FX

Share: NZD/USD plunged by after the Reserve Bank of New Zealand (RBNZ) reverted to a dovish hold. Economists at DBS Bank analyze Kiwi’s outlook. Fed Chair Powell will seek to discourage markets from repricing excessive rate cuts With the RBNZ’s rate hike bias diminished, NZD/USD is vulnerable to a stronger Greenback on US data surprises

Share: EUR/USD drifted below 1.0800 after EU sentiment missed the mark. US GDP came in mixed, driving EUR/USD back to baseline. US PCE inflation to be the key data release this week. EUR/USD sagged early Friday after European sentiment indicators came in below expectations, and a lopsided print in US Gross Domestic Product (GDP) figures

Share: Gold price falls sharply as Fed policymakers maintain a hawkish narrative. The US Dollar strengthens as market expectations for early Fed rate cuts ease. Investors await the US core PCE inflation data for fresh guidance. Gold price (XAU/USD) comes under pressure in Wednesday’s European session as Federal Reserve (Fed) policymakers are not interested in

Share: GBP/USD lacked momentum on Tuesday. US data missed the mark, traders await US GDP. US PCE inflation also due this week for Fed watchers. GBP/USD cycled around 1.2680 on Tuesday as markets look for a fresh push from the Federal Reserve (Fed) with investors steadily pushing away from elevated rate cut bets. US Gross

Share: US stock index futures trade marginally higher following Monday’s choppy action. January Durable Goods Orders data will be featured in the US economic docket. Stock markets could react to US PCE inflation figures later in the week. S&P 500 futures rise 0.10%, Dow Jones futures are unchanged, and Nasdaq futures gain 0.19% ahead of

Share: USD/CAD continues Friday’s thin drift near the 1.3500 handle. Canada wholesale trade likely fell 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, Durable Goods due tomorrow. USD/CAD is stuck in a slow drift near 1.3500 as markets gear up for the week. Economic data remains thin on Monday, and traders

Share: The Pound Sterling (GBP) has performed surprisingly well over the past few weeks. Economists at Commerzbank analyze GBP outlook. Slightly better outlook, but no reason to cheer yet There are early signs that progress is being made on inflation. But the all-clear cannot be given just yet. The fact that the BoE has a

Share: EUR/JPY finishes week with a 0.66% gain, reflecting persistent JPY softness against a backdrop of economic data. Technical analysis shows YTD high at 163.21, with support and resistance levels indicating potential upward momentum. Key technical levels outlined for potential reversals or further advances in the EUR/JPY pair’s trajectory. The EUR/JPY wraps up Friday session

Share: Gold price surges, buoyed by a decline in US Treasury yields and optimistic market conditions. Risk-on mood prevails, yet Gold attracts investors, defying typical safe-haven asset trends. Market sentiment adjusts to Fed’s cautious stance with expectations of significant rate easing by year-end. Gold price resumes its weekly uptrend on Friday and is set to

Share: EUR/USD continues to cycle north of 1.0800. European data confirms preliminary prints. Investors will have to wait until midweek for meaningful data. EUR/USD cycled on Friday, stuck in a near-term range between 1.0840 and 1.0810 as markets settle in for the weekend and gear up for the long wait for significant data. Fresh figure

Share: The DXY exhibits mild daily gains in Friday’s session. The Federal Reserve’s measured approach alongside a robust labor market reduces expectations of rate cuts. The market expects no chance for a March rate cut and less than a 25% chance of a cut in May.  Investors keenly await upcoming economic reports for further insights

Share: USD/CAD dipped to 1.3461 before a US-session surge back to 1.3500. It’s a thin Friday on the economic calendar. USD/CAD put a lot of effort going nowhere this week. USD/CAD looked in both directions on Friday as markets see thin action heading into the week’s closing bell. It was a relatively sedate trading week

Share: WTI comes under some selling pressure on Friday and snaps a two-day winning streak. Concerns about slowing global demand exert downward pressure on the black liquid. Worries about supply disruptions in the Middle East should help limit deeper losses. West Texas Intermediate (WTI) US Crude Oil prices drift lower on the last day of

Share: Another solid print from the weekly report of the US labour market lent extra support to the Fed’s tighter-for-longer narrative, although the move in the Greenback was limited. Furthermore,  room to the Greenback and sponsored a broad-based knee-jerk in the risk-complex, while the generalized upbeat flash readings from PMIs initially bolstered a spike in

Share: FOMC January minutes showed no hurry to cut rates. Economists at ING analyze the US Dollar (USD) outlook after the event. FOMC minutes suggest the Fed is in no rush In a quiet week for the US events calendar, Wednesday’s release of the January FOMC meeting minutes served as a reminder that the Fed

Share: On Wednesday afternoon in the US, the atmosphere was tense as traders, investors, and speculators awaited the quarterly results from what was dubbed by many the “most important stock on planet Earth” – Nvidia. The anticipation was palpable, with many feeling that the market’s fate hung in the balance pending Nvidia’s earnings report. (

Share: Gold price attracts some buyers for the fifth successive day amid modest USD weakness. Geopolitical risks benefit the safe-haven XAU/USD and remain supportive of the uptick. Elevated US bond yields cap any further gains ahead of the key FOMC meeting minutes. Gold price (XAU/USD) fails to break through the 50-day Simple Moving Average (SMA)

Share: EUR/USD climbed above 1.0800 early Tuesday, testing the 1.0840 region. Broad market US Dollar sell-off props up the Fiber. Markets await Fed Meeting Minutes, EU PMIs. EUR/USD climbed to a two-week high just shy of 1.0840 on Tuesday after the US Dollar (USD) broadly fell before recovering in the US trading session after American