FX

Share: After conveying the likely peak of interest rates at the major central banks during early Week, Morgan Stanley (MS) provided detailed expectations for the next week’s Federal Open Market Committee (FOMC) monetary policy meeting. MS said they expect the Fed to deliver a 25 basis points (bps) hike and communicate a conditional pause. The research also

Share: USD/JPY catches aggressive bids following the release of the Advance US Q1 GDP report. The US economic growth decelerated from 2.6% to 1.1% during the first quarter of 2023. Traders now look to the BoJ meeting and the US Core PCE Price Index for a fresh impetus. The USD/JPY pair rebounds over 80 pips

Share: USD/JPY bounces off intraday low to pare recent losses during three-day downtrend. BoJ Officials keep favoring easy money policy, push back the need to alter YCC. US House of Representatives passed a bill to kick-start debt ceiling negotiations. Market fears due to First Republic Bank’s performance can weigh on Yen pair ahead of US

Share: Strong earnings reports from the big tech companies last night have helped improve market sentiment and weigh on the US Dollar, write Economists at BBH.  DXY is trading lower near 101.269 and has given back nearly all of yesterday’s gains. Key quotes: “WIRP suggests over 80% odds of 25 bp hike at the May

Share: AUD/USD pares the biggest daily loss in eight days with minor gains. One-month-old horizontal support, oversold RSI (14) put a floor under Aussie prices. Six-week-long previous support line guards recovery moves ahead of Australia CPI for Q1 and March. AUD/USD prints mild gains around 0.6630 as it consolidates the biggest daily loss in a

Share: Markets Strategist Quek Ser Leang at UOB Group expects USD/THB to remain side-lined in the short-term horizon. Key Quotes “Last Monday (17 Apr, spot at 34.33), we held the view that USD/THB ‘is likely to trade with an upward bias but a sustained rise above 34.55 is unlikely’. Our expectation did not materialize as

Share: US Dollar Index stays pressured near one-week low as yields drop amid Fed concerns, US debt ceiling drama. US politicians jostle over debt ceiling plan ahead of June expiration. Markets brace for Fed policy pivot, rate cuts in 2023 ahead of next week’s anticipated 0.25% lift. Spread between US one-month and three-month Treasury bond

Share: Today’s instrument is the Tesla Inc.’s stock traded in NASDAQ exchange under the ticker TSLA. Looking at the TSLA chart, we can see that on the 20 th of April, there was a big drop of the share’s price from around $180 to around $160, which was due to the worse- than-expected quarterly earnings

Share: USD/CAD is building a base for a decisive break above 1.3550 despite downside bias for the US Dollar Index. Higher interest rates by the BoC have heavily impacted on Canada’s retail demand. The further downside in the oil price looks solid as global central banks are preparing for a fresh rate hike cycle. The

Share: Silver price retreats after hitting daily high on upbeat US economic data. Upward momentum for XAG/USD remains despite recent losses. XAG/USD may drop unless it holds above a critical support level. Silver price retraces after hitting a daily high of $25.37, last seen at around $25.05, as US Treasury bond yields edged up, following

Share: S&P Global PMI figures ease recessionary fears, boost US economy. Traders’ moods fluctuating to risk-on/off dominated the New York session. EU’s PMI results are mixed; manufacturing activity shranks, while Services and Composite Indices exceed expectations. Markets remain cautious amid uncertain rate outlooks from the Fed and the ECB. The EUR/USD prepares to finish the

Share: GBP/USD cracking 1.2400 could trigger a bearish resumption, exposing 100 and 200-day EMAs at 1.2173. Buyers pushing GBP/USD above 1.2400 could spark upward momentum and test YTD high at 1.2546. After a tranche of UK and US economic data, GBP/USD stays in sideways choppy trading, keeping the pair scrambling for direction following the last

Share: Markets are on pause, awaiting catalysts. It will be the week before the central bank’s weeks. Major currency pairs are moving sideways, with a mixed US Dollar, holding on to recent losses versus EUR and GBP. The pattern could continue next week, considering that the first week of May is crucial with monetary policy

Share: USD/CAD climbs to a nearly two-week high and draws support from a combination of factors. The recent slump in Crude Oil prices continues to undermine the Loonie and acts as a tailwind. Bets for more Fed rate hikes and a softer risk tone lift the USD back closer to the weekly high. The USD/CAD

Share: Dark cloud cover in the EUR/JPY daily chart suggests a pullback could be underway. EUR/JPY sellers are losing momentum as oscillators shifted neutral. The EUR/JPY retraced Wednesday’s gains on Thursday, as the pair formed a dark cloud cover. The two-candlestick chart pattern suggests the pair could be headed downwards, but a daily close below

Share: US Dollar stays resilient against its major rivals in the second half of the week. Crude oil prices slide on worsening demand outlook, stronger USD. USD could react to macroeconomic data releases from the United States in the American session. The US Dollar (USD) keeps its footing following Wednesday’s modest rebound as investors continue

Share: Gold price is hovering below $2,0000 after a V-shape recovery move. The 10-year US Treasury yields jumped above 3.59% as one more rate hike by the Fed is in the pipeline. Several Fed districts noted that banks tightened lending standards amid increased uncertainty and concerns about liquidity. Gold price (XAU/USD) is facing hurdles in

Share: A combination of supporting factors lifts USD/CAD to a four-day high on Wednesday. Tumbling Oil prices undermines the Loonie and acts as a tailwind amid a stronger USD. Acceptance above the 200-day SMA supports prospects for additional intraday gains. The USD/CAD pair catches fresh bids on Wednesday and climbs to a four-day high, around