FX

The Australian Unemployment Rate is foreseen stable at 4.1% in October. Employment Change is expected at 25K, much lower than the 51.6K posted in September.  AUD/USD is under pressure and may soon pierce the 0.6500 mark.  The Australian Bureau of Statistics (ABS) will release the October monthly employment report at 00:30 GMT on Thursday. The

The Pound Sterling trades with caution near a three-month low of around 1.2750 against the US Dollar as investors brace for US inflation data for October. Market expectations for the Fed to cut interest rates in December have slightly diminished. Investors await BoE Mann’s speech and a slew of Fed speakers for fresh interest rate guidance.

WTI price remains on the defensive near $68.00 in Wednesday’s early Asian session. OPEC’s latest downward revision for demand growth, a stronger USD and weak China demand drag the WTI price lower.  Investors will focus on the US CPI inflation data, which is due later on Wednesday.  West Texas Intermediate (WTI), the US crude oil

The US Dollar takes off again and crushes all its G20 peers.  The Trump trade is the main driver underpinning the Greenback.  The US Dollar index makes its way through a string of strong resistances.  The US Dollar (USD) extends its rally on Tuesday as the Trump trade adds another wave of US Dollar buying.

WTI price drifts lower to near $68.00 in Tuesday’s early Asian session.  The stronger USD weighs on the USD-denominated Oil.  China’s stimulus plan disappointed investors, dragging the WTI price lower.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.00 on Tuesday. The WTI price edges lower amid the fears that a

Japanese parliament will vote in a special session this afternoon to decide on who will take premiership. Prime ministerial vote can take up to two rounds, where in the first round, lawmakers of different political party typically vote for their respective leaders making it unlikely for any candidate to secure a clear majority. Pair was

AUD/USD edges lower to near 0.6580 in Monday’s early Asian session.  The weaker Chinese economic data and Trump’s proposals to raise tariffs drag the China-proxy Aussie lower.  The preliminary University of Michigan’s Consumer Sentiment Index came in better than expected in November. The AUD/USD pair remains under selling pressure around 0.6580 during the early Asian

The Canadian Dollar shed 0.4% against the Greenback on Friday. Canada saw a worse-than-expected print in net new jobs additions in October. Average Canadian wages also rose, maintaining upward pressure on inflation expectations. The Canadian Dollar flubbed a near-term technical recovery on Friday, slumping back into familiar lows against the Greenback. The Loonie remains under

The NZD/USD got rejected by the 20-day SMA by the fourth time this week. Technical indicators point to increasing selling pressure and decreasing buying pressure. A breakout from the 0.5940-0.6030 range will confirm a bearish outlook. In Friday’s session, the NZD/USD declined by 1.05% to 0.5960, continuing its downward trend as the pair got rejected by

AUD/USD falls as the USD regains strength. RBA holds rates steady but remains hawkish, citing inflation risks. The Fed’s neutral outlook suggests caution regarding future rate cuts. The AUD/USD pair declined by 1.25% to 0.6600 on Friday, continuing its downtrend. The renewed strength of the US Dollar weighs on the pair despite improved risk sentiment.

US Dollar rises after UoM positive data. Consumer confidence improves, inflation expectations were mixed. FOMC cuts rates by 25 bps, economic growth remains solid. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose on Friday. This comes after positive University of Michigan data and the

The US Dollar stabilizes on  Friday after a volatile week.  Jerome Powell responded bluntly to markets and reporters on his future as Fed Chairman.  The US Dollar index steadies in the 104-region, looking for a fresh direction.  The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the

USD/CAD trades flat around 1.3860 in Friday’s early Asian session.  The Fed decided to cut the interest rate by a quarter percentage point on Thursday.  The Canadian employment report will be closely watched.  The USD/CAD pair flat lines near 1.3860 during the early Asian session on Friday. The Greenback faces some selling pressure after the

Crude Oil retraces for the second straight day, losing over  1% on Thursday.  Storm Rafael disrupts short-term US Oil output while Trump is set to boost shale production substantially.  The US Dollar Index fades under profit-taking as markets now focus on the Fed interest rate-cutting cycle.  Crude Oil dips for a second day in a

EUR/USD plummeted nearly 2% on Wednesday as markets bid up the US Dollar. Fiber saw one of its worst days in years as markets struggle to find a reason to buy the Euro. EU economic calendar remains tepid, leaving markets to focus on Fed rate cuts. EUR/USD plummeted during the midweek market session, falling over

EUR/USD has experienced a deeper pullback after confirming a double top, BBH’s FX analysts note. Potential supports are located at June low of 1.0665 and 1.0600 “EUR/USD has dipped below the 200-DMA (1.0870) and the trend line drawn since October 2023 denoting prevalence of downward momentum.” “The decline is a bit stretched but signals of

Republican clean sweep makes it significantly easier to implement full policy agenda, ABN AMRO’s economists note. Parity for EUR/USD can be on the cards “Risks very firmly tilted to the downside for US and global economic growth and to the upside for US inflation. While Fed policy could be tighter than our current base line,

The Pound Sterling plunges against the US Dollar as Trump wins the US presidential elections. Trump’s victory could significantly dent the UK’s economic growth. Investors see the Fed and the BoE cutting interest rates by 25 bps on Thursday. The Pound Sterling (GBP) plummets to near 1.2850 against the US Dollar (USD) in London trading