FX

The American Dollar has difficulty finding its feet, down 1.39%, as shown by the US Dollar Index. Speculations that the Fed would tighten in smaller increases mounted as the labor market gave signs of easing. The US 2s-10s yield curve inversion, the deepest since the 1980s, and US recession fear increased. Gold price continues to

Analysts at Goldman Sachs offer their expectations on Friday’s critical United States (US) Nonfarm Payrolls (NFP) release due for release at 12:30 GMT. Key quotes “Nonfarm payrolls rose by 225k in October.” “Unemployment rate unchanged at 3.5%.” “Average hourly earnings +0.35% MoM & +4.7% YoY.” “Labor demand remains elevated despite declining this year.” “Big data

USDTRY prints new record highs around 18.6500 on Thursday. Inflation in Türkiye ran at a new 24-year top in October. The CBRT is expected to cut rates to single digits later in the month. The Turkish lira remains on the defensive and lifts USDTRY to new all-time peaks around 18.6500 on Thursday. USDTRY now shifts

USD/JPY prints three-day downtrend, holds lower ground near intraday bottom. Yields stay sluggish around multi-day high after Fed-inspired run-up. US warns North Korea for test-firing missiles toward Japan, South Korea. US ISM Services PMI will decorate calendar ahead of the key NFP. USD/JPY bears keep the reins for the third consecutive day even as Tokyo

The GBP/USD is almost flat ahead of the Federal Reserve’s policy decision. The US ADP report was better than expected, and salaries edged higher, will the Fed pivot? The British Pound was cushioned by the Bank of England’s (BoE) monetary policy decision looming. The GBP/USD is subdued amidst a choppy trading session as traders brace

Brendan Carr, a commissioner at the US Federal Communications Commission (FCC), is scheduled to visit Taiwan from November 2 to November 4. This comes after Carr called on the Committee on Foreign Investment in the United States (CFIUS) on Tuesday to ban TikTok, citing the company’s alleged inability to secure the data of American-based users.

According to analysts from Rabobank, the AUD/USD pair could drop a little further in the near term, but they see Australian fundamentals strongly positioned, favoring a rebound later. They forecast AUD/USD at 0.64 in three months and at 0.65 in six months.  Key Quotes:  “In early October the RBA was the first major central bank to return

AUD/USD has slipped sharply to near 0.6420 for the second consecutive 25 bps rate hike An upbeat Caixin Manufacturing PMI data also supported the antipodean. The DXY has slipped to 111.30 as investors shrugged off uncertainty ahead of Fed policy. The AUD/USD has witnessed a steep fall to near 0.6420 pair as the Reserve Bank of Australia

Gold tumbles and extends its yearly losses, eyeing the YTD low at around $1,615. Broad US dollar strength ahead of the Federal Reserve meeting keeps the precious metals segment under pressure. US ISM Manufacturing PMI and JOLTs Opening, eyed on Tuesday, before Fed’s decision. Gold price slides for the second consecutive day as the US

Gold price is auctioning above the $1,640.00 support amid ambiguous market mood. The Fed is expected to hike interest rates by 75 bps for the fourth time. ISM Manufacturing PMI gamut is seen lower than consensus which could impact the DXY. Gold price (XAU/USD) is displaying a lackluster performance in the Tokyo session as the

GBP/JPY registered solid gains during the week of 2.72%. The Bank of Japan interventions gave GBP/JPY buyers a better entry price around the weekly lows of 165.43. The GBP/JPY remains upward biased, about to test the February 2016 high at 175.01. The GBP/JPY rallies to fresh six-year highs above the 170.00 threshold as the Japanese

The US Dollar got bolstered by US core PCE but weakened towards the close of Wall Street. GDP in France and Spain weakened, while inflation in Germany continued its uptrend, above 10%. EURUSD is neutral-to-downward biased, though slightly tilted to the upside, facing strong resistance at the 100-DMA. The EURUSD finished Friday’s session almost flat

The pressure on long yields is set to ease as central bank rates and inflation approach a turning point, explained analysts at Danske Bank. They expect markets to increasingly price inflation to come under control, amid a deteriorating growth outlook. Therefore they continue to see yields peaking in 2022 (if they don’t have already in

The US dollar stalls around 147.50 after rallying from session lows near 146.00. The pair appreciates 0.8% on the day following a two-day reversal. US macroeconomic data has left the USD looking for direction.  The sharp greenback rally witnessed during Friday’s Asian and early European trading sessions, has lost steam after hitting 147.85. The pair, however,

EUR/CHF is set to shrug off developments in Switzerland. Thus, the direction of the EUR/USD pair will determine the next EUR/CHF move, economists at HSBC report. USD/CHF could move sideways in the coming weeks “EUR/CHF is set to be driven by EUR/USD, with little scope for Swiss-related drivers to get traction.”  “The Swiss National Bank

USD/JPY fades the bounce off a three-week low as BOJ defends easy money policy. BOJ keeps monetary policy unchanged, as expected, stays cautiously optimistic on economic outlook Easing hawkish Fed bets, downbeat yields also keep pair sellers hopeful ahead of Fed’s preferred inflation data. Kuroda’s presser, Japan’s supplementary budget will also be crucial for intraday

The Bank of Japan (BoJ) will announce its monetary policy decision on Friday, October 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of nine major banks.  Japanese main interest rate will likely be left at -0.1%, despite inflation standing at

The sharp rise in the yuan against the US dollar retraced some of the currency’s excessive depreciation this week, helped by a fall in the US Dollar Index, the 21st Century Business Herald reported, citing analysts. Key quotes “Many asset management institutions view the yuan as undervalued against the dollar, which had rallied on expectations