FX

Share: USD/CHF drops as US core PCE rose by 4.6% YoY, below the previous month. The University of Michigan’s Consumer Sentiment was below expected. USD/CHF Price Analysis: Presses toward 0.9100, but sellers struggle to break that support below. USD/CHF falls to a new weekly low below 0.9126, sponsored by economic data from the United States

Share: GBP/USD attracts some dip-buying and remains closer to over a two-month high set on Friday. The USD pares intraday gains in reaction to softer inflation data and lends support to the pair. The fundamental backdrop favours bulls and supports prospects for a further appreciating move. The GBP/USD pair reverses a dip to the 1.2355-1.2350

Share: AUD/USD is a touch higher as China’s March Official PMI Manufacturing arrived at 51.9  vs. the expected 51.5 while Services came in at 58.2 vs. the expected 54.3. AUD/USD update The Australian Dollar edged higher on Friday as banking fears calmed a little, while bonds were boasting their best month in a decade after expectations for rate hikes

Share: GBP/USD Forecast: Pound Sterling needs to overcome 1.2360 to push higher Following a decline toward 1.2300, GBP/USD has gathered bullish momentum and advanced to the 1.2350 area early Thursday. The pair faces strong resistance at 1.2360 and it needs to flip that level into support to continue to push higher. Read more… Could GBP/USD drop

Share: Silver price retreats after positing bearish candlestick the previous day. Overbought RSI conditions, repeated failures to cross three-month-old resistance line also tease XAG/USD bears. 10-DMA restricts immediate downside; $24.00 acts as an extra filter towards the north. Silver price (XAG/USD) slides to $23.30 while printing mild losses during Thursday’s sluggish Asian session. In doing

Share: GBP/USD Outlook: Bulls could aim to retest double-top resistance near 1.2445-50 area The GBP/USD pair struggles to capitalize on its two-day-old uptrend to the highest level since early February and attracts some sellers in the vicinity of mid-1.2300s during the Asian session on Wednesday. The downtick is sponsored by a modest US Dollar (USD)

Share: AUD/JPY has dropped sharply to near 87.80 as Australian inflation has softened further to 6.8%. The collaborative effect of weaker Retail Sales and softening price index would support the RBA in keeping policy unchanged. BoJ Kuroda remained extremely dovish for further monetary policy as the sustainable inflation target has not been met yet. The

Share: EUR/USD extends the upside bias beyond 1.0800. Further gains could see the monthly high near 1.0930 revisited. EUR/USD adds to the promising start of the week and surpasses the key 1.0800 hurdle on Tuesday. The continuation of the bullish move appears favoured for the time being. Against that, the pair could now set sail

Share: AUD/USD stays firmer for the second consecutive day, picks up bids after upbeat data. Australia Retail Sales grew 0.2% MoM in February, versus 0.4% expected and 1.9% prior. Aussie buyers also cheer upbeat comments from Australian diplomat, US Treasury as they amplify banking optimism. RBA’s Ellis, US CB Consumer Confidence eyed for intraday directions,

Share: The US Dollar Index is drifting towards the February trough near 100.80. Failure to hold above here would trigger another leg lower, economists at Société Générale report. Reclaiming 104 crucial to affirm bounce “It would be interesting to see if the index can carve out a higher low and gradually establish itself above 104,

Share: GBP/JPY has climbed above 160.00 as UK’s retail demand remained robust. Upbeat UK retail demand could keep inflation above double-digit figure. Going forward, the speech from BoJ Ueda will be keenly watched. The GBP/JPY pair has extended its recovery above 160.00 in the Asian session. The cross has get strength after the release of

Share: GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Read More… The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement

Share: EUR/USD is set to finish the week with decent gains of 0.89%. US economic data was mixed, though it portrays a deceleration of the economy. ECB policymakers remain focused on tackling high inflation levels in the Eurozone. As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not

Share: Gold price back at $2,000 after Fed meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again. Robust Swiss Gold exports to Asia in February “Currently the market expects key rates in the US

Share: St. Louis Federal Reserve President James Bullard said on Friday that the United States remains in a position to see disinflation in 2023. They will see if the Fed may need to react more. He sounded optimistic, by saying the he expected the Fed to be dealing more with the strong economy in the

Share: US Durable Goods Orders overview The US Census Bureau will publish the monthly Durable Goods Orders data for February at 12:30 GMT this Friday. The report is expected to show that headline orders rose by 0.6% during the reported month, which will represent a modest rebound from the 4.5% sharp fall reported in January.

Share: EUR/GBP has gauged an intermediate cushion around 0.8810 as BoE claims rapid inflation softening ahead. The BoE announced a 25 bps rate hike and pushed rates to 4.25% despite fears of banking turmoil. ECB Knot is in favor of further rate hikes in May as inflation is showing no signs of abating. The EUR/GBP

Share: EUR/USD extends its gains on Thursday. Economists at OCBC Bank expect the pair to continue its race higher. Is the ECB the only hawk in town? “EUR continued to trade higher amid softer USD, dovish Fed hike while hawkish comments from ECB officials suggest that ECB may be the only hawk in town.” “Daily