FX

December’s US Nonfarm Payrolls data weakened the US Dollar, even though the labor market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting. USD/JPY Price Analysis: Likely to remain downward biased below 133.00. The USD/JPY struggles at the 200-day Exponential Moving Average (EMA) around

Greenback drops sharply after NFP and ISM service sector. US yield falls to multi-day lows, commodities rebound. NZD/USD reverses from monthly lows, and trims weekly losses. The NZD/USD has risen a hundred pips from the daily low and it is trading at 0.6290, with a solid bullish tone supported by a broad-based USD decline. The greenback

Advancing anxiety ahead of the US NFP release has underpinned the risk-off impulse. S&P500 futures have witnessed a drop in their early gains, portraying negative market sentiment. The upside in the Loonie asset is capped around 1.3700 while the downside is restricted near 1.3500. The USD/CAD pair has rebounded firmly after dropping to near 1.3550

On Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point out the demand for workers has started to roll over. They argue job openings and hiring plans have declined since the start of 2022, and the trend in layoffs is

EUR/USD has corrected gradually to near 1.0600 amid an improvement in safe-haven’s appeal. Fed President Neel Kashkari see the interest rate peak around 5.4%. Eurozone inflation might trace to a sheer drop in German HICP led by falling energy prices. The EUR/USD pair witnessed selling pressure after failing to surpass the crucial resistance of 1.0630.

USD/CHF failed to crack above 0.9400, exacerbating a fall beneath 0.9300. US Dollar weakness and the confluence of technical levels around 0.9370s stalled the USD/CHF rally. A daily close above 0.9250 could lift the USD/CHF back again, towards 0.9300. The USD/CHF struggles to clear the 0.9370 barrier, dives below the 20-day Exponential Moving Average (EMA),

USD/JPY is struggling to extend its recovery above 131.00. A spree of lower highs in the asset indicates a continuation of the downside trend. Downward-sloping 20-and 50-EMAs add to the downside filters. The USD/JPY pair is struggling to extend its recovery above 131.00 in the early European session. Earlier, the asset rebounded after sensing buying

AUD/USD drops below 0.6800 toward the 20-day EMA at 0.6736. The US Dollar remains bid, irrespective of falling US bond yields, after the release of weak PMIs. Weak Chinese economic data dampened the prospects of the Australian Dollar. AUD/USD Price Analysis: Likely to remain range-bound in the 0.66/0.68 200 pip range. The Australian Dollar (AUD)

GBP/USD jumps back toward 1.2100 amid risk recovery. US Dollar rebound fizzles out, USD/JPY sell-off weighs. GBP/USD bounces off 200DM, RSI enters into the bullish zone. GBP/USD is holding onto the latest upswing toward 1.2100, as bulls jump back into the game amid holiday-thinned market conditions. The main catalyst behind the pair’s renewed upside is the

Mattel, Inc. (MAT), a children’s entertainment company, designs & produces toys & consumer products worldwide. The company operates through North America, International & American Girl segments. It is based in El Segundo, CA, comes under Consumer Cyclical sector & trades as “MAT” ticket at Nasdaq. In the previous article, MAT expected to extend lower in ((C))

EUR/USD seesaws near seven-month high, snaps two-day winning streak. One-week-old previous resistance puts a floor under the prices even as buyers appear to run out of steam. 50-HMA, ascending trend line from December 22 act as additional downside filters. EUR/USD portrays exhaustion of the previous bull-run amid Monday’s holiday-inspired lackluster trading day. Also read: EUR/USD portrays

Economists at Credit Suisse expect the Chinese Yuan to continue weakening in the coming months. Asia FX complex is likely to remain weak in the first part of 2023 “The Asia FX complex is likely to remain weak in the first part of 2023 given the resilient USD trend.” “Some divergence across the region can

USD/JPY drops 0.70% on risk aversion and a softer US Dollar. USD/JPY Price Analysis: Downward biased, could extend its losses below 130.00, towards May lows around 126.00. The USD/JPY is falling for the second consecutive day as risk aversion continues to drive the last trading day of 2022, as shown by Wall Street registering losses.

Gold price defends the previous day’s bullish bias despite recent struggle around daily top. Mixed sentiment, sluggish markets restrict XAU/USD moves but buyers cheer second monthly gain as 2022 bids adieu. Hopes of economic recovery, lower rates could keep Gold buyers on the table even as Covid, geopolitics probe immediate upside. Gold price (XAU/USD) replicates

Japanese Yen among top performers on Thursday despite higher equity prices. US Dollar turns negative as Wall Street soars. USD/JPY is ending a four-day positive streak with a 1% loss. The USD/JPY broke below the 133.45/50 zone after the beginning of the American session and tumbled to 132.90, a two-day low. The pair remains under

EUR/USD is facing pressure as fresh Covid measures taken by various nations for arrivals from China trigger volatility. Absence of recovery signs from S&P500 futures after a two-day sell-off portraying risk-off mood. The United States will require all travelers from China to show a negative Covid report, effective from next week. The EUR/USD pair has

EUR/USD makes a run to weekly highs and retreats. Pair now closer to the daily low as US yields rise. Equity markets turn negative, oil sinks. The EUR/USD failed to break the current range despite hitting the highest level in 13 days. The pair peaked at 1.0675 and then pulled back. It is trading at

AUD/USD has sensed barricades around 0.6750 as the US Dollar Index has also attempted a recovery. A sheer decline in the US International deficit displays the impact of the Fed’s tight monetary policy. Scrapping of quarantine rules for inbound travelers in China will ease supply chain disruptions. The AUD/USD pair is facing pressure in overstepping