FX

Share: USD/MXN jumps from YTD lows around $18.33 and climbs to 18.40. USD/MXN Price Analysis: Positive divergence remains, which could pave the way for a recovery. The USD/MXN bounces after hitting multi-year lows around 18.3301, snapping three days of consecutive losses. Nevertheless, the USD/MXN would remain pressured after a strong downtrend dragged prices from the

Share: EUR/USD is looking to reclaim 1.0700 amid a recovery in the market mood. The USD Index has refreshed its day’s low at 103.58 as the geopolitical tensions-inspired volatility has faded away. Goldman Sachs expects the Fed to raise interest rates three more times this year. The EUR/USD pair has attempted a recovery after dropping

Share: The EUR/JPY is registering gains of 2.22% in the week after facing solid resistance around 143.60. EUR/JPY Price Analysis: In consolidation within a 130 pip range circa the 143.00 psychological barriers. The EUR/JPY hit a fresh weekly high at 143.67 but reversed some of those gains, resting comfortably above Thursday’s high ahead of the

Share: AUD/USD finished the week with losses, on a sentiment shift, and speculations for an aggressive Federal Reserve. During the last week, US inflation data sponsored a recovery for the greenback as US Treasury bond yields aimed north. AUD/USD are eyeing the busy economic calendar in Australia and the US next week. The Australian dollar

Share: The correction of the Gold price has been pronounced. In the opinion of strategists at Commerzbank, investors on the Gold market are likely to remain hesitant after the price dip. Forecast of the mid-year Gold price lowered to $1,800 “Hopes of an end to the rate hike cycle in the near future in the

Share: USD/MXN drops below last Thursday’s low, extending its losses to a fresh multi-year low of around $18.40. USD/MXN Price Analysis: A break below $18.40 would pave the way toward $18.00. The USD/MXN hit an almost 4-year-and-a-half month low around 18.4485, a level last seen in October 2018, extending its losses by 0.89% in the

Share: Federal Reserve (Fed) Governor Michelle Bowman said on Friday that they are seeing a lot of inconsistent data in economic conditions, as reported by Reuters. Key takeaways “Your guess as good as mine as to what happens next in the economy.” “Unusually low unemployment a great sign.” “We are not seeing what we need

Share: WTI picks up bids to snap four-day downtrend, stays within one-week-old symmetrical triangle. 50-SMA, bearish MACD signals probe buyers, steady RSI line suggests further grinding of Oil price. Weekly high near $80.75 appers the last defense of Oil sellers. WTI crude oil licks its wounds around $78.30 during early Friday morning in Europe. In

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Share: AUD/USD rebounds from 0.6865-70 support confluence to consolidate biggest daily loss in two weeks. Convergence of head-and-shoulders’ neckline, two-month-old ascending trend line challenges bears. Buyers need validation from 21-DMA to retake control. AUD/USD grinds near intraday high surrounding 0.6915 as it reverses the losses post Australian employment data release during early European morning on

Share: UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the publication of the GDP results in Malaysia. Key Takeaways “Malaysia’s real GDP growth moderated to 7.0% y/y in 4Q22 (3Q22: 14.2%) as low base effects wane. However, growth surpassed ours (6.3%) and Bloomberg consensus (6.7%), as well as the long-term

Share: AUD/USD takes offers to refresh intraday low, prints the first daily loss in three. RBA’s Lowe fails to impress hawks despite citing inflation woes. Failures to cross immediate hurdles, bearish MACD signals favor sellers. Two-month-old ascending support line, 50-DMA challenge further downside. AUD/USD recalls bears, after a two-day absence, as it renews its intraday

Share: The index dropped to multi-session lows post-CPI. US inflation rose more than expected during January. FOMC’s Logan, Harker and Williams come next in the docket. The USD Index (DXY), which gauges the greenback vs. a basket of its main competitors, manages to regain some composure and leaves behind earlier lows in the sub-103.00 region

Share: USD/JPY bounces off intraday low, keeps extends pullback from five-week high. RSI’s retreat from overbought conditions joins double top bearish formation to favor sellers. 200-HMA, triangle’s support line probe bears even as MACD signals hint at further downside. USD/JPY prints mild losses around the intraday low of 131.90 as the Japanese government officially nominates

Share: GBP/USD rebounds swiftly from a multi-day low touched earlier this Monday. A recovery in the risk sentiment undermines the USD and offers some support. Hawkish Fed expectations could help limit the USD downside and cap the pair. The GBP/USD pair builds on its goodish intraday bounce from the 1.2030 area, or a multi-day low

Share: GBP/USD bears are in play on the backside of last week’s bullish trend 1.1950 is a target on the downside while 1.2070 is a target on the upside.  As per mid-week of last week’s analysis, GBP/USD Price Analysis: Sell-off cutting into Day-3 longs, 1.2050 eyed for days ahead, the price of the Pound Sterling fell to test

Share: Kohl’s stock trades on NYSE under ticker KSS and has been public since 1992, showing growth and fluctuations. Kohl’s Corporation operates over 1,100 US department stores and is based in Wisconsin. The company was founded in 1962 and faces growing competition from online retailers. It’s adapting to the changing retail landscape by expanding online

Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following Thursday’s price action, which formed a hammer, that exacerbated the USD/CHF recovery, to