FX

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

In the view of analysts at Société Générale, a rally beyond 1.2450 is crucial to affirm uptrend on GBP/USD. Support aligns at 1.1900 “Recent peak at 1.2450 is expected to be an intermittent resistance. Failure to cross above this hurdle can result in a phase of pullback.” “Recent pivot low of 1.1900 is near term

USD/JPY retreats from one-week high to snap three-day uptrend. Downside break of weekly support line adds strength to bearish bias. 100, 200 EMAs add to the upside filters. USD/JPY remains depressed around 132.90 as it prints the first daily loss in four during early Tuesday morning in Europe. In doing so, the Yen pair justifies

After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 3.4 percent and -0.2 percent, respectively, to 3.6 percent and 3.8 percent, respectively,” the release from

EUR/USD bears are eyeing the trendline support for an explosive breakout. The price is being resisted and a break of 1.0575 will likely encourage the bears to target a break of 1.0500.  As per the prior analysis, EUR/USD Price Analysis: Bears sink in their teeth to test bulls at a critical support structure, the bears are

Russia announced it might cut oil output early in January. US markets are due to close earlier on Friday amid the Christmas holidays. WTI retreated modestly after reaching a fresh monthly high. Crude oil prices are up on Friday, with the West Texas Intermediate (WTI) barrel nearing $80.00. Oil surges despite the soft tone of

USD/CHF grinds higher after rising the most in a week, lacks upside momentum of late. US Dollar cheers firmer data, hawkish Fed bets and US President Biden’s comments. Headlines surrounding China, Russia flash mixed clues amid sluggish session. US Core PCE Price Index, Durable Goods Orders will be crucial for the bulls to keep reins.

Gold is under pressure as US yields jump after US data.  US Q3 GDP was revised from 2.9% to 3.2%.  Wall Street extends losses, US Dollar soars.  Gold prices dropped sharply from nearly $1,820, reaching levels under $1,800 following the release of US economic reports.  Looking for Santa’s rally  Economic data released in the US

GBP/USD recovers from three-week low amid broad US Dollar pullback. Upbeat UK CBI Retail Sales favor bulls, but British medical worker’s strike probe Cable bulls. Softer Treasury yields, mixed US data probe USD ahead of US Q3 GDP. UK’s Q3 GDP is expected to confirm a 0.20% QoQ contraction. GBP/USD prints mild gains around 1.2110

USD/JPY plunged by over 4% on Tuesday, the largest drop since October 1998. Economists at MUFG Bank believe that the pair could extend its slide to the high 120’s.  JPY is now the top performing G10 currency since 21st October  “Governor Kuroda was expressing reservations about the sustainability of the pick-up in inflation, predicting it