NZD/USD fell at the end of the weekresting around 0.5590 after struggling to sustain previous gains. RSI plunges to 40 in negative territory, pointing to weakening momentum as sellers regain confidence. MACD histogram shows rising green bars, hinting … [Continue reading]
USD/JPY rallies on technical bounce on Friday
USD/JPY rebounded 0.6% on Friday as the Greenback stiffens. The pair gave a tidy technical bounce from a key moving average. Markets are broadly pivoting back into Fed rate cut hopes. USD/JPY rallied on Friday, gaining six-tenths of one percent and … [Continue reading]
Gold price stumbles as US Dollar rises ahead of the weekend
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller's dovish comments suggest potential for … [Continue reading]
United States Total Net TIC Flows dipped from previous $203.6B to $159.9B in November
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]
United States Net Long-Term TIC Flows below expectations ($159.9B) in November: Actual ($79B)
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]
Forecasting the upcoming week: All the attention shifts to US Inauguration Day
The Greenback halted a multi-week positive streak, prompting the US Dollar Index (DXY) to come under pressure shortly after hitting fresh cycle peaks north of the 110.00 barrier on January 13. In the meantime, the Dollar’s price action swung between … [Continue reading]
US Dollar stabilizes after Fed Waller alludes to March rate cut
The US Dollar consolidates further at current levels on Friday. Markets are left clueless after Fed’s Waller comments a March rate cut is still in the cards. The US Dollar Index (DXY) holds around 109.00 and is looking for … [Continue reading]
Pound Sterling tumbles as UK Retail Sales surprisingly declines in December
The Pound Sterling underperforms its major peers as weak UK Retail Sales data strengthens the case for a BoE interest rate cut in February. UK monthly Retail Sales contracted by 0.3% in December despite being expected to grow strongly by … [Continue reading]
China’s NBS: Domestic demand is insufficient
Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday. Key quotes … [Continue reading]
USD/CAD holds below 1.4400 on weaker US Dollar, lower US yields
USD/CAD trades with a mild negative bias near 1.4395 in Friday’s early Asian session. US Retail Sales rose less than expected in December 2024. BoC expects to end quantitative tightening in the first half of 2025. The USD/CAD pair trades … [Continue reading]