FX

USD/JPY is aiming to kiss the 150.00 despite the upbeat market mood. The odds for BOJ’s intervention are getting air as the USD/JPY is advancing despite the vulnerable DXY. Japan’s exports would accelerate amid overall weakness in the Japanese yen. The USD/JPY pair is hovering around the immediate hurdle of 149.00 in the Tokyo session.

Turnaround Thursday followed by falls on Friday as the roller coaster ride continues on SPY stock. Earnings season is now in full swing with Tesla and Netflix this week. Bond yields and oil move lower, so can this S&P 500 rally still be on the cards? The stock market continues to try and work out its direction

US Dollar Index takes offers to renew intraday low, snaps two-week uptrend. Headlines from the UK, light calendar allows DXY bulls to take a breather. Fed’s 75 bps rate hike appears certain as policymakers, data favor the hawkish move. Risk catalysts may entertain traders, suggesting a pullback amid a sluggish start to the week. US

GBP/JPY erases some of its gains, set to finish the week with more than 3% gains. GBP/JPY traders mainly ignored UK’s political turmoil. The cross-currency is range-bound, as depicted by the one-hour chart. The GBP/JPY trims some of its Thursday’s losses but remains nearby weekly highs at around the 166.00 area, despite UK’s political turmoil,

AUD/USD finished the week with substantial losses of 2.61%. On Friday, the AUD/USD seesawed on a 200-pip range, notably reaching a weekly close below 0.6200. AUD/USD Price Forecast: To tumble to 0.6100 if sellers clear the YTD low; otherwise, a move towards 0.6300 is on the cards. On Friday, the Australian dollar finished the week

Data released on Friday showed retail sales remained unchanged in September compared to August. Stripping volatile retail segments suggests some modest upward risk to third-quarter goods spending, explain analysts at Wells Fargo. They point out that the report adds to recent evidence that consumer staying power may be waning, but it’s showing few signs of

The US dollar appreciates again on Friday and approaches 1.3800. A mixed US Retail Sales report has been overlooked. USD/CAD seen appreciating beyond 1.4000 – TDS. The US dollar firmed up on Friday to retrace most of the previous day’s losses. The pair has reached a session high at 1.3875, after bouncing near 1.3700 earlier

EUR/USD fades part of the post-CPI sharp upside on Friday. Next on the downside now comes the weekly low near 0.9630. EUR/USD gives aways most of its recent advance to the area just above the 0.9800 mark at the end of the week. The continuation of the pullback appears on the cards and carries the

AUD/USD has found a bid on the back of a sell-off in the US dollar.  Bulls eye a breakout of 0.6330 recent peak formation highs. The price has formed a peak formation in the aftermath of the US inflation data which leaves the focus on the upside for the day ahead and on the US Retail

Senior Economist at UOB Group Alvin Liew reviews the latest release of US Nonfarm Payrolls for the month of September. Key Takeaways “The US NFP again exceeded expectations, adding 263,000 jobs in Sep while the unemployment rate unexpectedly eased to 3.5% (from 3.7% in Aug) as labor force participation dipped while the unemployed numbers fell

WTI is under pressure leading up to the key event of the week in US CPI. Energy supply risks are rising in OPEC’s influential Monthly Oil Market Report. West Texas Intermediate (WTI) has been on the back foot on Wednesday, losing over 1.8% on the day into the close on Wall Street. OPEC lowered its demand expectations

A combination of factors prompts some selling around USD/CAD on Wednesday. Rebounding oil prices underpin the loonie and exert pressure amid a softer USD. The downside seems limited as traders look to FOMC minutes for fresh impetus. The USD/CAD pair attracts some selling near the 1.3830 area on Wednesday and retreats further from its highest

What you need to take care of on Wednesday, October 12: The US Dollar is strong at the end of Tuesday and after an intraday knee-jerk that kept it in the red for most of the American session. The Bank of England (BOE) introduced additional measures to improve financial market conditions. The central bank will

EUR/USD attempts a mild recovery just above the 0.9700 barrier. If bears push harder, the pair could see the 2022 low retested. EUR/USD finally sees some respite to the persistent decline and rebounds from lows near 0.9670 on Tuesday. Despite the bounce, further losses remain well in the pipeline for the time being. That said,

EUR/JPY bulls could be nearing capitulation within the recent soft correction.  Bears are targeting a blow-off to test below 141.00. EUR/JPY, as the following analysis will illustrate, could be on the verge of a significant move to the downside. The price has been in a broad bearish trend since the start of the month and there

USD/CAD struggles to gain any meaningful traction, though the downside remains cushioned. Retreating oil prices undermines the loonie offering some support amid sustained USD buying. Holiday-thinned liquidity might hold back bulls from placing aggressive bets around the major. The USD/CAD pair fails to capitalize on its modest intraday uptick and retreats a few pips from a

AUD/USD bulls eye the channel top near 0.6450 on a break of the 38.2% Fibonacci and 50% mean reversion area near 0.6380/0.6400.  AUD/USD bears are moving the price towards the edge of the abyss and 0.6350.  AUD/USD has opened at support but hangs over the edge of the abyss at 0.6350 which guards the risk

EUR/USD fell sharply with the initial reaction to US jobs report. Nonfarm Payrolls in the US rose by 263K in September. The pair remains on track to end the week little changed. EUR/USD managed to erase a large portion of its daily losses but lost its recovery momentum before reaching 0.9800. As of writing, the