FX

XAG/USD is under pressure after breaking short-term support levels during the American session. The metal is under pressure, approaching the $23.00 level. US Dollar mixed as equity prices rises modestly. Silver is under pressure during Wednesday’s American session, trading at the lowest level since Friday, near $23.20. The white metal is falling by 1.25%, getting

Extra gains could encourage GBP/USD to revisit the 1.2330 region in the next few weeks, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “We held the view yesterday that ‘there is room for one more push higher in GBP before the risk of a pullback

Reuters reported that the European Central Bank’s governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end. ”The central banker, who was answering Portuguese legislators during a committee hearing in Lisbon, added even though inflation may have some resistance in January and February it will resume

Here is what you need to know on Tuesday, January 10: Pressured by the improving market mood and dovish Fed bets, the US Dollar continued to weaken against its major rivals at the beginning of the week. The US Dollar Index touched its lowest level in seven months at 102.94 but managed to stage a

AUD/USD climbs due to traders’ speculations that the US Federal Reserve would shift dovish. US 10-year Treasury bond yield continues to edge lower, eyeing the 3.50% threshold and weighing on the USD. AUD/USD Price Analysis: A daily close above 0.6900 can exacerbate a rally to 0.7000. The AUD/USD soars sharply above the 0.6900 figure on

Here is what you need to know on Monday, January 9: The US Dollar struggles to find demand at the beginning of the week with the US Dollar Index falling toward multi-month lows near 103.50 after having lost more than 1% on a daily basis on Friday. The market mood remains relatively upbeat after the

The GBP/USD soared close to 1.50% on disappointing US ISM Services data. Hawkish Fed speaking failed to weigh on the GBP/USD. Next week’s economic calendar would feature UK GDP, and US CPI reports. The Pound Sterling (GBP) extended its gains against the US Dollar (USD), surging more than 160 pips on Friday, following a disappointing

WTI is set to end the week with substantial losses of 8.40% The jobs report showed a slowdown in wages, while the labor market remains resilient. WTI failed to capitalize on US Dollar weakness after the US Services PMI shrinkage Western Texas Intermediate (WTI), the US crude oil benchmark, hovers at around $73.70s, almost flat,

Albeit the USD/CHF fell 1% on Friday, the pair finished the week with gains of 0.45%. USD/CHF remains sideways, though slightly tilted downwards, and it could test the 0.9200 mark. If the USD/CHF reclaims 0.9300, that could pave the way to 0.9400. The USD/CHF plunged after hitting fresh weekly highs around 0.9408, plummeting beneath the

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