FX

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: 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: 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: 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

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