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]
EUR/USD Price Forecast: Some near-term consolidation could be on the cards
EUR/USD resumed its recovery and retested the 1.0300 region once again. The US Dollar traded poorly amid another decline in US yields. Market participants now look at EMU inflation and more US data. The Euro (EUR) continued its recovery against the … [Continue reading]
Pound Sterling slides as UK GDP misses estimates, factory activity contracts
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]