FX

EUR/JPY finds support at Ichimoku cloud bottom, trading capped at upper edge at 161.45. Bearish momentum noted; faces resistance at 161.00 and 50-day SMA at 161.75. Decline below Ichimoku cloud could test deeper supports at 156.16 and 154.39. The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of

Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday. Key quotes (via Reuters) China’s economic operations were generally steady in 2024. The impact from the external environment changes is deepening. Domestic demand is insufficient. Economic operations still

TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal

The Indian Rupee drifts lower in Thursday’s Asian session.  Higher oil prices and persistent outflows weigh on the INR, but weaker USD and RBI’s intervention might cap its downside.  Investors await the US December Retail Sales and weekly Initial Jobless Claims releases on Thursday for fresh impetuses. The Indian Rupee (INR) trades in negative territory

USD/JPY falls sharply as U.S. consumer inflation data shows slowing core inflation. Bank of Japan Governor’s hawkish comments lift Yen; U.S. 10-year yields drop 12bps. Upcoming Fed speeches and U.S. economic data key for further market direction. The USD/JPY dropped over 1% in early trading during the North American session as inflation data in the

United Kingdom’s Office for National Statistics will release the December CPI data on Wednesday. The annual UK headline CPI inflation is set to rise in December, with the core figure cooling slightly. The UK CPI report will likely rock the Pound Sterling amid the BoE’s cautious policy approach. The United Kingdom’s (UK) Office for National

GBP/USD extends downtrend, slipping below 1.2200 after US inflation release. Next GBP/USD support at 1.2136; potential drop to 1.2100 may hit a new year-to-date low. Recovery above 1.2200 needed to challenge the week’s high at 1.2249, further resistance up to 1.2351. The GBP/USD plunged below 1.2200 during the North American session following the release of

The Japanese Yen attracts fresh sellers on Tuesday amid wavering BoJ rate hike expectations.  Easing fears about Trump’s tariff plans boosts the risk sentiment and also undermines the JPY. Hawkish Fed-inspired elevated US bond yields favor the USD bulls and lend support to USD/JPY.  The Japanese Yen (JPY) struggles to capitalize on gains registered against

AUD/USD ticks higher to near 0.6150 as the AUD gains even though RBA dovish bets swell. The Fed is expected to deliver only one interest rate reduction this year. Investors await the US inflation and the Australian employment data for December. The AUD/USD pair moves higher to near 0.6150 in Monday’s North American session. The

People’s Bank of China (PBOC) Governor Pan Gongsheng said on Monday that “interest rate and RRR tools will be utilized to maintain ample liquidity.” Additional comments Reaffirms China plans to increase the fiscal deficit. China will remain a driving force for the global economy. Policy focus should shift towards investment and consumption. Challenges persist in

AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following stronger-than-anticipated US Nonfarm Payrolls (NFP) data, hovering near multi-year lows around 0.6150. The Federal Reserve’s (Fed) hawkish shift keeps US

Gold rebounds 0.69% despite significant US job additions, challenging Fed’s rate cut path. Gold recovers from post-labor report drop as investors weigh Fed’s cautious disinflation stance. Upcoming US inflation and retail sales data set to influence gold’s trajectory, Fed policy. Gold price rebounded off daily lows on Friday, extending its rally for the fourth consecutive

EUR/USD falls for the fourth consecutive session before a modest uptick to 1.0310 on Friday. RSI hovers at 33, edging closer to oversold territory amid persistent bearish pressure. EUR/USD deepened its descent into fresh lows not seen since November 2022, briefly dipping below 1.0250 on Friday and the pair tallies four-day losing streak, reflecting an

The Dow Jones tumbled 700 points on Friday after NFP figures surged in December. Market bets for Fed rate cuts sank, rate traders now expect a single rate cut this year. Consumer sentiment and inflation expectations also rose, further hitting risk appetite. The Dow Jones Industrial Average (DJIA) took a hard hit on Friday after

EUR/USD dives to near 1.0200 on surprisingly robust US NFP data. US President-elect Donald Trump is expected to declare a national economic emergency. The Euro gains despite traders price in four interest rate cuts by the ECB this year. EUR/USD posts a fresh more-than-two-year-low near 1.0200 in Friday’s North American session. The major currency pair slides vertically as the United

The People’s Bank of China (PBOC) announced on Friday that it has halted treasury bond purchases temporarily due to short supply of the bonds. The Chinese central bank’s declaration comes after repeated warnings of bubble risks in country’s red-hot bond market. Market reaction The Chinese Yuan has come under moderate selling pressure despite the above

The US Dollar consolidating at current levels as inflation worries fade a touch.  Inflation concerns are top priority, triggering a mini-crisis in UK Gilts.  The US Dollar Index (DXY) hovers arond 109.00 in search of support.  The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades flat above 109.00 on Thursday

The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the third consecutive