FX

USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B at 147.78 and the bottom of the Ichimoku Cloud at 146.90-147.00. The USD/JPY

AUD/USD falls following robust US Nonfarm Payrolls data, reducing the likelihood of aggressive Fed rate cuts. Fed Chair Powell signals slower pace of easing, with markets now pricing in a 25 bps cut for November. Australian data shows mixed results with strong Retail Sales and trade surplus but ongoing manufacturing contraction and slowing business activity.

The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher

Gold drops after robust US jobs report lowers pressure on the Fed. US 10-year T-note yield climbs to 3.971%, while the US Dollar Index hits mid-August highs at 102.58, capping Gold’s rise. Geopolitical risks involving Israel and Iran to support Gold, which could hit $2,700. Gold price retraces after a stronger-than-expected US jobs report hinted

The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US

FX option expiries for Oct 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1000 2b 1.1100 1b USD/JPY: USD amounts                      146.25 879m 148.00 958m AUD/USD: AUD amounts 0.6650 300m 0.6700 418m 0.6850 813m USD/CAD: USD amounts        1.3500 993m 1.3550 1.7b 1.3600 657m

Mexican Peso snaps two days of gains and falls on Israel/Iran hostilities. Banxico’s September poll revised USD/MXN exchange rate expectations upward, while inflation projections were lowered. Traders await September’s Nonfarm Payrolls data, with strong results likely boosting the Greenback and further impacting the Peso. The Mexican Peso registers losses in early trading against the Greenback

Indian Rupee edges lower in Thursday’s early European session.  The risk-off sentiment and higher crude oil prices drag the INR lower.  Investors await the US September ISM Services PMI on Thursday ahead of employment data.  The Indian Rupee (INR) softens on the day, pressured by the renewed US Dollar (USD) demand. The risk-off mood amid the

EUR/GBP ends its pullback and resumes its bearish tempo.  The RSI is converging bullishly with price, however, signifying a lack of bearish momentum accompanies the latest move. EUR/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target

The Australian Dollar gains ground as the RBA is widely expected to hold a hawkish stance regarding its policy outlook. The AiG Industry Index eased in September, rising 4.9 points to -18.6 from -23.5 prior reading. The US Dollar receives support from the market caution amid rising Middle-East tensions. The Australian Dollar (AUD) retraces its

Newly-minted Chairman of the Swiss National Bank (SNB) Martin Schlegel hit newswires on Tuesday, cautioning that further rate cuts haven’t been ruled out. The incoming Chairman of the SNB officially took the reins of Switzerland’s central bank on early Tuesday, and has inherited a central bank still caught in the wake of last year’s lopsided

The US Dollar Index advances as the Fed’s Powell said that the central bank will lower interest rates ‘over time.’ CME FedWatch Tool suggests a 61.8% probability to a 25 basis point rate cut by the Fed in November. US ISM Manufacturing PMI is expected to improve to 47.5 in September, from the previous 47.2

Mexican Peso strengthens to 19.60 against the Greenback, supported by anticipation ahead of Claudia Sheinbaum’s October 1 inauguration. Business Confidence for September, expected on October 2, could mark a fourth consecutive month of improvement. Despite Peso gains, the US Dollar Index rises by 0.20% as stronger US economic data bolsters the Greenback. The Mexican Peso

USD/CAD seesaws between tepid gains/minor losses amid mixed fundamental cues. A modest USD uptick lends support amid bets for a larger interest rate cut by the BoC. Dovish Fed expectations and a positive risk tone cap gains for the USD and the major. The USD/CAD pair kicks off the new week on a subdued note

The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On Friday, the NZD/USD pair continued its ascent from Thursday, adding 0.20%, reaching 0.6354 and

XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes Lebanon, but Gold fails to gain momentum as traders cash in profits. Gold fell to a

What just happened? August’s US Personal Consumption Expenditure Price Index (PCE), or PCEPI as the US Federal Reserve (Fed) refers to it, clocked in at an annualized rate of 2.2% YoY on September 27, the lowest print of the key inflation metric since March of 2021. This is an important step toward the Fed being

Mexican Peso extended its losses for the second straight day as USD/MXN hit a 19.74 peak. Banxico cuts rates to 10.50%, weakening the Peso as economic activity cools and inflation projections rise for 2024. US PCE inflation edged lower, but core PCE remains within the Fed’s comfort range of 2%-3%. The Mexican peso lost steam