Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Euro extends recovery above 1.04 as focus shifts to Eurozone inflation data
The Euro bounces higher against the US Dollar for a third straight day in a row on Tuesday. A surprise uptick in German inflation and a bounce in the European Services PMIs are supporting the Euro. Meanwhile, markets are on edge over the … [Continue reading]
EUR/CAD Price Forecast: Maintains position below nine-day EMA near 1.4900
EUR/CAD may gain ground as the daily chart analysis suggests a mild bullish bias. The 14-day RSI maintains its position near the 50 mark, indicating neutral momentum. The pair tests initial resistance near the nine-day EMA at the 1.4895 level, … [Continue reading]
USD/CAD recovers some lost ground to near 1.4350 on Trump and Trudeau reports
USD/CAD rebounds to near 1.4345 in Tuesday’s early Asian session. Trump said the Washington Post story that he would pare back his tariff policy was wrong. Trudeau is expected to announce stepping down as party leader before the national … [Continue reading]
EUR/USD Price Forecast: Climbs but struggles at 1.0400
EUR/USD ascends over 0.78%, buoyed by potential US tariff implications and a weak Dollar environment. Technical analysis points to a buyer's market as EUR/USD crosses 1.0400, with eyes set on further resistance levels. Near-term support and … [Continue reading]
Gold price down on Monday with tariff saga unfolding in the US
Markets are facing knee jerk reactions after President-elect Trump pushes back on rumors around universal tariffs. Earlier this Monday headlines emerged that President-elect Donald Trump was possibly mulling to impose a universal tariff for critical … [Continue reading]
CAD: Trudeau reportedly about to resign – ING
A media report is suggesting the Canada’s prime minister Justin Trudeau will resign as leader of the Liberal Party this week. That would not necessarily lead to early elections, as a leadership contest would take place to select a new prime minister. … [Continue reading]
FX option expiries for Jan 6 NY cut
FX option expiries for Jan 6 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0275 735m 1.0300 1.9b 1.0350 966m 1.0400 820m GBP/USD: GBP amounts 1.2500 755m USD/JPY: USD … [Continue reading]
NZD/USD gathers strength above 0.5600 as Chinese Services PMI rises to seven-month high
NZD/USD gains traction to around 0.5620 in Monday’s Asian session. China's Caixin Services PMI rose to 52.2 vs. 51.5 prior, stronger than expected. The hawkish remarks from the Fed could underpin the USD and create a headwind for the … [Continue reading]
South Korea FX Reserves rose from previous 415.39B to 415.6B in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]