FX

Share: AUD/USD finished the week above 0.6900, up 0.04%. Consumer Sentiment in the United States improved while inflation expectations rose. AUD/USD traders are eyeing RBA’s Governor speech alongside the Aussie employment situation. Next week’s US inflation and retail sales would dictate the faith of the US Dollar. The Australian Dollar (AUD) is set to finish

Share: GBP/USD briefly dropped below the 1.20 level earlier this week. Economists at Rabobank expect the pair to see further dips below 1.20 in the coming months. EUR/GBP seen at 0.90 around the middle of the year  “We expect to see further dips below GBP/USD 1.20 in the coming months.” “While EUR/GBP has dropped back

Share: Unemployment Rate in Canada is close to record-low levels, could bounce a bit in January. Canadian Dollar bulls need strong wage data, better-than-expected job growth to keep going strong. Bank of Canada is mulling a dovish pivot to end its interest rate hike path. The Canadian Labor Force Survey, published by Statistics Canada, is

Share: The RBA Monetary Policy Statement released by the Reserve bank of Australia is out as follows: The RBA has revised up its forecasts for core inflation and wages growth and warned further increases in inetrest rates would be needed to head off a damaging wage-price spiral. Reuters reported that ”in a hawkish-sounding quarterly Statement on Monetary

Share: AUD/USD catches fresh bids on Thursday and rallies back closer to the weekly high. The uncertainty over the Fed’s rate-hike path weighs on the USD and offers support. The risk-on mood further undermines the buck and benefits the risk-sensitive Aussie. The AUD/USD pair regains positive traction on Thursday and maintains its strong bid tone

Share: Gold price fade the weekly rebound within a bearish chart pattern. Federal Reserve officials, United States Treasury Secretary highlight inflation concerns to defend higher rates and weigh on XAU/USD. Easing fears of US-China tension over the balloon shooting, light calendar probes XAU/USD traders. Gold price (XAU/USD) struggles to extend week-start recovery moves as it

Share: AUD/USD attracts some buyers for the second successive day, though lacks bullish conviction. Expectations for a less hawkish Fed, sliding US bond yields weigh on the USD and lend support. Looming recession risks and the cautious mood act as a headwind for the risk-sensitive Aussie. The AUD/USD pair adds to the previous day’s strong

Share: EUR/USD grinds near monthly low after posting a bullish candlestick on daily formation. Bullish moving average crossover, steady RSI adds strength to the upside bias. Three-month-old previous support line holds the key to Euro bull’s conviction. EUR/USD stays defensive near 1.0730 during inactive early trading hours of Wednesday, following a bounce off monthly low

Share: The Indian Rupee has had a reasonable start to the year, moving from about 82.70 to below 81.00 before drifting back up to around 82.00 currently. Economists at ING expect INR to remain steady. RBI done, or close “With inflation dropping back into the Reserve Bank of India’s target range, and below policy rates,

Share: “British central bank was prepared to do more to get inflation back to target,” said Bank of England (BoE) Chief Economist Huw Pill on Monday per Reuters. The news also states that the BoE suggested last week that interest rates were approaching their peak. Key comments I do have a high degree of confidence

Share: US Dollar maintains bid tone. Economists at Société Générale expect the USD Index (DXY) to extend the rebound and see potential to reach the January peak near 105.60. Defending 101.40 is essential for persistence in up move “The Dollar Index approached the earlier highlighted potential support zone near 100.60/100.00 representing peak of 2015. A

USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near 10-period EMA will present a bargain buy for the market participants. The USD/CHF

USD/CAD resumed its uptrend once it reclaimed the February 1 daily high at 1.3379. USD/CAD Price Analysis: A daily close above 1.3400 will exacerbate a rally to 1.3500. otherwise, further downside is expected. USD/CAD climbs in the North American session after hitting a daily low of 1.3311 before Wall Street opened. Nevertheless, a strong US

The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during  Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is

Strategists at Rabobank point out that the change in the Bank of England’s language favours the doves, they see scope for further rate rises. They continue to expect poor United Kingdom fundamentals to be a drag on the British Pound.   Key quotes: “The USD has found further traction on the back of the January

The ISM Service PMI released on Friday showed the index rose back above 50, into expansion territory. Analysts at Wells Fargo, point out that after just a single month under 50, the services ISM shot back up into expansion. However, they warn the breadth of services expansion has still slowed. Key quotes: “The slowdown in

The Dollar has essentially erased all the post-FOMC losses. But today’s Nonfarm Payrolls release in the US brings mostly downside risks for the Dollar, in the view of economists at ING. Downside risks from data today “With volatility abating after the key Fed and ECB announcements and some of those defensive trades being unwound, today’s

GBP/USD is expected to continue its downside journey to near 1.2200 as focus shifts to US NFP data. To tame double-digit inflation, the BOE pushed interest rates by 50 bps to 4%. Investors will keep an eye on US Average Hourly Earnings data for further guidance. The GBP/USD pair has shown a vertical sell-off to