FX

USD/CHF has hit the 0.99 level. Nonetheless, economists at UBS expect the pair to ease back lower towards 0.96 by the end of the year. Swiss National Bank to remain on a tightening path  “While Swiss inflation moderated both on a YoY and MoM basis in September, we believe the SNB remains on a tightening

Gold bears move in at critical daily restaice.  The focus will be on the US jobs market at the end of the week. The price of gold is back to flat on the day in what has been a correction of this week’s rally into daily resistance near $1,730. The price fell from a high

NZD/USD retreats from a nearly two-week high set earlier this Thursday amid fresh USD buying. Bets for more aggressive Fed rate hikes and elevated US bond yields continue to boost the buck. Recession fears weigh on investors’ sentiment and also exert pressure on the risk-sensitive kiwi. The NZD/USD pair struggles to find acceptance above the

GBP/USD bears firm-up in early Asia and eye a test below 1.1300. There are risks of lower still while below a 61.8% ratio on the hourly chart.  GBP/USD has come under pressure to test the 1.1300 level following a resurgence in the US dollar on Wednesday. The US dollar index, DXY, was last seen up near

Over the past month, the US dollar has surged sharply higher. Economists at Standard Chartered expect the US Dollar Index (DXY) to reach the 116.50-117.00 area but see the greenback peaking over a 6-12 month horizon. USD to peak over a 6-12 month horizon “On a three-month horizon, DXY is likely to rise towards 116.50-117.00.” 

AUD/USD is eyeing the establishment of an auction profile above 0.6500. The RBA trimmed its pace of hiking interest rates to keep the growth prospects intact. A lower-than-expected US ISM Services PMI reading could weaken the DXY further. The AUD/USD pair is oscillating majorly above the psychological resistance of 0.6500 in the early Tokyo session.

GBP/USD advanced to a fresh two-week high above 1.1400 on Tuesday. The pair needs to clear 1.1440 to keep its bullish bias, FXStreet’s Eren Sengezer reports. Cable needs to clear 1.1440 to extend rally “On the upside, 1.1440 (200-period SMA) aligns as key resistance. In case buyers flip that level into support, GBP/USD could target

What you need to take care of on Tuesday, October 4: The greenback resumed its decline at the beginning of the week, ending Monday with losses across the FX board. The EUR/USD pair was able to post a modest advance and settled around 0.9820, with the shared currency among the worst performers against the USD.

Japan’s FX intervention has slowed yen weakness. But economists at Credit Suisse expect USD/JPY to test 150.00 if the Bank of Japan (BoJ) stands pat at its October meeting. Waiting for BoJ to “do the right thing” “Japan’s latest strategy of using unilateral FX intervention to defend JPY, despite the BoJ’s monetary policy driving its

EUR/USD turns sideways around 0.9800 as the focus has shifted to the US NFP data. As expected, the DXY didn’t respond well to the higher-than-expected US core PCE data. German markets are closed on account of the Day of German Unity. The EUR/USD pair is displaying back-and-forth moves around 0.9800 in the early Tokyo session.

USD/CHF prepares to finish the week with decent gains of 0.65%. The weekly chart depicts the pair as neutral-to-upward biased, further extending the uptrend but unable to crack 0.9900. The USD/CHF daily chart portrays the major as upward biased, and once it clears the 0.9886 mares, the 0.9900 figure would be next. The USD/CHF finished

GBP/JPY registered hefty gains of 3.96% during the week. Long-term, the GBP/JPY is neutral upwards, though if it clears 162.57, that could open the door for further gains. Per the daily chart, if the GBP/JPY clears 162.25, the pair can rally towards 164.00. The GBP/JPY advanced for the fourth straight day and reclaimed the 200-day

EUR/USD trips down ahead of the end of the week, month and Q3. US Fed officials continued with their “restrictive policy” rhetoric, agreeing that further hikes are coming. US Core PCE surpassed analysts’ expectations, paving the way for another 75 bps Fed hike. EU’s inflation jumped above the 10% threshold, and money market futures expect

GBP/USD is set to finish the week with gains close to 3%, despite the UK’s bond crisis. US PCE figures increased the likelihood of the Fed going 75 bps as Fed officials reinforced their hawkish rhetoric. The GBP/USD remains downward biased, and once it clears 1.1050, it could fall towards the 1.0800 mark. The GBP/USD

GBP/USD has gathered further bullish momentum. Pound bulls eye 1.1300 next, FXSTreet’s Eren Sengezer reports. Buyers retain control of cable’s action “On the upside, 1.1300 (Fibonacci 61.8% retracement of the latest downtrend, 100-period SMA) aligns as the next target. In case buyers flip that level into support, the pair could continue to push higher toward

Gold bulls in charge and eye mitigation towards $1,670 that guard $1,675 and $1,688. The US dollar continues to bleed out into month-end flows.  The gold price has started to find support in the correction of the recent bullish impulse but is back to trading near flat on the day at around $1,660 following a

Business and consumer sentiment in the euro area continued to weaken in September. EUR/USD trades in negative territory below 0.9700 after the data. The data published by the European Commission showed on Thursday that the Economic Sentiment Indicator (ESI) for the euro declined to 93.7 in September from 97.3 in August. This reading came in

NZD/USD bulls have moved in as the US dollar sells off into month end. The greenback and US yields were underwater on Wednesday and the high beta currencies took off. NZD/USD rallied on Wednesday following a strong sell-off in the US dollar as the month-end approaches. NZD/USD rallied by some 1.8% from a low of