FX

The US dollar plunges 2.5% on Friday to hit six-week lows at 1.3470. A mixed NFP report sends the greenback tumbling. USDCAD is testing the neckline of a potential H&S formation. The US dollar is about to close its worst daily performance in some months with a nearly 1.8% sell-off. The pair has extended its reversal

The dollar dives 0.9% on the day and hits one-month lows at 146.55. US payrolls increase, but unemployment rises, and salaries slow down. USDJPY: More likely to peak at 155 than at 160 – MUFG. The US dollar is trying to return above 147.00 in the US afternoon trading session, to trim losses after having lost

German Factory Orders plunged 4.0% MoM in September vs. -0.5% expected. German Factory output slumped 10.8% YoY in September vs. -8.8% expected. EUR/USD keeps its range near 0.9780 despite awful German data. The German Factory Orders missed expectations for the third straight month in September, suggesting that the manufacturing sector activity is deep in murky

Former President Donald Trump is considering launching a third bid for the White House this month. This could be a significant feature in financial markets considering, for one, Trump’s stance on China and his general protectionist playbook that roiled markets during his previous term that ended on January 6, 2021. One source familiar with Trump’s plans said he

Analysts at Societe Generale provide a sneak peek at what they expect from the Bank of England’s (BoE) ‘Super Thursday’. Also read: BoE Interest Rate Decision Preview: A close call between 50 bps and 75 bps, GBP/USD set to suffer Key quotes “We maintain our forecast of a 75 bps hike on the way to

Jerome Powell, Chairman of the Federal Reserve System, will be delivering his remarks on the monetary policy outlook at a press conference following the meeting of the Board of Governors. Powell’s speech will start at 18:30 GMT. Follow our live coverage of the Fed’s policy announcements and the market reaction. [embedded content] About Jerome Powell

USD/INR struggles for a clear directions despite pushing back bears. RBI’s likely inaction jostles with Fed’s 75 bps dovish hike to challenge traders, Reuters’ poll signals more pain for INR. Cautious optimism, sluggish yields test upside momentum ahead of FOMC. USD/INR remains sidelined around 82.70, mostly unchanged on the day, even as bulls try to

The dollar pares losses and returns above 148.00. A set of positive US data refutes the theory of Fed easing. USD/JPY: Consolidating between 145.50 and 146.90 – UOB. The greenback surged from session lows at 147.00 to pare losses from the Asian and European sessions and return to levels above 148.00. The release of a set

GBP/USD is eying more upside above 1.1517 as the market mood has turned cheerful. The DXY has refreshed the day’s low at 111.28 despite soaring hawkish Fed bets. A collective effort of tight monetary policy and fiscal will weigh on price growth in the UK. The GBP/USD pair is aiming to extend its recovery above

NZD/USD seesaws around 0.5800 amidst overall US Dollar strength. A mixed sentiment keeps some high-beta currencies trending higher, though capped by a buoyant greenback. The US 3-month/10-year yield curve is inverted, exacerbating recession fears. The NZD/USD slightly advanced during the mid-North American session, despite overall US Dollar strength, though the New Zealand dollar, after reaching

USD/INR remains mildly bid while paring the previous weekly losses. Downbeat China data, risk-off mood propel prices even as WTI crude oil drops. Hopes of RBI’s inaction join hawkish Fed bets to keep buyers hopeful. USD/INR picks up bids to consolidate the previous week’s losses around 82.40 during early Monday in Europe. In doing so,

The pound bounces up on Friday to retest the 1.5800 support area. Lower oil prices and a dovish BoC have hit the CAD. GBP/CAD: Above 1.5800, the pair eyes 1.6000 area. The British pound has performed a surprising comeback against the Canadian dollar on Friday, bouncing up from the 1.5655 area to reverse Thursday’s decline and

GBP/JPY registered solid gains during the week of 2.72%. The Bank of Japan interventions gave GBP/JPY buyers a better entry price around the weekly lows of 165.43. The GBP/JPY remains upward biased, about to test the February 2016 high at 175.01. The GBP/JPY rallies to fresh six-year highs above the 170.00 threshold as the Japanese

The US Dollar got bolstered by US core PCE but weakened towards the close of Wall Street. GDP in France and Spain weakened, while inflation in Germany continued its uptrend, above 10%. EURUSD is neutral-to-downward biased, though slightly tilted to the upside, facing strong resistance at the 100-DMA. The EURUSD finished Friday’s session almost flat

The pressure on long yields is set to ease as central bank rates and inflation approach a turning point, explained analysts at Danske Bank. They expect markets to increasingly price inflation to come under control, amid a deteriorating growth outlook. Therefore they continue to see yields peaking in 2022 (if they don’t have already in

The US dollar stalls around 147.50 after rallying from session lows near 146.00. The pair appreciates 0.8% on the day following a two-day reversal. US macroeconomic data has left the USD looking for direction.  The sharp greenback rally witnessed during Friday’s Asian and early European trading sessions, has lost steam after hitting 147.85. The pair, however,

USD/CAD takes offers to reverse the previous day’s bounce off monthly low. RSI, MACD suggests further downside past immediate horizontal support. 50-DMA, two-month-old ascending trend line lures bears, fortnight-long resistance line, 21-DMA test buyers. USD/CAD appears all-set to print a two-week downtrend as sellers approach a short-term key horizontal support during early Friday morning in

Bank of Canada delivered a rate hike below expectations on Wednesday. Loonie resurges after yesterday’s slide. USD/CAD testing critical support around 1.3500. The USD/CAD dropped more than a hundred pips from the daily high at 1.3625 and currently is testing the critical support area around 1.3500. The loonie is among the top performers on Thursday.