FX

The bearish grip is still intact on the yellow metal. As FXStreet’s Dhwani Mehta notes, risks remain skewed to the downside amid ebbing Omicron fears. Risk-on mood at full steam amid easing Omicron fears “The risk-on flows remain in vogue, as China continues to pledge support measures to stimulate economic growth while global scientists and

The white-metal drops as the US 10-year bond yield rise nearly six basis points, underpinning the greenback. The US Dollar Index, which measures the buck’s performance against six rivals, advances almost 0.25%. XAG/USD 1-hour chart has a downward bias, as shown by hourly simple moving averages (SMA’s) residing above the price. Silver (XAG/USD) retreats from

GBP/JPY struggles to keep corrective pullback from 11-week lows. Bearish MACD signals, sustained trading below previous support keeps sellers hopeful. Weekly resistance, 10-DMA add to the upside filters. GBP/JPY buyers battle short-term key resistance, previous support, while taking rounds to 149.50-60 ahead of Monday’s London open. In doing so, the cross-currency pair keeps the bounce

GBP/USD Weekly Forecast: Another dollar surge? US inflation could outweigh Omicron, UK GDP Time to retire “transitory” – these hawkish words by Federal Reserve Chair Jerome Powell when referring to inflation have served as the tiebreaker in favor of the dollar. Fears of the Omicron covid variant have been intermixed with hope that it isn’t

XAU/USD recovered as the New York session winds down, up 0.85%. The US 10-year Treasury yield plunged, down almost ten basis points, finishing the week at 1.358%. XAU/USD: A break above $1,792 could propel gold towards $1,800 and beyond. Fed’s Bullard commented on the need of the Fed for a faster taper, considering the 4.2%

USD/CHF has been choppy on Friday, but slipped back to session lows around 0.9170 in recent trade. The pair is being weighed as risk appetite ends the week on the back foot, favouring haven like CHF. It’s been a choppy session but USD/CHF ultimately looks set to end the day lower by about 30 pips

Managing Director (MD) of the IMF Kristalina Georgieva said on Friday that she had already been concerned that the global economic recovery had been losing steam before the emergence of the Omicron variant. There would now likely be some downgrade to global growth forecasts as a result, she added, saying that the rapid spread of

US Nonfarm Payrolls rose at a much slower pace than expected in November. However, an underwhelming print did little to undermine the USD. Economists at TD Securities think it will be very difficult to sell the USD as a thematic strategy given the global monetary policy setup. Fed’s hawkishness to be a significant offset to

Economists at Danske Bank think markets are pricing in too many rate hikes from the Bank of England (BoE) short-term. Furthermore, a hit to overall risk sentiment and rising Brexit uncertainties may also weigh on GBP/USD.  The key risk is a shift in the global investment themes “We believe the current USD-positive investment environment will

Gold is on the offer below critical daily support structures. Bears are looking for a break into the $1,750s for the rest of the week.  The price of gold has been on the backfoot while the greenback consolidates and risk appetite improves. The US stock market has surged back to life with the S&P 500

The aussie is weakest in the G10 over the past week. The USD’s support from Federal Reserve expectations suggests scope for a probe of the 0.7000/50 area in coming days, economists at Westpac report. RBA likely to note the downside risks from the new covid variant but reserve judgement “It is likely to be difficult

The USD recovers some of Tuesday’s losses, as the shared currency finished in the green, amid Fed’s Powell hawkish comments. EUR/USD found dynamic support at the 50-hour simple moving average (SMA). Fed’s Powell favors a faster taper and expects inflation to moderate by 2022. During the New York session, the EUR/USD moderately falls, down some

USD/CAD witnessed some selling on Wednesday and retreated further from an over three-month high. Rebounding oil prices underpinned the loonie and exerted pressure amid a subdued USD demand. Investors now eye the OPEC meeting, US macro releases and Powell’s testimony for a fresh impetus. The USD/CAD pair edged lower through the early European session and

EUR/USD collapsed from 1.1370s down to 1.1240s on Jerome Powell’s hawkish remarks against the US Senate Committee on Banking and Housing. Fed’s Powell: “I will talk about speeding up taper at the coming Fed meeting.” The EUR/USD plummeted during the New York session, on Federal Reserve Chairman Jerome Powell, remarks against the Senate Committee on

Here is what you need to know on Tuesday, November 30: With trading volumes returning to normal levels following the Thanksgiving break, the dollar gathered strength during the American trading hours on Monday but the sharp decline witnessed in the US Treasury bond yields caused the currency to lose interest. November (preliminary) Consumer Price Index

GBP/USD slipped under 1.3300 in recent trade and is eyeing year-to-date lows. The pair has been weighed by concerns about an Omicron outbreak in the UK. Sterling has been under pressure during US trading hours, pulling back from earlier session highs above 1.3350 to fresh session lows under 1.3300. That leaves the pair only a

GBP/USD witnessed a subdued/range-bound price action on the first day of a new week. Renewed USD buying acted as a headwind for the major amid Brexit-related uncertainties. Expectations for an imminent BoE rate hike extended some support and limit the downside. The GBP/USD pair lacked any firm directional bias on Monday and seesawed between tepid

EUR/GBP spiked towards 0.8500 on Friday as markets were rocked by the latest Covid-19 developments. The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to print session highs near 0.8500. As trade draws