The US Dollar (USD) held firm on Friday after the release of top-tier data, but the US Dollar Index (DXY) posted an acceptable weekly gain of almost 1%. The December Core Personal Consumption Expenditures (PCE) rose by 3% YoY, above market forecasts, … [Continue reading]
USD/INR: Upside risks from outflows and AI concerns – MUFG
MUFG’s Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee note that India’s fourth‑quarter GDP is expected to slow on weaker exports, though domestic demand remains resilient. From an FX angle, they see the Rupee pressured by capital outflows and … [Continue reading]
GBP: Strong UK data but BoE cut seen – TD Securities
TD Securities analysts note a sharp 1.8% monthly jump in UK Retail Sales and stronger-than-expected PMIs, with gains driven by broad-based demand and higher export orders. Despite better data and improved fiscal numbers, Analysts believe the MPC … [Continue reading]
United Kingdom S&P Global Services PMI came in at 53.9, above expectations (53.6) in February
Thursday’s scorecard shows major US Stock benchmarks closed modestly in the red amid mounting US-Iran tensions and AI disruption worries. The S&P 500 shed 19 points (0.3%) to 6,861, the Nasdaq 100 lost 101 points (0.4%) to 24,797, and the … [Continue reading]
India HSBC Services PMI down to 58.4 in February from previous 58.5
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and … [Continue reading]
US President Donald Trump says Iran has 10 days to agree to a deal or ‘bad things happen’
US President Donald Trump said that Iran must make a deal, or “bad things will happen," with the threat of military strikes still hanging heavy over delicate nuclear negotiations, BBC reported on Thursday.Iran told UN Secretary-General Antonio … [Continue reading]
Forex Today: US Dollar near four-week high ahead of core PCE, GDP and PMI data
Here is what you need to know on Friday, February 20:The number of United States (US) citizens submitting new unemployment insurance applications decreased to 206K, much lower than initial estimates of 225K, and down from the previous week’s revised … [Continue reading]
United States EIA Natural Gas Storage Change came in at -144B, above forecasts (-146B) in February 13
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and … [Continue reading]
AUD/USD Price Forecast: Advancing 20-day EMA backs more upside
The AUD/USD pair trades 0.27% higher to near 0.7065 during the European trading session on Thursday. The Aussie pair gains as the Australian Dollar (AUD) outperforms, following the release of the labor market data for January.Earlier in the day, the … [Continue reading]
USD/CAD: Triangle consolidation caps upside – Scotiabank
Scotiabank Scotiabank analysts Shaun Osborne and Eric Theoret note the Canadian Dollar is slightly weaker but holding above 1.37, with USDCAD tracking broader Dollar moves. Their fair value estimate has edged up to 1.3625, reflecting less favourable … [Continue reading]