FX

Share: USD/INR is declining toward 82.00 as investors are yet to discount the overnight sell-off in the USD Index. Weak US Job Openings data is indicating that the tight US labor market is cooling-off. S&P500 futures have added nominal gains after a bearish Tuesday, portraying caution in the overall market mood. The USD/INR pair is

Share: Bank of England Chief Economist Huw Pill said on Tuesday that caution is still needed in assessing inflation prospects on account of the potential persistence of domestically generated inflation, as reported by Reuters. Key takeaways “The onus remains on ensuring enough monetary tightening is delivered to see the job through.” “There is a lot

Share: Global markets remain dicey as traders reassert week-start moves amid a light calendar. S&P 500 Futures seesaw around multi-week high, prods four-day uptrend of late. US 10-year, two-year Treasury bond yields pause the previous fall but struggles to recover of late. OPEC+ shock gains mixed response amid downbeat US data, geopolitical challenges test optimists.

Share: USD/JPY’s rally is at risk of running out of steam. Year-end foreign bond buying might have fuelled some of this move higher and that is unlikely to be sustained while the scale of the drop in US yields still points to downside USD/JPY risks, economists at MUFG Bank report. JPY weakness may not be

Share: NZD/USD stays defensive as it attacks short-term key support confluence inside bearish chart formation. China PMIs drop in March, NZIER hints at 0.25% RBNZ rate hike. 200-SMA, rising wedge’s support line challenge sellers even as bearish MACD signals keep them hopeful. Bulls need successful break of 0.6300 to retake control. NZD/USD grinds near the

Share: US Department of Commerce reported that PCE was below estimates, spurring speculations for a Fed shift. Oil prices rise after output reduction at several oilfields in northern Iraq’s Kurdistan region. Western Texas Intermediate (WT), the US crude oil benchmark, is set to finish the week with more than 9% gains after touching a YTD

Share: A triple bottom in the EUR/USD daily chart remains in play but at a brisk of being negated. EUR/USD’s price action during the last couple of weeks created a double top, which could shift the pair’s bias. The Euro (EUR) drops from around weekly highs of 1.0925 on a buoyant US Dollar (USD) and

Share: Gold price pulls back after spiking higher following lower-than-forecast US Personal Consumption Expenditure price data. Three Federal Reserve officials say more work needs to be done to bring down inflation. Never mind deposits, what about bank’s assets? Questions economist who sees crisis reviving and Gold exceeding $2,000. Gold may be forming a triangle in

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,