FX

Share: NZD/USD extends gains after softer US employment data released on Thursday. The Kiwi Building Permit (MoM) improved to 3.7% against the previous decline of 10.6%. Investors await more US labor data scheduled to be released on Friday, including US Average Hourly Earnings and NFP. NZD/USD continues to gain ground for the second trading session

Share: Mexican Peso appreciates against the Dollar, driven by the recent Fed decision and softer US employment figures. Banxico’s survey indicates expectations of a rate cut to 9.25% and a year-end exchange rate forecast of 18.50, influencing market sentiment. Mexico’s manufacturing sector shows expansion with a slowdown, contrasting with US data that points to a

Share: USD/CAD trades in positive territory for two straight days, adding 0.03% on the day.  The pair is poised to cross above the key EMA; RSI indicator returns to bullish territory above the 50-midline.  The first upside barrier is located at 1.3460; 1.3395 acts as an initial support level for USD/CAD. The USD/CAD pair extends

Share: The Canadian Dollar recovered some ground after GDP surprised to the upside. Canada saw 0.2% GDP growth in November, which beat consensus. Fed rate call and press conference due in the latter half of the US trading session. The Canadian Dollar (CAD) edged higher on Wednesday after Canadian Gross Domestic Product (GDP) figures beat

Share: Australian Dollar depreciates for the second straight session on weaker inflation data from Australia. Australia’s Monthly CPI reported 3.4% in December, down from November’s 4.3%. Traders expect two rate cuts from the Reserve Bank of Australia in 2024. Chinese Non-Manufacturing and Manufacturing PMI improved to 50.7 and 49.2, respectively, in January. Fed is expected

Share: Mexican Peso notches minor gains with USD/MXN trading at 17.23, up 0.03%, as investors assess economic indicators from Mexico. Mexican GDP growth falls short of expectations, influenced by Banxico’s aggressive interest rate policy now at 11.25%. In the US, Consumer Confidence improves and the robust labor market is highlighted by the latest JOLTs report,

Share: Japan’s Prime Minister Fumio Kishida told parliament on Tuesday that they will do “everything possible” to bolster household income. Additional quotes The biggest mission for my administration is to revive the economy. The economy, particularly wage hikes, is an urgent issue. By achieving wage hikes, will build a positive mindset in society that it’s

Share: What might a breakout above the 200-day moving average and the 38.2% retracement encourage bulls to do? Confirming the Breakout What combination of technical factors encouraged the buyers to take action? What did the bulls’ northward march leave behind on the chart? How high can the price soar in the coming week? If these

Share: USD/CHF loses ground on risk aversion sentiment. US Dollar remains stable despite downbeat US bond yields. Market expects that the Fed will initiate a rate-cut cycle in March. The USD/CHF continues to lose ground for the second straight session, edging lower to near 0.8640 during the Asian hours on Monday. The Swiss Franc (CHF)

Share: AUD/USD ends week down 0.33%, unable to hold above 0.6600, range-bound. Struggle to sustain gains above 200-DMA (0.6576); potential for upward trend watched closely. Key supports at 0.6551, 0.6524; rebound above 200-DMA may aim for resistances at 0.6620, 0.6652. The AUD/USD finished Friday’s session on the back foot, down more than 0.15%, for a

Share: S&P 500, NASDAQ Composite end six-day record streaks. Despite weaker Friday, US indexes closed in the green for a third straight week. US Fed on the docket for next week. US equities closed mixed on Friday to cap off a week of stunning record closes. Over-eager markets that have been leaning into rate cut

Share: DXY Index records a loss, unable to consolidate past 200-day SMA but closes a 0.20% winning week. Core PCE figures from December came in weak. Markets are still pushing the start of the Fed’s easing cycle to May. The US Dollar (USD) Index is presently grappling with losses, trading at 103.35 on the DXY,

Share: EUR/USD reclaims territory near 1.0880 after drop into 1.0820. German Consumer Confidence declined to 11-month low. US PCE inflation eased more than expected, but spending remained high. EUR/USD recovered recent losses on Friday, recovering back into familiar technical levels. Still, overall gains remained limited after German Consumer Confidence backslid to almost a one-year low

Share: Canadian Dollar finds some room against the USD post-PCE print. Canada absent from the economic calendar until next Wednesday. Market focus to pivot toward upcoming Fed rate call. The Canadian Dollar (CAD) found some space on Friday, bolstered by climbing Crude Oil markets and clawing back some of the week’s losses. The US Dollar

Share: Australian Dollar could gain ground on bullish momentum. Australia’s Dollar cheered the improved prices of copper and iron. US Dollar could extend its gains following the firmer-than-expected US GDP figures. US GDP Annualized (Q4) came in at 3.3% above the market consensus of 2.0%. The Australian Dollar (AUD) strives to build on its recent

Share: Mexican Peso drops 0.08% amidst US economic data showing continued growth and mixed signals from Mexico. Strong US GDP growth for Q4 2023 and stable Durable Goods Orders could impact Fed’s rate decisions, contrasting with a cooling labor market. In Mexico, a lower unemployment rate and rising inflation pose challenges for Banxico’s policy direction.

Share: Australian Dollar loses ground as the US Dollar attempts to recover recent losses. Australia’s inflation is likely to stay above the RBA’s target range of 2.0–3.0%. US Dollar faced downward pressure despite the upbeat US PMI data. The Australian Dollar (AUD) loses its ground for the second successive day on Thursday. The AUD/USD pair encountered

Share: ‘Much better-than-expected Netflix subscriber numbers and US private sector activity growth pushed the S&P 500 and Nasdaq 100 to new record highs’, says Axel Rudolph, Senior Market Analyst at online trading platform IG. S&P 500, Nasdaq 100 and DAX 40 surge ahead “Following the Shanghai Composite’s 1.8% rally on the back of rapidly rising