FX

Share: Australian Dollar retraces its losses on risk-on sentiment. Australian job advertisements improved by 0.1% in December, from the 4.6% prior. PBoC former director Sheng Songchen stated that China’s property downturn might persist for another two years. US Dollar remains steady amid downbeat US bond yields. The Australian Dollar (AUD) attempts to recover its losses

Share: Marathon Digital Holdings plunged more than 15% on Friday. The peformance of MARA was in response to the crashing Bitcoin price, which lost about 8%. Heavy selling due to redemptions at the Grayscale Bitcoin Trust are to blame.  MARA stock fell below an important support level and might continue trending lower toward support in

Share: The Swiss Franc gained slightly against the Greenback on Friday after US Producer Price Index data fell short of estimates.  Overall PPI fell and core factory gate prices flatlined for three consecutive months. The data substantially increases the probabilities of interest rates falling in the US in the future.  The Swiss Franc (CHF) gained slightly on Friday

Share: EUR/GBP trades neutral at 0.8597, set to close a third straight weekly loss. Key technical indicators suggest a bearish momentum, despite slight gains, with RSI and MACD on the daily chart in negative. Mixed readings are seen on the four-hour indicators. In Friday’s session, the EUR/GBP pair was observed trading flat at around 0.8600.

Share: European stocks climbed, bolstered by improving risk appetite on rate cut hopes. The UK saw a slight return to growth as UK GDP rebounds. US PPI fell more than expected, driving sentiment even higher. Major European equity indexes broadly gained ground on Friday, stepping up ahead of the trading week’s close after UK Gross

Share: GBP underperforms after mixed GDP data for November. Economists at Scotiabank analyze Cable’s outlook. Intraday support is 1.2690/1.2700 UK November GDP rose a stronger than expected 0.3% MoM but fell slightly more than forecast in the 3M/3M comparison (-0.2%). November GDP data suggest economic growth trends remained weak late last year, with a Q4

Share: The US and UK forces carried out attacks against multiple Houthi targets in Houthi-controlled regions of Yemen on Thursday, according to CNN. The strikes are a significant reaction after the Biden administration and its allies warned the Houthi that the consequences of repeated drone and missile attacks on commercial ships in the Red Sea

Share: USD edges marginally lower ahead of the December Consumer Price Index (CPI) report. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes how US inflation data could impact the Dollar. Markets are looking for soft inflation data Price action suggests that markets are looking for soft inflation data – a decent bet as recent US inflation

Share: Australia’s trade surplus widened to 11,437M MoM in December versus 7,500M expected and 7,129M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s December Goods/Services Exports reprint 1.7% figures on a monthly basis versus 0.4% prior. The

Share: WTI Oil steadies near $72 after a positive close on Tuesday.  Overnight API was a chunky drawdown of over 5 million barrels.  The DXY US Dollar Index holds above 102.00, while traders keep powder dry ahead of Thursday’s US inflation reading.  Oil prices are going nowhere despite quite a few bullish elements to take

Share: The latest data published by the Australian Bureau of Statistics (ABS) on Wednesday showed that the nation’s Consumer Price Index (CPI) decelerated from the 4.9% YoY rate to 4.3% in November. The reading was slightly lower than the consensus estimates for a reading of 4.4%.  Market reaction The AUD/USD pair reacts little to the

Share: GBP/USD gains some confidence for new higher high [Video] GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from October at 1.2720, reviving hopes that the soft four-day bullish wave could gain extra legs in the coming sessions. Read more… [embedded content] GBP/USD Price Analysis: Consolidates

Share: Australia’s Retail Sales, a measure of the country’s consumer spending, improved 2.0% MoM in November from the previous reading of a 0.2% drop, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday. The figure came in better than the market expectation for an increase of 1.2%. Market reaction

Share: European Central Bank (ECB) Governing Council member Boris Vujcic said on Monday that he thinks the Eurozone will be able to avoid a recession, as reported by Bloomberg. Vujcic noted that he also expects inflation to slow gradually, adding that they are not discussing rate cuts and they probably will not do so before summer. 

Share: The Federal Reserve (Fed) Bank of Dallas President Lorie Logan said on Saturday that the central bank may need to continue raising its short-term policy rate to keep a recent decline in long-term bond yields from rekindling inflation. Key quotes “Premature easing of financial conditions could allow demand to pick back up.” “If we

Share: DXY Index retreats after the latest string of US data holds onto weekly gains United States NFPs from December were higher than expected, as well as Average Hourly Earnings, while the Unemployment Rate stood at 3.7%. The Services ISM PMI from the same month was disappointing. The US Dollar (USD), represented by the Dollar

Share: EUR/USD whipped in hectic Friday action following Eurozone inflation, US labor data. European inflation continues to hamper the ECB, while US jobs data beat the street. EUR/USD wraps up the week near 1.0940. The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index

Share: The Canadian Dollar is etching in a broad range on NFP Friday. Canada jobs additions crumble, US jobs easily beat the street. Despite weak labor figures, Canadian wage pressures persist. The Canadian Dollar (CAD) slumped to a new low for the week against the US Dollar (USD) before surging to a three-day high as