FX

Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor data release,

Share: Mexican Peso gained on Friday but printed more than 4% weekly losses. Mexico’s economic docket will feature inflation data in the next week. USD/MXN set to extend its gains after printing a new cycle high at around 18.48. Mexican Peso (MXN) finished the week with solid gains vs. the US Dollar (USD) on Friday

Share: EUR/USD catches a firm lift post-US NFP release, climbing 1.12% from the day’s bottom. Broad-market flows have gone firmly risk-on following a bumper NFP reading for the USD. Euro traders will be looking ahead to Monday’s investor confidence indicator for October. The EUR/USD climbed 117 pips from Friday’s bottom bids of 1.0482 to tap

Share: USD/JPY ascends to 149.50, rebounding from lows, driven by a US jobs report that eclipsed market expectations. Despite a surge, USD/JPY retraces slightly, settling around 149.20, with US 10-year note yielding at a sturdy 4.780%. Japanese officials express concerns over Yen volatility, while a rise in the 10-year JGB coupon hints at potential BoJ

Share: Nonfarm Payrolls (NFP) in the US rose by 336,000 in September, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading came in much higher than the market expectation of 170,000. The 187,000 increase recorded in August also got revised higher to 227,000. The Unemployment Rate held steady at 3.8% and the Labor

Share: The White House has begun planning a November meeting in San Francisco between President Biden and Chinese leader Xi Jinping to stabilize relations between the world’s two most powerful nations. This would be the first meeting between the leaders of the world’s two largest economies since they met in November last year in Bali,

Share: USD consolidates as yields remain supportive. Economists at Scotiabank analyze Greenback’s outlook. DXY gains remain stretched High US yields and wide rate differentials will keep the USD well-supported in the near-term at least but the disruptive impact of the US Treasury sell-off is a niggling concern for investors and may be increasing the risk

Share: USD/JPY trades sideways below the 149.00 area, supported by the suspected FX intervention by Japanese authorities. US private payrolls rose by 89,000 in September vs. 180,000 prior. 10-year Japanese Government Bond (JGB) yield spiked to 0.8% for the first time since 2013 on Wednesday. Market players await the highly-anticipated US Nonfarm Payrolls. The USD/JPY

Share: Oil (WTI) not enjoying the week as it trades below $90. The US Dollar printed a new high in the US Dollar Index, flirting with the 52-week high. Despite supply cut confirmations and US stockpile drawdowns, prices remain under pressure.  Oil prices already had a busy morning this Wednesday with OPEC+  issuing its report.

Share: NZD/USD extends its downside above 0.5900 amid the cautious mood and USD demand. US JOLTS Job Openings came in above expectations. The Reserve Bank of New Zealand (RBNZ) is likely to hold the rate unchanged at 5.50% at its October meeting. Traders await the RBNZ rate decision on Wednesday. The NZD/USD pair remains on

Share: JOLTS report will be watched closely by Fed officials ahead of September jobs data. Job openings are forecast to hold steady at around 8.8 million on the last business day of August. US labor market conditions remain out of balance despite Fed rate hikes. The Job Openings and Labor Turnover Survey (JOLTS) will be

Share: AUD/USD remains flat around 0.6362 as traders turn cautious ahead of Australia’s key event. US ISM Manufacturing PMI came in at 49.0 in September vs. 47.6 prior, better than expected. Market players expect another interest rate pause at 4.1% from the Reserve Bank of Australia (RBA) on Tuesday. The AUD/USD pair consolidates its recent

Share: Oil (WTI) heads higher on Monday, halting the sell-off at the end of last week. The US Dollar is flat and under a bit of pressure from a risk-on market mood. The door is open towards $94 with more headlines underway in the wake of the Adipec meeting. Oil prices are recovering from the

Share: AUD/USD remains confined near 0.6430 amid the USD demand. The annual Core PCE Price Index rose 3.9% vs. 4.3% prior, the monthly figure grew 0.1% vs. 0.2% prior. China’s manufacturing PMI grew into positive territory. Traders await the US ISM Manufacturing PMI ahead of the Reserve Bank of Australia (RBA) rate decision on Tuesday.

Share: Canadian Dollar back into recent lows as Crude Oil prices tumble on Friday. Canadian GDP missed market expectations, economic growth came in flat. USD/CAD etches in a new high for the week as CAD slips, US Dollar recovers. The Canadian Dollar (CAD) saw both a new high and a new low against the US

Share: The GBP/USD initially rose on Friday, but got knocked lower as the market broadly swept back into the US Dollar. The US Dollar index caught a late bid to push back into the middle to close out the trading week. Recession risk is still quite high in the UK, capping Pound Sterling bids. The

Share: Mexican Peso finished the week on a lower note against the US Dollar. Mexico’s inflation rate will be the highlight of the economic agenda for the next week. USD/MXN could turn sideways after Banxico is determined to hold rates higher to curb inflation. The Mexican Peso (MXN) held to its gains vs. the US

Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged over 9%