FX

Share: EUR/USD to finish the week above 1.0600 after hitting a weekly low of 1.0533. A risk-on impulse and falling UST bond yields are a headwind for the US Dollar. US ISM Non-Manufacturing data showed the US economy remains resilient. EUR/USD reversed its course and is set to finish the week with gains of more

Share: USD/JPY retreats from weekly highs amidst an offered US Dollar. Upbeat US economic data failed to bolster the US Dollar. USD/JPY Price Analysis: Bullish above 136.00; otherwise, a retest of 134.00 is on the cards The USD/JPY slides from 136.70s toward the 136.00 area on Friday amidst broad US Dollar (USD) weakness even though

Share: What you need to take care of on Monday, March 6: The Greenback lost ground on Friday and finished the week lower. Positive data from China and a retreat in US yields kept the DXY in negative territory. US Stocks posted weekly gains after sharp losses in February. The improvement in market sentiment contributed

Share: FX option expiries for Mar 3 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         1.0500 1.8b 1.0550 577m 1.0595 2.2b 1.0625 893m 1.0675 969m 1.0700 1.8b – GBP/USD: GBP amounts      1.2060 645m – USD/JPY: USD amounts                      135.00 795m 136.00 718m – AUD/USD: AUD amounts   0.6800 951m

Share: The GBP/USD retraces back below the 1.2000 figure after US economic data warranted further tightening by the US Federal Reserve (Fed), as reflected by the US Treasury bond yields reaction. At the time of typing, the GBP/USD exchanges hand at 1.1950, below its opening price by 0.66%. Read More… The GBP/USD pair comes under intense selling

Share: Investors are showing caution for Asian stocks amid soaring US Yields. Chinese equities have failed to capitalize on upbeat Caixin Manufacturing PMI data. Upbeat Caixin PMI and lower-than-expected US oil inventory report have infused fresh blood into the oil bulls. Markets in the Asian domain have turned cautious as US Treasury yields are soaring

Share: AUD/USD rallies towards trendline resistance. Bears could be lurking in the 0.68s as W-formation is a pull.  AUD/USD bulls were thrown a lifeline in Asia following Chinese data that surprised in a big way to the upside, following a disappointment in local data from Australia that would have otherwise tipped the bias to the

Share: UOB Group’s Economist Lee Sue Ann and Market Strategist Quek Ser Leang suggested EUR/USD is now likely to trade within the 1.0530-1.0670 range in the near term. Key Quotes 24-hour view: “We highlighted yesterday that the robust rebound in EUR could extend but a sustained rise above 1.0625 is unlikely. We indicated, the next

Share: EUR/USD’s rally has been met with strong opposition from the bears. EUR/USD bulls have not thrown in the towel yet and eye 1.0700. As per the prior analysis, EUR/USD Price Analysis: Bulls on the sidelines in anticipation of a discount, the more composed bulls, tolerant of the initial runaway train who waited for a discount

Share: NZD/USD is exposed to 0.6130 after retreating from 0.6180 as the risk-on mood has faded. The 10-year US Treasury yields have jumped above 3.93% amid rising fears of more rates by the Fed. Investors are expecting an increase in the Caixin Manufacturing PMI to 50.2. The NZD/USD pair delivered a downside break of the

Share: Federal Reserve Governor Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in the job market, as reported by Reuters. Additional takeaways “More people do better in the US when there are periods of low inflation and sustained growth.” “Important to get back to

Share: Bank of Japan (BoJ) Governor designate Kazuo Ueda is shedding more light on the monetary policy during his appearance on Monday. Key quotes Possible to push up prices, wages with monetary easing. Trend inflation must heighten sharply for boj to shift to monetary tightening. It’s not as if I have no ideas on how

Share: The EUR/USD is about to post the lowest weekly close in two months. According to analysts at MUFG Bank, the US Dollar has room to rise further versus the Euro, potentially toward the 200-day Moving Average, currently around 1.0330. Room for USD rebound to extend further “The pair has broken back below the 1.06000-level

Share: “Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead,” St. Louis Federal Reserve President James Bullard said on Friday, per Reuters. Additional takeaways “Fed has considerable institutional credibility compared with its 1970s” “The current

Share: USD/INR picks up bids to pare the biggest daily loss in a month. Firmer Oil price, hawkish Fed bets weigh on Indian Rupee. US Core PCE Price Index eyed for clear directions on US inflation conditions and Fed’s next move. USD/INR prints mild gains around 82.70 as it consolidates the biggest daily loss in

Share: US Q4 GDP revised lower, inflation indicators revised higher. Jobless Claims, Chicago Fed Activity surpassed expectations. Gold’s rebound fails to rise above $1,830. Gold prices rebounded after hitting fresh monthly lows amid risk appetite and an intraday reversal of the US Dollar. XAU/USD bottomed at $1,817 following the release of US economic data, the

Share: USD/INR is displaying wild moves as investors are discounting the impact of the release of the overnight FOMC minutes. Fed policymakers are favoring the continuation of policy tightening to avoid fears of a recovery in US inflation. The asset is testing the breakout of the Descending Triangle chart pattern around 82.70. The USD/INR pair

Share: Strategists at Commerzbank have adjusted their Gold price forecast. They now expect XAU/USD to slump toward $1,800 in the first half of the year before drifting back higher toward $1,950 by year-end. Gold likely to remain under pressure in the short term “In the short term, the Gold price is likely to remain under pressure