FX

Share: EUR/USD found some room higher but still lacks upside momentum. Final German HICP and CPI inflation brought no surprises. US CPI inflation, EU GDP figures slated for next week. The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. However, the pair remains firmly planted on the low side

Share: Cloudflare traded up as high as 22% on Friday after releasing earnings on Thursday. Cybersecurity firm beat earnings and sales consensus for the fourth quarter. Adjustment to inflation readings helped stock indices to the upside on Friday. NET stock may find support closer to $100 psychological level. Cloudflare (NET) stock has lost just 0.85%

Share: The EUR/GBP currently trades at 0.8536, reflecting minor losses on Friday. The pair will tally a seven-week losing streak. Focus is set on next week’s British economic data including inflation and labor market reports. A more hawkish stance of the BoE in relation to the ECB gives the Pound traction. On Friday’s session, the

Share: Following Monday’s Powell-driven sharp rebound in the US Dollar, the risk-linked galaxy managed to regain some balance as the sessions passed by, sparking a decent recovery in the likes of the single currency and the British Pound in an environment broadly dominated by speculations surrounding the potential timing of interest rate cuts by the

Share: European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Friday that the central bank “will probably cut rates this year.” His comment comes after his colleague Martins Kazaks noted that he is “not optimistic for Spring rate cuts.” Market reaction EUR/USD is flirting with highs near 1.0780

Share: On Thursday, the GBP/USD pair declined towards the 1.2615 level showing slight losses with upbeat US labor market figures benefiting the Greenback with Jobless claims from the week ending on February 3 coming in lower than expected. However, the Bank of England (BoE) holds a somewhat similar stance as the Federal Reserve (Fed) in delaying rate cuts

Share: Australian Dollar retraces its recent losses amid a stable US Dollar. Australia’s currency is strengthened as RBA’s Bullock did not rule anything in or out regarding future policy actions. Chinese CPI (YoY) declined by 0.8% against the anticipated decline of 0.5% and the previous decline of 0.3%. Fed members commit to keeping interest rates elevated

Share: Alibaba management approves another $25 billion worth of buybacks. BABA trades lower as profits fall from a year ago, revenue growth slows. Alibaba stock continues to trade about 75% off its 2020 high of $319.  Retail sales have slowed nationwide in China as real estate bubble unwinds. Alibaba (BABA), once the leading light among

Share: Here is what you need to know on Wednesday, February 7: The US Dollar (USD) struggles to gain traction early Wednesday, with the USD Index (DXY) holding steady slightly above 104.00 after snapping a two-day winning streak on Tuesday. Goods Trade Balance for December will be featured in the US economic docket and the

Share: Canadian Dollar halts the slide but fails to recover ground. Canada’s PMI, Building Permits muddy the waters. BoC Governor Macklem due to speak in Montreal. The Canadian Dollar (CAD) managed to pump the brakes on a two-day backslide on Tuesday, but a recovery seems limited as Canadian economic figures look mixed. Loonie bidders await

Share: EUR/JPY edges lower to 159.60 amid the BoJ’s hawkish tilt and safe-haven flows. Investors anticipate the ECB to embark on the first rate cut at the June meeting. BoJ policymakers hinted about the monetary policy shift, which lifts the Japanese Yen.  The Eurozone Retail Sales will be released later on Tuesday.  The EUR/JPY cross

Share: The DXY rose by more than 0.50% to 104.50 on Monday. The US service sector continues to show robustness, making markets disregard an interest rate cut in March. US Treasury yields continue to rise, boosting the Greenback. The US Dollar (USD) measured by the DXY index rose on Monday to 104.50, its highest level

Share: Indian Rupee loses traction on the stronger US Dollar.  The Reserve Bank of India (RBI) is anticipated to keep the rate unchanged at 6.50% on Thursday.  Investors will focus on the US ISM Services PMI for January, due on Monday.  Indian Rupee (INR) recovers its recent losses on Monday. The rebound of the pair is bolstered

Share: META swings to 20% gain after Q4 earnings beat on Friday. Meta Platforms raised its Q1 guidance range to as much as $37 billion. US Nonfarm Payrolls come in hot for January, reducing chance of March rate cut. Mark Zuckerberg introduces $50 billion buyback policy, $0.50 quarterly dividend. Meta Platforms (META) stock closed up 20.3%

Share: The NZD/USD showed a strong downward swing, falling near the 0.6060 level. US Nonfarm Payrolls added 353K jobs in January surpassing by a wide margin the expectations. The bets of a rate cut in March sharply declined and markets pushed the start of the easing to May. In Friday’s trading session, the NZD/USD took

Share: The DXY rose by more than 0.80% to 103.90 on Friday US Nonfarm Payrolls came in higher than expected for January. US bond yields are sharply increasing as markets push to May the start of the easing cycle. The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) chart, mainly fueled by

Share: In January, the Mexican Peso (MXN) weakened from 16.97 to 17.17 against the US Dollar (USD). Economists at MUFG Bank analyze Peso’s outlook. MXN weakening path ahead Ms. Claudia Sheinbaum from the Morena party is favourite to win the presidential election scheduled on 2nd June, benefitting from the high approval rating of incumbent president

Share: The Cocoa price continued its rally from last year in the first weeks of 2024. Economists at Commerzbank expect Cocoa prices in New York to approach all-time high of $5,379. Cocoa market likely to face a supply deficit in the current 2023/24 crop year There are currently concerns that dry weather fanned by Harmattan winds