Euro (EUR) could test 1.1580; a sustained drop below this level is unlikely. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang … [Continue reading]
UK CPI poised to edge higher as markets bet on a hawkish BoE
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly relevant Consumer Price Index (CPI) data for September on Wednesday at 06:00 GMT, with markets expecting an uptick in inflationary pressures.UK consumer inflation is … [Continue reading]
Japan Adjusted Merchandise Trade Balance down to ¥-314.3B in September from previous ¥-150.1B
Gold prices took a sharp U-turn on Tuesday, dropping back toward multi-day lows in the sub-$4,100 region per troy ounce. A stronger US Dollar, a wave of profit-taking, and fading effervescence over US–China trade developments all combined to pull the … [Continue reading]
FX Today: UK inflation data steal the show
The US Dollar (USD) managed to regain traction and clocked a marked bounce on turnaround Tuesday. The Greenback’s recovery came on the back of easing trade tensions and alleviated fears surrounding the US credit risk.Here’s what to watch on … [Continue reading]
GBP/USD slips as Dollar rebounds, traders await UK and US CPI data
GBP/USD tumbles during the North American session, down over 0.17% as the Greenback stages a recovery, hitting a three day high according to the US Dollar Index (DXY). at the time of writing, the pair trades at 1.3384 after reaching a high of … [Continue reading]
AUD/USD tumbles to near 0.6480 despite breakthrough in US-Australia bilateral trade
The AUD/USD pair is down over 0.5% to near 0.6480 during the European trading session on Tuesday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms a majority of its peers despite a breakthrough in bilateral … [Continue reading]
Gold sticks to modest intraday losses below all-time peak amid notable USD strength
Gold (XAU/USD) extends its intraday retracement slide from the vicinity of the all-time peak and slides below the $4,320 level heading into the European session on Tuesday, though it lacks follow-through selling. The US Dollar (USD) attracts buyers … [Continue reading]
Australian Dollar receives support from US-Australia critical minerals deal
The Australian Dollar (AUD) advances against the US Dollar (USD) on Tuesday, extending its gains for the third successive session. The AUD/USD pair appreciates as the AUD receives support from improved market sentiment amid progress on a United … [Continue reading]
New Zealand Trade Balance NZD (MoM): $-1355M (September) vs previous $-1185M
Fundamentals in the crypto market remain strong despite the recent correction, Standard Chartered’s global head of digital assets Research Geoffrey Kendrick says. Institutional adoption is still in its early stages and will continue to grow, bringing … [Continue reading]
Dow Jones Industrial Average rises on key tech rally stocks, government shutdown hopes
The Dow Jones Industrial Average (DJIA) caught a bullish tailwind on Monday, rising over 450 points to kick off the new trading week. Apple (AAPL) shares rose strongly, leading the charge into the high end as the tech rally gives fresh signs of life, … [Continue reading]