FX

Share: NZD/USD touches a one-month peak on Wednesday and is supported by a softer USD. Reduced bets for more rate hike by the Fed and a positive risk tone weighs on the buck. Investors now look to the US PPI and the FOMC minutes for some meaningful impetus. The NZD/USD pair attracts some follow-through buying

Share: Natural Gas prices jump to $3.59. The US Dollar eases as markets turn towards risk on.  US Natural Gas prices could reach $4 if further supply hiccups emerge. Natural Gas prices keep pressing higher as supply towards Europe is getting cut short from all sides. First and foremost the Australian ports are due to

Share: EUR/JPY fades Monday’s drop and climbs to the 158.00 region. Further side-lined trade appears favoured so far. EUR/JPY sets aside Monday’s small pullback and resumes the upside to the boundaries of the 158.00 zone on Tuesday. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a

Share: Gold price scales higher for the second straight day and climbs to over a one-week high on Monday. Escalating geopolitical tensions in the Middle East provide a strong lift to the safe-haven XAU/USD. Hawkish Fed expectations, elevated US bond yields underpin the USD and cap gains for the metal. Gold price (XAU/USD) witnessed a

Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor data release,

Share: Mexican Peso gained on Friday but printed more than 4% weekly losses. Mexico’s economic docket will feature inflation data in the next week. USD/MXN set to extend its gains after printing a new cycle high at around 18.48. Mexican Peso (MXN) finished the week with solid gains vs. the US Dollar (USD) on Friday

Share: EUR/USD catches a firm lift post-US NFP release, climbing 1.12% from the day’s bottom. Broad-market flows have gone firmly risk-on following a bumper NFP reading for the USD. Euro traders will be looking ahead to Monday’s investor confidence indicator for October. The EUR/USD climbed 117 pips from Friday’s bottom bids of 1.0482 to tap

Share: USD/JPY ascends to 149.50, rebounding from lows, driven by a US jobs report that eclipsed market expectations. Despite a surge, USD/JPY retraces slightly, settling around 149.20, with US 10-year note yielding at a sturdy 4.780%. Japanese officials express concerns over Yen volatility, while a rise in the 10-year JGB coupon hints at potential BoJ

Share: Gold price trades back and forth as investors await US official Employment data. Taking cues from the US ADP Employment report, job creation is foreseen to slow. Fed’s Daly sees no more rate hikes if the labor market slows and inflation remains close to 4%. Gold price (XAU/USD) delivers V-shape recovery despite the United States Nonfarm

Share: Japanese Finance Minister Shunichi Suzuki declined once again on Thursday to “comment on whether Japan intervened in FX market.” Additional quotes There are many factors to determine whether moves in FX are “excessive”. No change in how govt would deal with those. Market reaction USD/JPY is trading on the front foot near 148.60, despite

Share: In recent weeks, the bond market has seen another hawkish lurch.  Economists at ABN Amro look at the drivers of the move so far and make an assessment of whether the rise in yields can be sustained. What is going on in the bond markets?  Given the recent economic development in both the US

Share: WTI prices remain on the defensive near $83.50 on Thursday. OPEC and its allies maintained the output policy unchanged through the end of 2023. The higher-for-longer US rate narrative weighs on the WTI prices. Oil traders await the US Nonfarm Payrolls on Friday for fresh impetus. Western Texas Intermediate (WTI), the US crude oil

Share: Economists at Rabobank are not convinced that the recent rise in USD/MXN marks the start of a new trend of Peso weakness. USD/MXN set to turn back lower when the pace of rising US yields slows While we do think USD/MXN has likely traded the lows of this trend in the 16.60s, we don’t

Share: EUR/JPY recovers from a two-day losing streak despite BoJ’s verbal interventions. The risk-off sentiment could limit the potential of the cross-pair. Differences of opinion among ECB officials reflect the complex situation surrounding the Eurozone economy. EUR/JPY recovers from the two-day losses, trading higher around 156.20 during the Asian session on Wednesday. The cross pair receives

Share: Silver price falls back as US Job Openings data outperformed expectations. Upbeat job openings data indicate that labor demand by US employers improves. Silver price delivered a breakdown of the H&S chart pattern, which resulted in a vertical sell-off. Sliver price (XAG/USD) resumes its downside journey as the United States Bureau of Labor Statistics

Share: USD/JPY strengthens due to the increased risk-off sentiment. BoJ announced an unscheduled bond-purchasing exercise on Monday. Higher US Treasury yields contribute support to underpin the Greenback. USD/JPY surges to its highest level in eleven months, hovering around the 149.90. This upward movement is attributed to the US Dollar (USD) benefiting from a decline in

Share: The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, October 3 at 03:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming central bank’s decision. The RBA is expected to keep

Share: USD/JPY gains traction near 149.70 amid the USD demand. BoJ Governor said that the central bank has a long way to go before exiting its ultra-loose monetary policy. The US annual Core PCE Price Index grew 3.9% from 4.3% in July, in line with expectations. Investors will monitor the US ISM Manufacturing PMI, Fed