FX

Share: USD/JPY meets with some supply on Friday and snaps a three-day winning streak to the YTD top. Intervention fears benefit the JPY and exert pressure on the pair amid subdued USD price action. The divergent Fed-BoJ policy outlook should limit the downside ahead of the US PCE Price Index. The USD/JPY pair edges lower

Share: The USD/CHF is toying with 0.9000 as the Greenback gets bid into a third straight day of gains. Little of note for the Franc on the economic calendar until next Tuesday’s Swiss Retail Sales. US Durable Goods, GDP figures soundly trounce market expectations, though labor data sees more unemployed. The USD/CHF is trading directly into

Share: USD/CAD attracts some buyers above 1.3800 amid the firmer USD. Bank of Canada (BoC) held interest rates steady on Wednesday. The speech of Israel’s Prime Minister exerts pressure on the riskier asset like Loonie. Traders will monitor the US Q3 GDP data due later on Thursday. The USD/CAD pair gains traction above the 1.3800

Share: NZD/USD prints a daily high of 0.5869 before dropping to 0.5825, losing 0.30% amidst strong USD. US Dollar Index (DXY) gains 0.11%, reaching 106.35, boosted by the Middle East conflict and strong US economic data. New Home Sales in the US rose 12.3% MoM in September, contributing to the Greenback’s strength. NZD/USD extended its

Share: Gold price attracts buyers on Wednesday and recovers further from the weekly low. Softer US bond yields keep the USD bulls on the defensive and lend some support. Recession fears and geopolitical risks further seem to benefit the safe-haven metal. Gold price (XAU/USD) builds on the overnight bounce from the $1,954-1,953 region and gains

Share: The US Dollar cleared Monday’s losses, and the DXY Index jumped above 106.00. The S&P Manufacturing and Services PMI rose to expansion territory above 50.00 in October. US Treasury yields recover, allowing the USD to find demand. The US Dollar (USD) measured by the US Dollar Index (DXY) rose toward 106.30 on Tuesday, seeing

Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. The pullback in US Treasury yields is weighing on the Greenback. The Australian Dollar (AUD) aims to trade in the

Share: The US Dollar faces selling pressure as investors await fresh catalyst. Dovish bets on the Fed and lower US yields weakened the green currency. The US will release the preliminary estimate of Q3 GDP and PCE inflation data this week.  The US Dollar (USD) measured by the US Dollar Index (DXY) declined to the

Share: Gold prices snap the winning streak amid US Dollar rebound. Escalation of the Israel-Hamas conflict could limit the downfall in the prices of Gold. Greenback receives upward support on improved US Treasury yields. Dovish remarks by Fed officials weakened the buck. Gold price halts the winning streak that began on October 17, trading lower

Share: NZD/USD saw 0.30% losses declining near 87.30 . The cross tallies a four-day losing streak and will close a 0.80% losing week. For the first time since April, the pair trades below the 20 and 100-day SMA. In Friday’s session, the NZD/JPY continued facing selling pressure, seeing losses for a fourth consecutive day. The bears

Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar Index (DXY) oscillates between gains and losses in the 106.15 area,

Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second straight day,

Share: Mexican Peso remains defensive, as it registered over 0.70%% weekly loss vs. the US Dollar. Mexico’s August Retail Sales mixed as the economy decelerates. Geopolitical risks cap Peso’s gains, including tensions in the Middle East and US military base attacks. Mexican Peso (MXN) stays firm versus the US Dollar (USD) as Wall Street closes,

Share: Pound Sterling dropped after data showed that UK Retail Sales declined by almost 1% in September. The decrease in Retail Sales suggests a weakening household’ spending, which is the main driver of the UK economy. The Bank of England is widely expected to leave interest rates unchanged. The Pound Sterling (GBP) retreated after the UK Office

Share: Australian Dollar continues to lose ground after the release of stronger US data. Australia’s Unemployment Rate outperformed expectations, standing at 3.6%. The PBoC left Loan Prime Rates (LPR) unchanged at 3.45% for the one-year and 4.20% for the five-year. US Jobless Claims declined to 198K the lowest level since January. Fed Chair Powell suggested that

Share: Economists at CIBC Capital Markets still see additional scope for investors to add to US Dollar longs into the end of this year. Higher for longer means the US Dollar gets stronger The US economy is less vulnerable to ‘higher for longer’ rates. We expect investors to add to USD longs as the Fed

Share: Indian Rupee posts modest gains amid the further escalation of geopolitical tensions in the Middle East. The rising geopolitical tension between Israel-Hamas might limit the INR’s upward path. The Federal Reserve’s Beige Book update showed the US economic outlook had “little to no change” between September and early October. The Indian Rupee (INR) edges

Share: The Euro trades on the defensive against the US Dollar. Stocks in Europe close the session with marked losses. EUR/USD loses some momentum and slips back to 1.0550. The USD Index (DXY) looks bid in the low 106.00s. Eurozone final inflation figures matched the preliminary readings. Housing Starts expanded 7.0% MoM in September. The Euro (EUR)