December’s US PCE rates and GDP advance rate for Q425 in focus
The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
Fed’s January meeting minutes in focus
The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
Markets restart their engines
The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
AI market worries linger on
The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
Markets preparing for the January US CPI rates
The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
EUR/USD gathers strength above 1.1900 ahead of US January NFP data
The EUR/USD pair gains traction to near 1.1915 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
AUD/USD Price Forecast: Climbs beyond 0.7100, fresh three-year peak before US NFP
The AUD/USD pair catches fresh bids following the previous day’s modest slide and climbs to a fresh high since February 2023, beyond the 0.7100 mark during the Asian session on Wednesday.
AUD/JPY Price Forecast: Constructive outlook remains intact above 109.00
The AUD/JPY cross loses ground around 109.15 during the early European session on Wednesday. Foreign inflows into Japanese equities following Prime Minister Sanae Takaichi’s landslide election victory increase demand for the Japanese Yen (JPY) against the Australian Dollar (AUD).
USD/CHF depreciates to near 0.7650 ahead of Nonfarm Payrolls
USD/CHF depreciates after registering modest gains in the previous session, trading around 0.7660 during the Asian hours on Wednesday.
GBP: Interest rate outlook uncertain – Commerzbank
Commerzbank’s Michael Pfister analyzes the Bank of England’s current stance on interest rates, highlighting the potential for surprises despite no expected changes at the upcoming meeting.
WTI declines to near $63.50 as US-Iran talks ease supply fears
West Texas Intermediate (WTI) Oil price declines after two days of gains, trading around $63.50 per barrel during the Asian hours on Thursday.
AUD/JPY retraces to near 109.00 as Yen rebounds, outlook remains upbeat
The AUD/JPY pair is down to 0.4% to near 109.20 during the early European trading session on Thursday. The cross retraces from its lifetime high of 110.1 posted on Wednesday as the Japanese Yen (JPY) gains temporary ground after a three-day fall.
EUR/USD: Consolidation likely ahead – UOB
According to UOB’s report, authored by Quek Ser Leang and Lee Sue Ann, the Euro is expected to continue consolidating, likely between the 1.1775 and 1.1830 levels. The report notes that the previous expectations for consolidation were met, although within a narrower range than anticipated.
USD/CAD Price Forecast: Faces selling pressure above 50% Fibo retracement at 1.3900
The USD/CAD pair trades flat around 1.3885 during the European trading session on Wednesday. The Loonie pair consolidates ahead of the United States (US) Producer Price Index (PPI) data for October and November, and the Retail Sales data for November.
USD/JPY slips after hitting July 2024 highs – BBH
USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.
Pound Sterling gains ahead of key UK GDP data
The Pound Sterling (GBP) gains against its major peers, except antipodeans, on Wednesday. The British currency trades higher ahead of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data, which will be released on Thursday.
Gold’s Weekly Update: Bulls push gold’s price to new All Time Highs
The upward movement of gold’s price before the season’s holidays, when our last report was published, was abruptly interrupted before the end of the year. Yet the bullish tendencies for gold’s price are again present and despite lots happening on a fundamental level, we have issues which are new. In today’s report we are to […]
PBOC sets USD/CNY reference rate at 7.0108 vs. 7.0128 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0108 compared to Friday’s fix of 7.0128 and 6.9849 Reuters estimate.
GBP/USD rebounds from three-week low, eyes mid-1.3400s as Fed concerns weigh on USD
The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday.
US federal prosecutors open inquiry into Fed Chair Powell
Federal prosecutors have opened a criminal investigation into Federal Reserve (Fed) Chair Jerome Powell regarding the central bank’s renovation of its Washington headquarters and whether Powell lied to Congress about the project’s scope, the New York Times reported on Sunday.