FX

US dollar bears are moving in at the start of the week.  The bulls will seek a break of the M-formation’s tops with the Fed eyed. The US dollar will be a major focus in markets this week in the countdown to the Federal Reserve. The greenback attempted a breakout to the upside but failed to pick

GBP/JPY is set to finish the week with decent losses of 1.28%. From a daily chart perspective, the cross-currency GBP/JPY shifted to neutral biased. Short term, the GBP/JPY is about to hit 162.30. the head-and-shoulders target. The GBP/JPY drops for the four consecutive trading session, down by 0.86% on Friday, after Wall Street finished the

GBP/USD recovers some ground after hitting 1985’s lows, ahead of next week’s BoE/Fed decisions The British pound trims its earlier losses against the greenback after hitting a 37-year low around 1.1350, and recovers the 1.1400 thresholds after registering weaker-than-estimated retail sales, fueled speculations of the UK’s tapping into a recession. At the time of writing,

Silver price is erasing Thursday’s losses up by almost 2% on Friday. September’s US economic data justifies the Fed’s 75 bps rate hike. The US Consumer Sentiment improved, showing US citizens resilience despite a worsening economic outlook. The silver price climbed as the Wall Street close looms, gaining 1.85% during the day, caused by a

Silver drifts lower for the second straight day and drops to a fresh weekly low. Break below 50 DMA and the $19.00 mark supports prospects for further losses. A breakout through a descending trend-line is needed to negate the negative bias. Silver remains under some selling pressure for the second straight day on Friday and

USD/CAD prints four-day uptrend to renew multi-day high, stays on the front foot of late. Oil prices dropped the most in a week amid demand fears, firmer US dollar. DXY cheers hawkish Fed bets, firmer US data and strong yields. Second-tier US/Canada data may entertain traders ahead of next week’s key FOMC. USD/CAD pierces 1.3250

US Monthly Retail Sales Overview Thursday’s US economic docket highlights the release of monthly Retail Sales figures for August, due later during the early North American session at 12:30 GMT. On a monthly basis, the headline sales are estimated to remain flat for the second straight month. Excluding autos, core retail sales probably rose a

AUD/NZD takes offers to refresh intraday low after strong NZ Q2 GDP. New Zealand’s Q2 GDP rose past market expectations and prior on QoQ. Mixed concerns surrounding China, RBA versus RBNZ game tests bulls. Australia’s employment data for August will be important for fresh impulse. AUD/NZD renews intraday low around 1.1220 on strong New Zealand

USD/JPY meets with a fresh supply and retreats sharply from the 145.00 neighbourhood. Jawboning by Japanese authorities points to an imminent intervention and boosts the JPY. The emergence of some selling around the USD also contributes to the intraday downfall. The USD/JPY pair faces rejection near the 145.00 psychological mark and retreats from the vicinity

NZD/USD remains depressed at the 29-month low after New Zealand data. New Zealand Current Account deficit increased more than expected in Q2. Bears printed the biggest daily slump in since March 2020 after US inflation data renewed recession woes. Thursday’s New Zealand GDP, US Retail Sales will be important for fresh impulse. NZD/USD holds lower

USD/CAD turns lower for the fourth straight day and is pressured by a combination of factors. Bullish oil prices underpin the loonie and act as a headwind amid sustained USD selling bias. The market focus remains glued to the release of the crucial US consumer inflation figures. The USD/CAD pair struggles to capitalize on its

AUD/USD buyers keep reins at a two-week high, up for the third consecutive day. Firmer sentiment, US dollar weakness and hopes from upcoming data favored buyers. RBA versus Fed divergence, absence of China seemed to have probed bulls. Australia’s NAB sentiment data, US CPI will be crucial ahead of Thursday’s Aussie jobs report. AUD/USD gains

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India’s largest private sector bank by assets and world’s 10th largest bank by market capitalization as of April 2021, the third largest company by market capitalization of $122.50 billion on the Indian stock exchanges. It is also the fifteenth

GBP/USD Weekly Forecast: Eyes 21 DMA on a technical rebound ahead of critical US, UK events GBP/USD put an end to its three-week losing streak and staged a strong comeback from roughly four-decade lows of 1.1405. The US dollar correction and economic stimulus measures unveiled by the new UK PM Liz Truss saved the day

“A steady path of rate hikes, predictable adjustments based on data could improve market functioning, facilitate balance sheet runoff,” Kansas City Fed President Esther George said on Friday, as reported by Reuters. Additional takeaways “For interest rate hikes, steadiness and purposefulness over speed.” “Case for continuing to remove policy accommodation is clear cut, but peak

Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward, as reported by Reuters. Key takeaways “I support another significant hike in two weeks.” “The pace of tightening is uncertain; it will depend on the data.” “Fears of a recession have faded;

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the latest results from the foreign portfolio inflows. Key Takeaways “Foreign buying interest returned to Malaysian capital markets in Aug, with the highest non-resident portfolio inflows since Aug 2021 at MYR7.6bn (Jul: -MYR3.4bn). The resumption of foreign purchases was seen across Malaysian debt

What you need to take care of on Friday, September 9: The greenback finished the day mixed across the FX board after a volatile day. The EUR/USD pair is little changed, just below parity after the European Central Bank hiked rates by 75 bps as expected. The ECB upwardly revised the inflation projections to an