FX

Share: The 1.8% decline in the US Dollar Index (DXY) last week was the largest since the second week of July. Economists at Société Générale analyze Greenback’s outlook. DXY at risk of a deeper retracement towards 102.55 A close below the 200-DMA (103.62) put the DXY at risk of a deeper retracement towards 102.55.  In

Share: Nataxis research is out with a note detailing how long-running supply and demand imbalances in the Eurozone are going to keep rates higher for longer than most markets are currently expecting. The state of supply and demand for goods and services in the eurozone In the recent period (since the start of 2023), insufficient

Share: “With inflation halved we can now look forward to the future economy we want to build,” United Kingdom (UK) Prime Minister Rishi Sunak said on Monday. Additional  quotes We believe in cutting taxes carefully and sustainably. Our approach starts with controlling inflation. We have met our commitment to halve inflation. To develop the economy we

Share: Stock Market Report: Analysis and trading strategies: NASDAQ, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL.Stock Market Summary: Expecting further upside this week, as we are not at the end of this current trend. We are however in the later stages of the trend, so managing

Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday. At the

Share: The AUD/JPY saw a late break higher in Friday’s broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds remain. The AUD/JPY snuck over the 97.50 level just ahead of the Friday closing bell,

Share: Palantir stock trades up to highest price in two years. Stock market indices started Friday on the backfoot. Peter Thiel’s venture capital fund sold $48 million worth of PLTR in Q3. Analyst Dan Ives says tech stocks are at the beginning of a new rally heading into 2024. Palantir (PLTR) stock rose above $20.24

Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy, yet suggesting gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso (MXN) rallies

Share: The Dollar has entered a consolidative phase. Economists at ING analyze USD outlook. Consolidative phase For today, the focus will be on US housing starts and another batch of Fed speakers. Recent Fed speakers have barely moved the needle on expectations of the Fed policy cycle and instead, it has been the data doing

Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the Chinese e-commerce leader’s

Share: The Euro regains the smile against the US Dollar. European stocks open Thursday’s session in a mixed tone. ECB President Christine Lagarde speaks later in the session. The Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday. The

Share: The DXY index first declined to 104.00 and then recovered to 104.40. The headline and core PPI cooled down in October, while US Retail Sales declined but were lower than expected.  Investors seem to worry that strong economic activity data might weigh more than cooling inflation in the Fed’s eyes. The US will report

Share: The Dollar plummeted after a softer-than-expected US CPI reading. Economists at ING analyze USD outlook. Dollar slump looks overdone We still think a turn in activity data – more than the disinflation story – is needed to take the Dollar sustainably lower, and the move appears overdone also from a short-term valuation perspective. Today,

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