expenditure (PCE) Price

Share: Australian Dollar could gain ground on bullish momentum. Australia’s Dollar cheered the improved prices of copper and iron. US Dollar could extend its gains following the firmer-than-expected US GDP figures. US GDP Annualized (Q4) came in at 3.3% above the market consensus of 2.0%. The Australian Dollar (AUD) strives to build on its recent

Share: Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave the key interest rates unchanged in January and responds to questions from the press. Key quotes “Geopolitical tensions in Middle East are an upside risk to inflation.” “Inflation could fall more quickly if energy prices evolve in line with

Share: Australian Dollar loses ground as the US Dollar attempts to recover recent losses. Australia’s inflation is likely to stay above the RBA’s target range of 2.0–3.0%. US Dollar faced downward pressure despite the upbeat US PMI data. The Australian Dollar (AUD) loses its ground for the second successive day on Thursday. The AUD/USD pair encountered

Share: EUR/USD retests the 1.0900 mark. Economists at Scotiabank analyze the pair’s outlook. Trend strength signals are still leaning EUR-bearish EUR/USD traded very weakly on Tuesday but failed to crack the 200-DMA support (1.0845) decisively.  Today’s rebound in the EUR is testing pivotal short-term resistance at 1.0910. Gains through the 1.0900 area have been difficult

Share: The Japanese Yen benefits from the BoJ’s hawkish tilt on Tuesday, though lacks follow-through. Geopolitical tensions and the uncertain global economic outlook underpin the safe-haven JPY. Reduced bets for an early rate cut by the Fed lend support to the USD and the USD/JPY pair. The Japanese Yen (JPY) ticks higher following the previous

Share: GBP/USD trades softer in range. Economists at Scotiabank analyze the pair’s outlook. Price signals are bearish Spot losses on the session so far look relatively mild and the GBP remains well within recent trading ranges. But price signals are bearish.  Intraday trading has developed a bearish ‘evening star’ pattern over the past 24 hours

Share: NZD/USD trades with mild gains around 0.6077 on Tuesday.  FOMC members emphasized that early rate cuts are probably not appropriate.  New Zealand’s Business NZ PSI fell back into contraction in December after reaching a six-month high in November. The NZD/USD pair posts modest gains above the mid-0.6000s during the early Asian trading hours on

Share: GBP/USD is holding a neutral point within the recent 1.2600/1.2800 trading range. Economists at Scotiabank analyze the pair’s outlook. Short-term technicals lean bearish Traders have little to go on and Cable is likely to hold within the recent 1.2600/1.2800 range for a little longer. Trend signals are flat to slightly negative on the shorter-term

Share: EUR/USD kicks off the new week on a positive note on the weaker USD.  The chance for a Fed rate cut at the March meeting fell to 49.3%, a slide from 81% just a week ago. The European Central Bank (ECB) is expected to maintain the interest rate unchanged at its January meeting.  The