Share: Gold treads water with the market on a wait-and-see stance ahead of the NFP report. The near-term trend remains intact, fuelled by heightened speculation that Fed hikes are over. The Dollar is drawing some support from a mild recovery in US … [Continue reading]
Japanese Yen retreats to the lower end of its daily range against USD, looks to US NFP
Share: The Japanese Yen surged to a four-month top against the USD after BoJ Governor Ueda’s comments on Thursday. Rebounding US bond yields push the USD higher and assist USD/JPY to find support near the mid-142.00s on Friday. The divergent … [Continue reading]
Japanese Yen remains on front foot amid hopes of a BoJ pivot, despite weaker GDP print
Share: The Japanese Yen surged to a four-month top against the USD after BoJ Governor Ueda’s comments on Thursday. The JPY bulls largely shrugged off data showing that Japan’s economy contracted more than initially estimated in Q3. Fed rate cut … [Continue reading]
EUR/GBP strung along the middle just above 0.8550, Eurozone GDP miss keeps Euro pinned
Share: The EUR/GBP has drawn tight as both currencies mix on Thursday. The Euro remains steeply off of recent highs against the Pound Sterling. EUR lacking momentum after a miss on Eurozone GDP. The EUR/GBP has been trading in a tight range … [Continue reading]
Mexican Peso tumbles sharply, breaks key support level against the US Dollar
Share: Mexican Peso reverses its course and registers losses as the USD/MXN hovers near the 100-day Simple Moving Average (SMA). Mexico's inflation ticked up in November, which could prevent Banxico from easing policy as soon as they projected. US … [Continue reading]
Natural Gas braces for more downside as markets are swamped with cheap gas
Share: Natural Gas faces downside as demand remains subdued while supply builds bigger by the day. Natural Gas prices could sinks to $2. The US Dollar snaps its three-day-winning streak after BoJ surprise comments. Natural Gas (XNG/USD) is … [Continue reading]
China Foreign Exchange Reserves (MoM) above forecasts ($3.124T) in November: Actual ($3.172T)
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]
AUD/USD keeps the red near two-week low, around 0.6535-30 area after Chinese trade data
Share: AUD/USD remains under some selling pressure for the fourth successive day on Thursday. China’s economic woes and RBA rate cut bets weigh on the Aussie amid the recent USD rally. Dovish Fed expectations might cap any further USD gains and … [Continue reading]
AUD/NZD tests 1.0660 as Aussie tumbles across the board
Share: The AUD/NZD is down 0.8% on the week as the Aussie backslides. The Aussie sees six-week lows against the Kiwi. The next target for sellers will be 1.0600. The AUD/NZD is down five-tenths of a percent from Monday’s opening bids near 1.0875, … [Continue reading]
Mexican Peso advances against the US Dollar ahead of Mexico’s inflation report
Share: Mexican Peso stages a comeback as the USD/MXN breaks key support at the 100-day SMA, eyeing 17.00. Mexico’s Consumer Confidence has improved the most since 2019. US ADP Employment Change was softer than expected, weighed on the US Dollar. … [Continue reading]