FX

Share: US indexes climbed on Friday, led by chip makers. Investors have pivoted to tech shares to shake off Fed rate tantrum. Markets go haywire as the US Dollar, US equities, and Treasury yields all rise. The Standard & Poor’s drove to a new all-time high of $4,839.58 on Friday as equities broadly rallied as

Share: AUD/USD gains 0.34% on positive sentiment, defying a negative housing market report impact. Neutral bias with an upside tilt; breach of 200-DMA at 0.6579 may target 0.6600 and 0.6639. Downside risks include 200-DMA at 0.6579 and the January 17 low of 0.6523 before testing 0.6500. The Australian Dollar (AUD) registers solid gains from the

Share: EUR/USD could be somewhere near 1.1500 by end-2024, economists at ING report. A dose of patience is required We retain a 1.1500 end-year forecast for EUR/USD but see range trading in the near term.  While a re-assessment of the aggressively priced European Central Bank easing cycle could in theory be positive for the Euro,

Share: The late 2023 rally in AUD/USD has faded somewhat in early 2024. Economists at Danske Bank analyze the pair’s outlook. AUD/USD remains firmly in the hands of global risk sentiment With Australian leading indicators pointing firmly downward, and US economic data still remaining solid, we expect relative rates and growth to weigh on AUD/USD

Share: The US Dollar (USD) is still on top across G10 and EM FX. Economists at ING analyze Greenback’s outlook. Dollar can stay broadly supported into the 31 January FOMC We think the Dollar can consolidate after the recent gains, continuing to draw some benefits from Christopher Waller’s remarks earlier this week, which may have

Share: WTI Oil jumps near 1% after Reuters reported overnight drone attacks in Russia. Belguim is joining US/UK task force to attack Houthi rebels and enforce safe passage in the Red Sea. The US Dollar Index caught at mid-103 level after traders repriced rate cut bets from March to May.  Oil prices are at session’s

Share: AUD/JPY moves above a key level of 97.00 after the Australian economic data. Aussie Consumer Inflation Expectations and Unemployment Rate remained consistent at 4.5% and 3.9%, respectively. Japanese Yen faces challenges as BoJ is expected to maintain an ultra-dovish stance. AUD/JPY extends its gains for the second straight session, improving to near 97.10 during

Share: Christine Lagarde will participate in the World Economic Forum, in Davos. ECB President’s speech will be scrutinized for fresh insights on the economy and policy. European Central Bank held rates for the second straight meeting in December.   European Central Bank (ECB) President Christine Lagarde speaks in her first of three stage appearances at the

Share: EUR/USD attempts a modest recovery from over a one-month low touched on Tuesday. Mixed signals from ECB policymakers might hold back bulls from placing aggressive bets. Diminishing odds for an early Fed rate cut underpin the USD and should cap the upside. The EUR/USD pair ticks higher during the Asian session on Wednesday and

Share: AUD/USD dips pressured by rising US Treasury yields and a robust 0.60% gain in the US Dollar Index (DXY). Deteriorating risk appetite and expectations of less aggressive Fed rate cuts contribute to the AUD’s weakness; Fed Governor Waller’s speech highly anticipated. Australian consumer sentiment wanes amid higher mortgage rates and living costs, despite potential

Share: Australian Dollar moves on a downward trajectory as US Dollar strengthens. Australian Consumer Confidence declined by 1.3% in January against the 2.7% prior. Fed Bostic warned that inflation may waver in the upcoming months. Upbeat US bond yields contributed support to underpinning the Greenback. The Australian Dollar (AUD) continues its losing streak on Tuesday

Share: Silver price consolidates around $23.60 as trading volume is lower than average due to closed US markets. Investors are more confident about Fed reducing interest rates from March after soft US PPI data. Deepening Middle East tensions have improved safe-haven appeal. Silver price (XAG/USD) trades back-and-forth around $23.30 in a thin-volume trading session due

Share: Australian Dollar retraces its losses on risk-on sentiment. Australian job advertisements improved by 0.1% in December, from the 4.6% prior. PBoC former director Sheng Songchen stated that China’s property downturn might persist for another two years. US Dollar remains steady amid downbeat US bond yields. The Australian Dollar (AUD) attempts to recover its losses

Share: Marathon Digital Holdings plunged more than 15% on Friday. The peformance of MARA was in response to the crashing Bitcoin price, which lost about 8%. Heavy selling due to redemptions at the Grayscale Bitcoin Trust are to blame.  MARA stock fell below an important support level and might continue trending lower toward support in

Share: The Swiss Franc gained slightly against the Greenback on Friday after US Producer Price Index data fell short of estimates.  Overall PPI fell and core factory gate prices flatlined for three consecutive months. The data substantially increases the probabilities of interest rates falling in the US in the future.  The Swiss Franc (CHF) gained slightly on Friday

Share: EUR/GBP trades neutral at 0.8597, set to close a third straight weekly loss. Key technical indicators suggest a bearish momentum, despite slight gains, with RSI and MACD on the daily chart in negative. Mixed readings are seen on the four-hour indicators. In Friday’s session, the EUR/GBP pair was observed trading flat at around 0.8600.

Share: European stocks climbed, bolstered by improving risk appetite on rate cut hopes. The UK saw a slight return to growth as UK GDP rebounds. US PPI fell more than expected, driving sentiment even higher. Major European equity indexes broadly gained ground on Friday, stepping up ahead of the trading week’s close after UK Gross

Share: GBP underperforms after mixed GDP data for November. Economists at Scotiabank analyze Cable’s outlook. Intraday support is 1.2690/1.2700 UK November GDP rose a stronger than expected 0.3% MoM but fell slightly more than forecast in the 3M/3M comparison (-0.2%). November GDP data suggest economic growth trends remained weak late last year, with a Q4