FX

Share: USD/CHF strives to snap its winning streak as US Treasury yields decline. Markets bets on Fed rate cuts in March have slowed down. Fed’s Bullard has anticipated the central bank to initiate policy rate cuts as early as March. SNB President Thomas Jordan noted that the robust CHF has played a role in capping inflation.

Share: USD/MXN reversed after briefly testing the 200-Day Moving Average (DMA). Economists at Société Générale analyze the pair’s outlook. 17.42/17.55 likely to cap upside USD/MXN has resumed its decline after testing the trend line drawn since 2021 at 18.48 (now near 18.10). Recent attempt of rebound has faltered near 200-DMA (17.42/17.55).  Daily MACD has started

Share: Gold price regains positive traction on Tuesday, though the upside potential seems limited. Geopolitical risks and China’s economic woes lend some support to the safe-haven XAU/USD. Reduced bets for an early rate cut by the Fed should cap any meaningful appreciating move. Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday

Share: The EUR/GBP records 0.20% losses standing at 0.8562. The ECB meets on Thursday, no policy change expected. Daily chart indicators present bearish sentiment: RSI indicates a negative slope in unfavorable territory with MACD’s rising red bars hinting at a selling momentum. On Monday’s session, the EUR/GBP pair was seen trading at the 0.8562 level,

Share: Gold price meets with a fresh supply on Monday and snaps a two-day winning streak. Reduced bets that the Fed will cut rates in March act as a headwind for the XAU/USD. Retreating US bond yields, softer USD and geopolitical risk could limit any further slide. Gold price (XAU/USD) struggles to capitalize on its

Share: Crude Oil markets pushed into a new high for the week before settling back on Friday. WTI roils between $74.50 and $73.00 on Friday. Freezing temperatures and geopolitical tensions weigh on supply concerns. Crude Oil bids broadly rose over the week in jittery trading that saw frequent peaks and dips into highs and lows,

Share: US indexes climbed on Friday, led by chip makers. Investors have pivoted to tech shares to shake off Fed rate tantrum. Markets go haywire as the US Dollar, US equities, and Treasury yields all rise. The Standard & Poor’s drove to a new all-time high of $4,839.58 on Friday as equities broadly rallied as

Share: AUD/USD gains 0.34% on positive sentiment, defying a negative housing market report impact. Neutral bias with an upside tilt; breach of 200-DMA at 0.6579 may target 0.6600 and 0.6639. Downside risks include 200-DMA at 0.6579 and the January 17 low of 0.6523 before testing 0.6500. The Australian Dollar (AUD) registers solid gains from the

Share: EUR/USD could be somewhere near 1.1500 by end-2024, economists at ING report. A dose of patience is required We retain a 1.1500 end-year forecast for EUR/USD but see range trading in the near term.  While a re-assessment of the aggressively priced European Central Bank easing cycle could in theory be positive for the Euro,

Share: The late 2023 rally in AUD/USD has faded somewhat in early 2024. Economists at Danske Bank analyze the pair’s outlook. AUD/USD remains firmly in the hands of global risk sentiment With Australian leading indicators pointing firmly downward, and US economic data still remaining solid, we expect relative rates and growth to weigh on AUD/USD

Share: The Japanese Yen languishes near its lowest level since November 28 against the USD. Japanese consumer inflation eases as expected and reaffirms bets for a BoJ status quo. A positive risk tone also undermines the safe-haven JPY and lends support to USD/JPY. Reduced bets for a March Fed rate cut and rising US bond

Share: The US Dollar trades in the green in the aftermath of the weekly US Jobless Claims. Traders hear Fed’s Bostic call again for a steady-for-longer outlook.  The US Dollar Index failed to close above the important technical level of 103.40.  The US Dollar (USD) trades slightly higher in the aftermath of US Jobless Claims

Share: AUD/JPY moves above a key level of 97.00 after the Australian economic data. Aussie Consumer Inflation Expectations and Unemployment Rate remained consistent at 4.5% and 3.9%, respectively. Japanese Yen faces challenges as BoJ is expected to maintain an ultra-dovish stance. AUD/JPY extends its gains for the second straight session, improving to near 97.10 during

Share: Christine Lagarde will participate in the World Economic Forum, in Davos. ECB President’s speech will be scrutinized for fresh insights on the economy and policy. European Central Bank held rates for the second straight meeting in December.   European Central Bank (ECB) President Christine Lagarde speaks in her first of three stage appearances at the

Share: EUR/USD attempts a modest recovery from over a one-month low touched on Tuesday. Mixed signals from ECB policymakers might hold back bulls from placing aggressive bets. Diminishing odds for an early Fed rate cut underpin the USD and should cap the upside. The EUR/USD pair ticks higher during the Asian session on Wednesday and

Share: AUD/USD dips pressured by rising US Treasury yields and a robust 0.60% gain in the US Dollar Index (DXY). Deteriorating risk appetite and expectations of less aggressive Fed rate cuts contribute to the AUD’s weakness; Fed Governor Waller’s speech highly anticipated. Australian consumer sentiment wanes amid higher mortgage rates and living costs, despite potential

Share: Australian Dollar moves on a downward trajectory as US Dollar strengthens. Australian Consumer Confidence declined by 1.3% in January against the 2.7% prior. Fed Bostic warned that inflation may waver in the upcoming months. Upbeat US bond yields contributed support to underpinning the Greenback. The Australian Dollar (AUD) continues its losing streak on Tuesday

Share: Silver price consolidates around $23.60 as trading volume is lower than average due to closed US markets. Investors are more confident about Fed reducing interest rates from March after soft US PPI data. Deepening Middle East tensions have improved safe-haven appeal. Silver price (XAG/USD) trades back-and-forth around $23.30 in a thin-volume trading session due