FX

Share: Mexican Peso gains against USD, with USD/MXN falling to 16.87 after US jobs data shows higher-than-expected employment growth. Banxico’s recent minutes highlight ongoing inflation challenges, affirming the need for stable interest rates. Economic data from the United States was mixed, though it maintains a Goldilocks scenario. US Treasury yields rise as market expectations for Fed

Share: USD/CAD has climbed to near 1.3380 as investors turn anxious ahead of US labor market data. The Unemployment Rate in the US and Canada in December is seen at 3.8% and 5.9% respectively. A decisive break above 23.6% Fibo retracement has improved appeal for the Loonie asset. The USD/CAD pair prints a fresh two-week

Share: NZD/JPY’s 0.70% surge driven by Japanese Yen’s broad weakness, indicating a bullish turn above the Ichimoku cloud. Upcoming resistance challenges include cycle high at 90.43 and the key 91.00 psychological level. Bears could regain ground, targeting supports at Kumo’s top, the Kijun-Sen, and Kumo’s bottom. The NZD/JPY soared sharply and posted gains of more

Share: USD/CAD falls sharply to near 1.3320 amid a correction in the USD Index. Investors await the US/Canada labour market data for further guidance. The Loonie asset struggles to break above the 23.6% Fibo retracement. The USD/CAD pair falls sharply after failing to extend upside above 1.3370. The Loonie asset has dropped to near 1.3320

Share: GBP/USD clings to mild losses near 1.2665 on the firmer USD. Richmond Fed Barkin said the potential for additional rate hikes remains on the table. The fear of recession in the UK economy weighs on the British pound (GBP). Investors await the UK Composite PMI and the US ADP Employment Change. The GBP/USD pair

Share: Gold price pares intraday gains as bets in favour of early rate cuts by the Fed drop slightly. Action in the FX domain could turn volatile as FOMC Minutes and Manufacturing PMI are due for release. The US Dollar Index recovers as upbeat sentiment-based rally pauses. Gold price (XAU/USD) surrenders gains generated in the

Share: Canadian Dollar falls back as broader markets reverse into Greenback bids. Canada economic data continues to slump, Manufacturing PMI flubs expectations. Crude Oil continues to slip, dragging down the Loonie. The Canadian Dollar (CAD) continues to ease back as the 2024 trading year gets underway, extending near-term declines against the US Dollar (USD) to

Share: Gold price moves higher as Fed’s rate-cut bets persist. This week, the US NFP and ISM PMI reports will guide further action in the FX domain. The US Dollar advances further ahead of crucial economic data. Gold price (XAU/USD) kicks-off the 2024 year on a promising note, demonstrating a firm-footing on Tuesday amid prospects

Share: The DXY jumped towards 101.30 after bottoming near 101.20.  The only highlight during the session was December’s Chicago PMI, which came in lower than expected. US Treasury yields gained some ground but remain near multi-month lows. The DXY will post a modest 2% yearly loss, opening the 2023 above 103.00 and closing just above 101.00.

Share: USD/JPY stuck to 141.00 as markets head towards 2024. Greenback shed a third of a percent against the Yen on the last Friday of 2023. USD/JPY down a full percent on the week, but up 7% on the year. The USD/JPY is back into the 141.00 handle as the pair struggles to accelerate momentum

Share: Gold price falls back $2,065 as the impact of deep Fed rate cut hopes start fading away. The Fed is expected to start cutting interest rates from March 2024. Next economic triggers for the Gold price will be US Employment and Manufacturing PMI data. Gold price (XAU/USD) has extended its correction but a consolidation is likely ahead

Share: The Euro wavers around 1.1050  in a choppy year-end trading session. Investors bets on Fed cuts in 2024 keep USD buyers in check. US data released on Thursday strengthened the case for a soft landing in Q4. ​​​The Euro (EUR) is trading moderately lower on Friday, weighed by a mild US Dollar recovery in a

Share: USD/JPY remains above the 141.00 psychological level amid a weaker US Dollar. The immediate resistance could be at the 141.50 major level following the 142.00 level. Technical indicators suggest a bearish sentiment to retest the 141.00 psychological support. USD/JPY continues to experience declines, driven by the weakening US Dollar (USD) influenced by subdued US

Share: WTI declined on Thursday, extending losses as broad-market risk flows reverse direction. Crude Oil markets are facing declines, shrugging off an unexpected decline in US crude stocks. Rough year-end markets are pulling down barrel prices to close out 2023. West Texas Intermediate (WTI) US Crude Oil extended a decline on Thursday, backsliding into the

Share: The Swiss Franc finishes 2023 as the top G10 performer. Economists at ANZ Bank analyze CHF outlook. Weaker EU growth is associated with a stronger CHF TWI on a broader time horizon We think the SNB will be less concerned with supporting CHF strength in 2024. Weaker EU growth is associated with a stronger

Share: The DXY Index fell to its lowest level since July, below 101.00. Markets are placing bets on six rate cuts by the Federal Reserve for 2024. As for now, investors are pricing in the first cut in March. The US Dollar (USD) continues to experience sharp losses, with the US Dollar Index (DXY) trading

Share: Russian Deputy PM Alexander Novak expressed his view on oil supply cuts and Brent oil prices in 2024, in his appearance on Wednesday. Key comments Russia is a responsible participant of OPEC+ agreement Our companies are sticking to their obligations on supply cuts. Russia ensures stable work of oil industry and its strategic development.

Share: The US Dollar is rebounding from Friday’s selloff as investors gear up for holiday. The Loonie briefly rallied to a fresh 19-week high as rate-hungry markets pummel the USD. USD/CAD set for a fifth weekly decline in six straight weeks. The USD/CAD pared back above 1.3260 after plunging to a fresh 19-week low on