FX

Share: After gaining around 16% this year the Dax has rallied up to the highs from January 2022. However, there are increasing calls that the recent rise in stocks, particularly in the US, looks stretched. This has resulted in some calls from analysts that overblown valuations, concerns over higher rates, and portfolio rebalancing mean stocks

Share: On Wednesday’s session, the GBP/JPY traded in the 179.93 – 181.61 range. Rising Gilts amid hot inflation figures from the UK gave the British Pound traction. The Yen weakened on dovish BoJ minutes ahead of inflation figures on Friday. The GBP/JPY cross trades with gains on Wednesday as hot inflation figures from the UK

Share: Further upside in USD/CNH should remain in the pipeline while above the 7.2000 level, comment UOB Group’s Markets Strategist Quek Ser Leang and Senior Economist Alvin Liew. Key Quotes 24-hour view: While we expected USD to advance yesterday, we held the view that it “is unlikely to break clearly above 7.1800.” However, USD broke above

Share: What you need to know on Wednesday, June 21: The US Dollar kept grinding higher on Tuesday as the market mood soured on fears that Chinese economic growth has lost momentum. The focus now shifts to Federal Reserve Chairman Jerome Powell’s testimony before Congress. The People’s Bank of China (PBoC) cut two key lending

Share: Euro posts decent gains after two daily pullbacks in a row. Stocks markets in Europe extends the weekly bearish note. Renewed weakness in the US Dollar props up the pair so far. US traders return to their desks following Monday’s holiday. Investors’ attention remains on the Fed, ECB future moves. Cautiousness is expected to gather steam ahead

Share: NZD/USD looks to the Aussie for clues ahead of key events. The RBA minutes and Fed chair testimony will be in focus. The New Zealand Dollar fell to a low of 0./6101 on Monday and is currently down by 0.5% to 0.6200 after hitting a three-week top last week. Markets are looking to a slew

Share: Economists at ING discuss USD outlook. Fed Chair Powell to keep the market biased towards a 25 bps hike on 26 July While much of the focus will be on overseas rate meetings this week, the US calendar still sees important congressional testimony from Fed Chair Jerome Powell on Wednesday and Thursday. It looks

Share: EUR/USD bulls eye higher highs but a correction could be on the cards.  Bears eye a correction to test trendline support. The euro surged into the 1.0970 mark vs. the US Dollar on Friday, reaching its strongest level since May, following the European Central Bank’s decision to raise interest rates for the eighth consecutive

Share: NZD/USD traded neutral at the 0.6230 area on Friday but set a 1.70% weekly gain. Hawkish Fed speakers and upbeat UoM data gave the USD momentum. Rising US bond yields limited the Greenback’s traction. The NZD/USD traded stable at the 0.6210 – 0.6245 range at the end of the week, holding to a 170

Share: USD/JPY surges to a YTD high of 141.91, though failure to surpass 142.00 could trigger a sell-off. The rising wedge pattern sparks uncertainty as USD/JPY nears key resistance. Japanese FX intervention may influence future USD/JPY direction. USD/JPY soared more than 1% on Friday due to safe-haven flows and a jump in US Treasury bond

Share: Natural Gas extends higher on Friday, though at a slower pace as the US Dollar finds a floor on the back of hawkish Fedspeak. The latest driver is the news that the Groningen Gas plant in the Netherlands will probably close in October 2023, a year earlier than previously thought.  A weaker US Dollar

Share: EUR/USD rally curtailed following the ECB rate hike and hawkish remarks from central bankers. US Consumer Sentiment improves, supporting a stronger USD; Eurozone inflation slows as expected. Hawkish stances by both ECB and Fed officials hint at potential further tightening. Upcoming key events include the German May PPI, the EU’s General Council meeting, and

Share: This month in the G10 space, the Dollar is only stronger against the Yen. Economists at ING analyze the USD outlook. DXY can probably edge down to the 102.00 area In the short term, the Dollar may well stay soft against most currencies except the Japanese Yen, with the Bank of Japan remaining resolutely

Share: The Swiss Franc is on the march but a correction is eyed for. USD/CHF bulls are lurking in what could be a support area for the coming sessions. The Swiss Franc rallied in tandem with the Euro on Thursday which made a fresh four-week high against the US Dollar after the European Central Bank lifted interest

Share: European Central Bank is widely expected to raise key rates by 25 bps on Thursday. Will the ECB hint at a potential September rate hike pause? Euro braces for wild action on the ECB decision and President Lagarde’s presser. European Central Bank (ECB) is set to announce another rate hike on June 15, Wednesday,

Share: Federal Reserve Chairman Jerome Powell held a news conference and explained why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5-5.25% at June FOMC meeting.  Powell also responded to questions regarding hawkish revisions to the dot plot, while refraining from committing to a a return to rate

Share: USD/INR has held within a narrow 2.5% range, between 81-83, since the start of the year. Economists at Commerzbank analyze the pair’s outlook. Strong economic monentum Reserve Bank of India is content to see a relatively stable USD/INR.  India’s strong economic performance, lower oil and commodity prices, and RBI’s rate hikes are supportive factors

Share: USD/MXN falls over 0.30% as US headline inflation drops, encouraging Fed’s likely pause in June. Despite the US Dollar drop, Treasury bond yields rise; 10-year note at 3.827%. Bank of Mexico Governors emphasize the need for maintaining higher rates. USD/MXN tumbles to fresh seven-year lows, achieved during the last six trading days, courtesy of