FX

Share: EUR/USD rebound extends but gains through low 1.08s needed to extend, economists at Scotiabank report. Investors continue to scoop it up on minor corrections EUR gains from the late May low point have extended a little more as investors continue to scoop it up on minor corrections. Gains perhaps need to extend a bit

Share: AUD/USD picks up bids to refresh intraday high but stays sluggish at the highest level in a month. RBA’s hawkish surprise joins dovish Fed bias to propel Aussie pair prices. Australian markets are off due to the King’s Birthday. Concerns about US inflation, Fed moves will be important for near-term directions. AUD/USD renews intraday

Share: EUR/GBP falls to a 9-month low as ECB approaches its peak rate and the BoE is ready to continue tightening. The pair signals oversold conditions on the daily chart for the first time since 2021. Weak economic data from Italy and Germany contribute to Euro’s decline.. The EUR/GBP pair has recently witnessed a substantial

Share: Silver price hits a four-week high at $24.52 but retraces to $24.26. For bullish continuation, XAG/USD must breach $24.49 resistance, opening the path to $25.00 per troy ounce. XAG/USD’s failure to crack $24.49 could lead to further losses, with potential dips to $24.01 and $23.63. Silver price reaches a new four-week high but retraces

Share: A busy week lies ahead with meetings from the Fed, ECB, and BoJ, as well as key data from the US on inflation and retail sales, and employment numbers from Australia and the UK. Central bank decisions and economic figures will pose a challenge for equity markets and the US Dollar. Here is what

Share: GBP/USD climbed to a new four-week high at 1.2590 on Friday. However, it dipped toward the 1.2570s area after a softer-than-estimated Canadian jobs report cemented the case for a Federal Reserve skip in the upcoming monetary policy meeting. The GBP/USD is trading at 1.2576, up 0.14%, set to finish the week with gains of more than

Share: Economists at the National Bank of Canada discuss EUR outlook.  Narrowing in policy appears less likely Tepid growth and waning inflation could be harbingers for an ECB staying its hand on restricting policy further. But real rates in the Eurozone remain largely accommodating and a still decent labour market combined with high inflation should

Share: Gold Price defends two-week-old trading pattern of repeatedly bouncing off 100-DMA, edges higher of late. Downbeat United States statistics propel economic fears, weigh on Federal Reserve bets and underpin XAU/USD rise. Gold buyers cheer US Dollar Index’s second consecutive weekly loss ahead of next week’s FOMC. China inflation data can entertain XAU/USD traders ahead

Share: Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes JPY outlook as the Yen is beginning to look at the BoJ meeting. BoJ in focus The Q1 real GDP gain of 2.7% saar, compares with a 25-year average growth rate of 0.7% and the 2% (YoY) deflator compares to a 25-year average of

Share: USD/CHF shows bullish momentum, targeting the 0.9100 mark with 0.27% gains. RSI and three-day RoC indicators suggest bullish dominance despite sideways movement. Overcoming the 0.9120 hurdles could steer the USD/CHF toward the 0.9147 and 0.9200 landmarks. USD/CHF bounces off the 50-day Exponential Moving Average (EMA) and threatens to claim the 0.9100 figure late after

Share: Economists at Credit Suisse analyze USD/INR outlook ahead of the Reserve Bank of India (RBI) meeting. RBI will intervene to enforce an 81.00-83.00 USD/INR trading range We still think RBI intervention is the main driver for the USD/INR exchange rate. The RBI has intervened at 81.00 and 83.00 since October 2022. The decision to

Share: NZD/USD bulls are in riding the AUD´s coattails.  Focus will turn domestic with NZ GDP coming up.  NZD/USD has been range bound in the prior day following the Reserve Bank of Australia´s surprise hawkish hike. NZD/USD is steady in early Asia, sitting near 0.6075. ´´The Kiwi is little changed this morning and most crosses,

Share: Considering advanced prints from CME Group for natural gas futures markets, open interest resumed the uptrend and went up by around 5.1K contracts on Monday. Volume, in the meantime, remained erratic and rose by around 20.5K contracts following the previous pullback. Natural Gas remains stuck within the range Prices of natural gas extended the

Share: USD/CHF takes a hit as weaker-than-expected US economic data spur recession fears, driving the Swiss Franc up. From a technical perspective, the USD/CHF pair is neutrally biased, awaiting a fresh catalyst for definitive market direction. Amid mixed signals from market oscillators, expectations of a hawkish Swiss National Bank may provide a catalyst for further

Share: The Eurozone Sentix Investor Confidence index keeps falling, arriving at -17.1 in June from -13.1 booked in May vs. -9.2 expected. The Index on the Current Situation fell steeply to -15.8 from -7.0 in May, raising worries over a recession in the Eurozone already underway. The Sentix index for Germany in June fell to the lowest since

Share: Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on Sunday, “Saudi Arabia to make extra 1 mln b/d output cut from July.” Additional comments The Kingdom will extend its 500k barrels per day (b/d) voluntary cut until the end of 2024. Saudis will review extra voluntary cuts every month. Extra voluntary cut is

Share: The EUR/JPY trades for a second consecutive day with gains. Cross ends week with gains, but below 150.00. Yield divergence favours the Euro. The EUR/JPY closes the week trading with gains above 149.80 as the Yen weakened across the board on Friday, against its major rivals, including the Sterling Pound, Swiss, the US and

Share: GBP/JPY surges to year’s high, up by 0.18%, amid positive market sentiment. Expectations of a dovish Fed and resolution of the US debt-ceiling imbue strength to high beta currencies. Despite the overall upward bias, the technical outlook suggests potential downside pressure on GBP/JPY. GBP/JPY climbed to fresh year-to-date (YTD) highs at 174.68 before a