FX

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

Share: The Japanese Yen ticks lower against the US Dollar for the second straight day on Monday. The prevalent risk-on environment is seen as a key factor undermining the safe-haven JPY. The divergent Fed-BoJ policy expectations act as a headwind for USD/JPY and cap gains. Traders also seem reluctant to place aggressive bets ahead of

Share: DXY Index shows resilience despite the worst weekly performance over a month, hovering at 102.60. The US Dollar was lifted by strong S&P Global Services PMI figures from December. Dovish bets on the Fed may limit the upward movement.    The US Dollar (USD), measured by the DXY index, is trading at 102.60, posting

Share: USD/JPY is down almost 2% from Monday’s opening bids. A pivot from the Fed saw the US Dollar decline sharply across the broader forex market. Next week pits the BoJ’s last rate call of the year against US GDP & PCE figures. The USD/JPY wrapped up the trading week struggling to develop momentum in

Share: Mexican Peso dampened by a Fed official pushing back against interest rate cuts. The economy in the United States remains solid, according to a report by S&P Global. New York Fed President John Williams pushes back against rate cuts, a tailwind for USD/MXN. A Banxico survey shows economists expect 200 bps of rate cuts

Share: EUR/JPY stuck near 155.00 as momentum remains limited and markets fade the action. The Euro doesn’t have much to be bid about after Eurozone data misses expectations. The BoJ’s final appearance of 2023 is on the cards for early next week, due sometime Tuesday. The EUR/JPY is getting boxed into near-term lows around the

Share: USD/CHF sees a limited rebound on Friday after hitting four-month lows on Thursday. SNB no longer focusing on forex sales after latest rate decision. Coming up next week: SNB Quarterly Bulletin, US GDP & PCE. The USD/CHF is drifting back towards the 0.8700 handle on Friday after a tense week that saw the Swiss

Share: AUD/JPY holds positive ground around 95.15 during the early European session on Friday. Chinese leaders agreed to set China’s 2024 growth target at around 5.0% and target a budget deficit of 3% of GDP in 2024. The report that the Bank of Japan (BoJ) might exit its negative rate policy sooner than expected lends

Share: Silver posts gains of more than 6% in the last couple of days, sponsored by a dovish Fed. US Treasury bond yields plunge continued for the second straight day. XAG/USD is upward biased in the near term but must reclaim $25.00 to challenge year-to-date (YTD) highs. Silver price climbs and reclaims the $24.00 figure

Share: Dow Futures (YM) has broken to new all-time high, suggesting the trend remains firmly bullish. It also suggests the next bullish cycle has started.  Short term, rally from 11.10.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 11.10.2023 low, wave ((i)) ended at 36337 and dips in

Share: Mexican Peso opens the session soft as traders trim positions awaiting Powell and Co. Prices paid by producers in the US cooled down, adding to the dovish narrative around the Federal Reserve. USD/MXN could aim towards 18.00 if the Fed delivers a hawkish message. Mexican Peso (MXN) weakened against the US Dollar (USD) early

Share: EUR/USD halts its two-day winning streak ahead of monetary decisions from both economies. Technical indicators suggest a potential revisit to the weekly low at 1.0741. A breakthrough above the 1.0800 level could lead the pair to reach the 14-day EMA at 1.0816. EUR/USD halts to continue a two-day winning streak ahead of the monetary

Share: Mexican Peso surpasses the 100-day SMA, prints two-day high. Mexico’s Industrial Production crushed the forecast, ahead of Banxico’s decision on Thursday. The Fed is expected to hold rates unchanged, but uncertainty looms about Powell’s speech. Mexican Peso (MXN) stages a comeback climb against the US Dollar (USD) following an inflation report in the United