FX

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

Share: GBP/USD is confidently shifting its business above 1.2100 amid a recovery in the risk appetite theme. Consideration of a 50 bps rate hike in the FOMC minutes could stem the dismal market mood. The UK economy is avoiding recession, however, chances of further escalation in CPI are accelerating. The GBP/USD pair is building the

Share: S&P Global Services PMI recovered above 50 in February’s flash estimate. US Dollar Index continues to push higher above 104.00. Business activity in the US services sector expanded in early February following January’s contraction with S&P Global Services PMI rising to 50.5 from 46.8 in January. This reading surpassed the market expectation of 47.2.

Share: Gold price is struggling to sustain above $1,840.00 as yields escalate ahead of Fed minutes. A fresh rebound in the US economic indicators that provide guidance on inflation has cleared that inflation is stubborn in nature. Gold price is doing efforts in shifting its auction above the 20-period EMA. Gold price (XAU/USD) is displaying

Share: GBP/USD recovered from below 200-Day Moving Average at 1.1938. However, economists at Société Générale believe that the pair is unlikely to stage a sustainable rise. Modes UK PMI improvement may not be enough to lift GBP/USD “The Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return

Share: Gold price remains sidelined after three-week downtrend, picking up bids of late. Geopolitical fears fail to weigh on XAU/USD price amid absence of US, Canadian traders. Headlines surrounding North Korea, China will be crucial for fresh impulse, Fed Minutes become the key. Gold price (XAU/USD) grinds higher around the intraday top, reversing the early-day

Share: The EUR/JPY is registering gains of 2.22% in the week after facing solid resistance around 143.60. EUR/JPY Price Analysis: In consolidation within a 130 pip range circa the 143.00 psychological barriers. The EUR/JPY hit a fresh weekly high at 143.67 but reversed some of those gains, resting comfortably above Thursday’s high ahead of the

Share: AUD/USD finished the week with losses, on a sentiment shift, and speculations for an aggressive Federal Reserve. During the last week, US inflation data sponsored a recovery for the greenback as US Treasury bond yields aimed north. AUD/USD are eyeing the busy economic calendar in Australia and the US next week. The Australian dollar

Share: The correction of the Gold price has been pronounced. In the opinion of strategists at Commerzbank, investors on the Gold market are likely to remain hesitant after the price dip. Forecast of the mid-year Gold price lowered to $1,800 “Hopes of an end to the rate hike cycle in the near future in the

Share: USD/MXN drops below last Thursday’s low, extending its losses to a fresh multi-year low of around $18.40. USD/MXN Price Analysis: A break below $18.40 would pave the way toward $18.00. The USD/MXN hit an almost 4-year-and-a-half month low around 18.4485, a level last seen in October 2018, extending its losses by 0.89% in the