FX

Share: Oil (WTI) goes sideways in the range between $88 to $93. The US Dollar consolidates a new six-month high and is set to close a tenth consecutive week in the green. Headline decline from Saudi Arabia or Russia guides oil prices in a calmer regime.  Oil prices are trading in a calmer pattern that

Share: AUD/NZD is seeing extended declines, continuing Wednesday’s backslide. Aussie is reaching lower against the Kiwi, down 0.95% for the week. Australian PMI figures came in mixed with manufacturing seeing further declines. The AUD/NZD has broken out of recent consolidation on the weak side, and the pair shrugged off a mixed trade balance printing from

Share: The Euro adds to the weekly retracement against the US Dollar. Stocks in Europe accelerate their losses on Thursday. EUR/USD meets initial support around 1.0615. The USD Index (DXY) clings to its daily gains near 105.50. The Fed left the door open to another 25 bps rate hike before year-end. Weekly Initial Jobless Claims, Philly Fed

Share: NZD/USD edges higher to 0.5940 after an upbeat growth number.  The Federal Reserve (Fed) maintained interest rates unchanged at 5.25-5.50% range at its September meeting.  New Zealand economy expanded 0.9% in Q2 vs. 0% in Q1.  The NZD/USD pair recovers its recent losses around 0.5937 during the early Asian session on Thursday. The US Dollar

Share: Markets have already written the script for the Fed today: a hawkish hold, and an unchanged 2023 dot plot. Any FX action would depend on potential revisions to the 2024 dots, economists at ING report. FOMC not a huge event for the Dollar The overall message by the Fed should be supportive of the

Share: AUD/JPY rallies to 95.64, its highest level in one-and-a-half months, buoyed by RBA’s latest monetary policy minutes. Following resistance levels in sight: July 25 swing high at 95.85 and the psychological 96.00 mark. Downside risks remain, with key support levels at the Ichimoku Cloud top at 94.74 and the Tenkan-Sen line at 94.60. The

Share: Economists at ING analyze how Canadian inflation data could impact USD/CAD and BoC’s rate hike expectations. Canadian CPI may put a BoC hike back on the table Any upside surprise in the inflation figures would likely put a BoC rate hike back on the table, even though it is not our base case at

Share: AUD/USD trades sideways around 0.6437 amid the cautious mood. Markets expect the Reserve Bank of Australia (RBA) to keep its cash rate at 4.10% for the third consecutive month. Federal Reserve (Fed) is not expected to surprise the markets, with the probability of keeping rates unchanged at 99%. Market players await the RBA Meeting

Share: The European Central Bank’s (ECB) Slovakian policymaker Peter Kazimir said on Monday, “I wish is that September rate hike was the last but can’t rule out further rate increases.” Additional quotes “Only the March forecast can confirm that we are heading unequivocally towards our inflation goal.” “End of rate hikes to open debate on

Share: GBP/JPY looking down a steep hill as the pair loses ground near 183.00. Data-packed economic calendar for the UK in the bottom half of next week. GBP struggles to find a floor on mixed UK data souring investor appetite.  The GBP/JPY has struggled to develop meaningful momentum in recent weeks, and the Guppy is

Share: USD/NOK saw green on Friday, rising 0.50% above 10.788. Investors expect the NB to deliver a 25 basis point hike to 4.25% next week. The Fed decision will likely be a pause next Wednesday. On the last day of the week, the USD/NOK gained additional traction, rising to multi-month highs above 10.788.  On the NOK’s side, Norges

Share: S&P 500 closes down at 4450.32, losing 1.22%, as Technology, Consumer Discretionary, and Energy sectors led the decline. Upbeat US economic data, including a rise in the Empire State Manufacturing Index, fuels optimism that the Fed may achieve a soft landing. US 10-year Treasury yields climb to 4.334%, adding to market jitters, while WTI

Share: As US economic data strengthens the dollar, GBP/USD trades at 1.2397, slipping below its 200-day Moving Average. Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back. With U.S. 10-year Treasury yields at 4.326% and a solid US economy, the

Share: Kiwi holding near the middle, set to finish Friday near where it started. Market flows are firmly in the hands of the US Dollar. Risk sentiment getting limited knock-on positive support from upbeat China outlook. The NZD/USD is set to finish Friday on a slight downstep, trading into the 0.5900 level and unable to find

Share: The dovish ECB hike and another round of strong US activity data sent the Dollar on another rally on Thursday. Economists at ING analyze Greenback’s outlook. Risks remain skewed towards further strengthening in the near term The next resistance for DXY is the 105.85 March high: beyond that, it would explore levels last seen

Share: XAG/USD declined to a low of $22.30 but settled at $22.60. Indicators on the daily chart near oversold conditions. Fundamentals favour more bearish movements. In Thursday’s session, the Silver spot price XAG/USD declined but defended the critical resistance at $22.30 and closed the session at $22.60. However, the bearish momentum persists, and fundamentals back

Share: Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook ahead of the ECB meeting and US Retail Sales.  Short Cable for the ECB? A 25 bps ECB hike and a clear indication of a pause would risk leaving the Euro in a range, especially if US Retail Sales aren’t strong.  ECB

Share: XAG/USD declined by 0.90% to the $22.80 area. Headline CPI from the US from August rose to 3.7% YoY, beating expectations. US yields retreated but remain uncomfortably high for precious metals. In Wednesday’s session, Silver prices retreated and failed to consolidate above $23.00, falling to the $22.80 area. After fresh inflation figures from the