The Pound Sterling drops as the UK GDP rose at a slower-than-expected pace, and factory activity contracted in November. Traders have raised BoE dovish bets for February’s policy meeting. Investors await the US weekly jobless claims and Retail … [Continue reading]
NZD/USD: Only above 0.5650 a move to 0.5695 is likely – UOB Group
New Zealand Dollar (NZD) is expected to trade in a sideways range of 0.5600/0.5650. In the longer run, NZD must break and remain above 0.5650 before a move to 0.5695 is likely, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. NZD is … [Continue reading]
Australian Dollar depreciates as US Dollar holds ground ahead of Retail Sales
The Australian Dollar depreciates as the Unemployment Rate rises to 4.0% in December. Australia’s Employment increased by 56.3K in December, up from 28.2K in November. US Retail Sales could increase by 0.6% month-over-month in December, … [Continue reading]
Breaking: Australia’s Unemployment Rate increases to 4.0% in December vs. 4.0% expected
Australia’s Unemployment Rate rose to 4.0% in December from 3.9% in November, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus of … [Continue reading]
Gold rises as US yields tumble in aftermath of US CPI release
Gold extends gains as US core inflation was better than expected, sparking a drop in Treasury yields. Traders now anticipate the Fed might cut rates by 40 basis points by the end of 2025, adjusting market expectations. Potential tariffs by the … [Continue reading]
US Dollar off the lows with dust settling over CPI releases
The US Dollar faces a near 1% loss for this week thus far. The December CPI release came in a touch softer as projected, triggering a surge in Risk On sentiment. The US Dollar Index (DXY) snaped below 109.00 and is looking for … [Continue reading]
EUR/USD clings to gains ahead of US inflation
EUR/USD locks in key resistance of 1.0300 after recovering from over a two-year low of 1.0175, with the US CPI data for December in focus. The US Dollar faces pressures after softer-than-expected US PPI data for December. ECB’s Holzmann expects the … [Continue reading]
Japanese Yen bulls regain control on BoJ Governor Ueda’s hawkish remarks, intervention fears
The Japanese Yen attracts fresh buyers in reaction to BoJ Governor Ueda's hawkish remarks. Intervention fears also underpin the JPY and weigh on USD/JPY amid subdued USD demand. The risk-on mood and the recent widening of the US-Japan … [Continue reading]
South Korea Trade Balance unchanged at $6.49B 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]
NZD/USD Price Analysis: mild bounce overshadowed by multi-year lows
NZD/USD edges up 0.11% on Tuesday, hovering near 0.5600 after a brief recovery attempt. MACD histogram shows decreasing green bars, pointing to limited follow-through despite the rebound. The NZD/USD pair gained modestly on Tuesday, inching up to … [Continue reading]