FX

Share: The Canadian Dollar is getting a leg up as markets turn down the Greenback. Canada sees little of note on the data docket this week. Loonie traders aren’t out of the US data woods yet, US PPI and Retail Sales come tomorrow. The Canadian Dollar (CAD) is catching a bid thanks to a forecast

Share: Further upside momentum could lift USD/JPY to its next target of 152.50 in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann. Key Quotes 24-hour view: We highlighted yesterday that USD “could edge higher to 151.15 before the risk of a more sustained pullback increases.” We

Share: The Canadian Dollar is adrift on a thin market at the start of the trading week. Canada’s Remembrance Day holiday has most provinces out of the office for Monday. The economic calendar is sparse this week, little Canadian data on offer. The Canadian Dollar (CAD) is finding little momentum in thin holiday markets, with

Share: Here is what you need to know on Monday, November 13: Financial markets started the new week in a calm manner, with investors refraining from taking large positions ahead of Tuesday’s key macroeconomic data releases. After closing the previous week in positive territory, the US Dollar (USD) Index holds steady slightly below 106.00 on

Share: The DXY index trades with mild losses at 105.80, closing a 0.70% weekly gain. Fed hawks revived USD strength during the week. UoM consumer sentiment data come in lower than expected. The focus shifts to next week’s inflation figure from the US from October. The US Dollar (USD) showed minimal movement on Friday. The

Share: The Euro has stepped higher against the Pound Sterling for five straight trading days. The EUR/GBP briefly saw a fresh six-month high on Friday. Economic data has mixed for both the EU and the UK, but the market’s hat tip goes to the Euro. The EUR/GBP wraps up another trading week just shy of

Share: The AUD/NZD has etched in a new weekly low at 1.0780 after a week of declines. The Aussie’s backslide comes after reaching a technical ceiling at 1.0940. Buyers to be pushed to the back end for next week if they can’t grab ahold of moving average barriers. The AUD/NZD has managed to hold on

Share: The USD/CHF is seeing a thin bounce for Friday, churning towards 0.9050. The pair is holding steady after falling into the median range near major moving averages. Up Next: On Tuesday, an appearance from SNB Chair Thomas Jordan, US CPI inflation. The USD/CHF is on the high side for the week after Federal Reserve (Fed)

Share: HSBC hands TSLA stock a Reduce rating and price target of $146. Tesla stock is consolidating right on top of $210 support level. HSBC analyst says too much of Tesla growth story comes at end of decade. President Joe Biden supports UAW attempt to unionize Tesla factories. Tesla (TSLA) stock is holding onto a

Share: Gold price trades with a mild negative bias through the first half of the European session.  Reviving Fed rate hike bets underpin the USD and weigh on the non-yielding yellow metal. Receding safe-haven demand contributes to the offered tone, though China’s economic woes may mitigate its losses. Gold price (XAU/USD) posted modest recovery gains

Share: During the Asian session, the Reserve Bank of Australia will publish its Monetary Policy Statement following Tuesday’s rate hike. The New Zealand BusinessNZ Manufacturing Index is due. Later in the day, the focus will shift to UK growth data and the University of Michigan Consumer Sentiment survey. Here is what you need to know

Share: Further decline looks on the cards for USD/CNH once sellers break below the 7.2700 level, argue Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Key Quotes 24-hour view: We highlighted yesterday that “there is a chance for USD to test 7.2700.” We also highlighted that “a sustained drop below

Share: During the Asian session, the Bank of Japan will release the Summary of Opinions. A critical report will be China’s inflation figures, which can impact market sentiment. Later in the day, the weekly US Jobless Claims report is due. Here is what you need to know on Thursday, November 9: The US Dollar posted

Share: Hawkish comments from the Fed and a stronger USD weighed on Gold. Economists at ANZ Bank analyze the yellow metal’s outlook. War-risk premium has faded Gold edged lower as a stronger USD and a hawkish Fed weighed on investor demand for the precious metal. The war-risk premium has also faded as the Israel-Hamas war

Share: Mexican Peso recovered from Monday’s dip, with USD/MXN trading around 17.46. Banxico anticipates maintaining the overnight cash rate unchanged at 11.25%, with market pricing in a steady approach for the upcoming policy decisions. Federal Reserve’s pause in rate hikes last week has led to a 3.75% appreciation of the Peso against the Dollar. Mexican

Share: S&P 500 gained 5.85% last week, its largest weekly gain all year. A break above 4,393 will end the S&P 500’s three-month downtrend by creating a higher high.  US Treasury yields rise on Monday after sharp decline the previous week. Michigan Consumer Sentiment Index for November is expected to rise on Friday. Disney, AMC

Share: US Dollar consolidates previous week’s losses. Economists at Commerzbank analyze Greenback’s outlook. USD’s upside potential largely exhausted Due to a lack of new information on central bank policy, EUR/USD will tend to trade sideways this week.  Based on monetary policy the Dollar’s upside potential is more or less used up and the market prices

Share: The Canadian Dollar is bounding higher, extending weekly gains. Canada Unemployment Rate missed forecasts, hampering CAD upside. CAD gains 17.5K jobs, entirely part-time employment; wage growth also lower. The Canadian Dollar (CAD) is seeing further upside against the US Dollar (USD) after a US Nonfarm Payrolls (NFP) report that came in below expectations, printing