FX

Share: The UK CPI report will be published by the Office for National Statistics on Wednesday. Headline and Core annual inflation are set to fall in September but will likely stay above 6.0%. The UK CPI data could offer cues on the BoE’s policy path and ramp up Pound Sterling volatility. The all-important Consumer Price

Share: The trade-weighted US Dollar Index against a basket of 26 currencies is up more than 5% from its July low. Economists at the National Bank of Canada analyze Greenback’s outlook. Interest rate differentials support Dollar appreciation The USD’s strength has been supported by widening interest rate differentials with its major trading partners. US yields

Share: Crude oil prices continue the losses after news on the US-Venezuela Oil deal. US could sign a pact with the Venezuelan government involving easing sanctions on its oil industry. Traders appear to be adopting a wait-and-see approach; seeking more cues related to the Middle East conflict. The Western Texas Intermediate (WTI) oil price experiences

Share: The Euro keeps the bid bias unchanged against the US Dollar. Stocks in Europe close the session with a decent advance across the board. EUR/USD faces immediate target at the 1.0600 hurdle. The USD Index (DXY) meets initial support around 106.30. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index worsens less

Share: As risks of the Hamas-Israel war engulfing the entire region mount, the United States (US) and its allies step up their efforts to douse the flare-up, as they remain concerned about a potential Iranian intervention in the conflict.  White House National Security Advisor Jake Sullivan said Sunday the US couldn’t rule out Iran intervening either directly

Share: EUR/JPY slips inside the Ichimoku Cloud after maintaining levels above it for the past three sessions. The pair breaches the October 12 low of 157.64, with potential further descent towards crucial support levels identified around 156.49/47, 156.00 mark, and Kumo’s bottom at 155.55/60. For upward momentum, the EUR/JPY needs to reclaim the 158.00 level

Share: The GBP/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week’s lows. Coming up next week: UK labor and wages figures on Tuesday,

Share: Mexican Peso stalls the USD/MXN rally towards 18.00, as the pair clings to losses of 0.02%. The University of Michigan consumer sentiment indicates growing pessimism amongst Americans as inflation expectations rise. Dovish comments from Fed officials, including Philadelphia Fed President Patrick Harker, suggest a rate hike pause. Mexican Peso (MXN) calmly stands off against the US

Share: AUD/USD touches new weekly lows at 0.6289, trading with losses of 0.32%. The University of Michigan’s Consumer Sentiment in the US deteriorates, with inflation expectations rising. China’s struggling economy and Middle East geopolitical tensions further dampen AUD sentiment. The Australian Dollar (AUD) touched new weekly lows of 0.6289 against the US Dollar (USD) courtesy

Share: The Greenback heads lower again after earlier erasing all losses from earlier this week. Import-Export numbers to point to a slow down.   The US Dollar Index flirts with a 106 break again. The US Dollar (USD) is picking up where it left off on Thursday, showcasing its resilience after one component of the monthly

Share: Australian Dollar dipped post-release of the US headline inflation. Consumer Inflation Expectations raised the odds of RBA to increase interest rates. US Dollar advanced following the slew of upbeat US data. The Australian Dollar (AUD) attempts to retrace the recent losses, leaning towards the negative. This shift is attributed to the optimistic economic data

Share: NIO stock has stalled out near $9 right at the 21-day moving average. The September US CPI that came out before Thursday’s open showed headline inflation  Nio stock is having difficulty recovering from a 17% plunge following its decision to raise $1.5 billion from convertible bonds. Equity futures including the NASDAQ 100 advanced 0.4%

Share: Producer inflation in the US accelerated in September.  US Dollar Index stays below 106.00 after the PPI data. The Producer Price Index (PPI) for final demand in the US rose 2.2% on a yearly basis in September, up from the 2% increase recorded in August, the data published by the US Bureau of Labor

Share: NZD/USD touches a one-month peak on Wednesday and is supported by a softer USD. Reduced bets for more rate hike by the Fed and a positive risk tone weighs on the buck. Investors now look to the US PPI and the FOMC minutes for some meaningful impetus. The NZD/USD pair attracts some follow-through buying

Share: The Euro hovers around 1.0580 against the US Dollar. Stocks in Europe trade with marked gains on Tuesday. EUR/USD advances to weekly peaks just past 1.0600. The USD Index (DXY) reclaims the 106.00 barrier and above. ECB President Christine Lagarde speaks later. The Euro (EUR) reverses the initial weakness against the US Dollar (USD), encouraging EUR/USD to

Share: Natural Gas prices jump to $3.59. The US Dollar eases as markets turn towards risk on.  US Natural Gas prices could reach $4 if further supply hiccups emerge. Natural Gas prices keep pressing higher as supply towards Europe is getting cut short from all sides. First and foremost the Australian ports are due to

Share: EUR/JPY fades Monday’s drop and climbs to the 158.00 region. Further side-lined trade appears favoured so far. EUR/JPY sets aside Monday’s small pullback and resumes the upside to the boundaries of the 158.00 zone on Tuesday. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a

Share: USD/JPY opens with a modest bearish gap on Monday, though lacks any follow-through selling. Escalating geopolitical tensions in the Middle East benefits the JPY and exerts some pressure. Subdued USD price action fails to provide any meaningful impetus amid intervention fears. The USD/JPY pair struggles to capitalize on Friday’s positive move and opens with