FX

Share: EUR/USD continues to cycle north of 1.0800. European data confirms preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck in a near-term range between 1.0840 and 1.0810 as markets settle in for the weekend and gear up for the long wait for significant data. Fresh figure

Share: The DXY exhibits mild daily gains in Friday’s session. The Federal Reserve’s measured approach alongside a robust labor market reduces expectations of rate cuts. The market expects no chance for a March rate cut and less than a 25% chance of a cut in May.  Investors keenly await upcoming economic reports for further insights

Share: USD/CAD dipped to 1.3461 before a US-session surge back to 1.3500. It’s a thin Friday on the economic calendar. USD/CAD put a lot of effort going nowhere this week. USD/CAD looked in both directions on Friday as markets see thin action heading into the week’s closing bell. It was a relatively sedate trading week

Share: Inflation expectations among Eurozone consumers edged higher from 3.2% in December to 3.3% in January for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Friday. Additional takeaways “Median expectations for inflation over the next 12 months rose to 3.3% in January from 3.2% December, while expectations for three years

Share: Another solid print from the weekly report of the US labour market lent extra support to the Fed’s tighter-for-longer narrative, although the move in the Greenback was limited. Furthermore,  room to the Greenback and sponsored a broad-based knee-jerk in the risk-complex, while the generalized upbeat flash readings from PMIs initially bolstered a spike in

Share: UK Manufacturing PMI rose to 47.1 in February, missing estimates of 47.5. Services PMI in the UK held steady at 54.3 in February, a positive surprise. GBP/USD holds gains near 1.2700 after mixed UK business PMIs. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to

Share: According to reporting by Axios, the US federal government could be pushed into another government shutdown scenario over spending bills. The self-titled “Freedom Caucus”, a collection of far-right adherents within the US legislature, is pushing for a sweeping set of year-long spending restrictions that could trigger a shutdown within the US government. Key quotes

Share: Gold price attracts some buyers for the fifth successive day amid modest USD weakness. Geopolitical risks benefit the safe-haven XAU/USD and remain supportive of the uptick. Elevated US bond yields cap any further gains ahead of the key FOMC meeting minutes. Gold price (XAU/USD) fails to break through the 50-day Simple Moving Average (SMA)

Share: EUR/USD climbed above 1.0800 early Tuesday, testing the 1.0840 region. Broad market US Dollar sell-off props up the Fiber. Markets await Fed Meeting Minutes, EU PMIs. EUR/USD climbed to a two-week high just shy of 1.0840 on Tuesday after the US Dollar (USD) broadly fell before recovering in the US trading session after American

Share: India’s Nifty and Sensex keep rebound intact after opening Tuesday in the red.   On Monday, Nifty hit an all-time high near 22,190, Sensex closed just below 73,000. Nifty and Sensex traders brace for a relatively light India’s economic docket and Fed Minutes from the US.   The Sensex 30 and Nifty 50, India’s

Share: GBP/USD stands flat, markets await key data releases and Federal Reserve minutes for direction In Monday’s session, the GBP/USD traded with mild losses at the 1.2597 level. The market showed a limited market movement due to the absence of high-tier economic releases and the Presidents’ Day holiday, taking the US Traders out of the

Share: India’s Nifty and Sensex extend bullish momentum into the fifth straight day on Monday.   Nifty sits at all-time high near 22,150, Sensex rebounds after turning red in the first hour of trading. Nifty and Sensex traders brace for a relatively light India’s economic docket and Fed Minutes from the US.   The Sensex

Share: Mexican Peso drops amid strong Dollar, fueled by ongoing inflation signs and upbeat consumer sentiment. Anticipation for Mexico’s Retail Sales, Q4 GDP and mid-February inflation data could influence Banxico’s policy direction. US PPI surge in January and positive consumer sentiment sponsor USD/MXN upside. The Mexican Peso (MXN) depreciated against the US Dollar (USD) on

Share: Coinbase traded up as much as 13% on Friday following earnings. Q4 2023 gave Coinbase its first profitable quarter in nearly two years. Coinbase earned $1.04 per share on a GAAP basis in Q4. Q1 2024 received an upward revision in expected revenue from management. Coinbase Global (COIN) stock soared as much as 13%

Share: USD/JPY advances to 150.16, lifted by US inflation figures and positive consumer outlook. Fed’s Bostic and Daly call for a cautious stance on rate cuts, advocating patience. Technical outlook suggests bullish potential for USD/JPY, eyeing targets beyond 151.00 with key supports in focus. The USD/JPY is set to finish the day and the week

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