The Australian Dollar receives support following the release of the Aussie labor figures on Thursday. Australia’s Employment Change increased by 64.1K in September, bringing the total employment to a record 14.52 million. Traders anticipate the US … [Continue reading]
Australian unemployment rate set to steady in September, hiring pace set to slow
The Australian Unemployment Rate is foreseen stable at 4.2% in September. Employment Change is expected at 25K, focus will be on the details. AUD/USD is technically bearish, so any data-inspired spike may attract sellers. The Australian Bureau … [Continue reading]
Mexican Peso slides on buoyant US Dollar, risk aversion
Mexican Peso weakened as US Dollar gains despite falling US yields. IMF downgrades Mexico's 2024 GDP growth outlook, citing capacity constraints and tight monetary policy. US import prices fell sharply in September, while Fed’s Bostic remains … [Continue reading]
EUR/USD Price Forecast: Corrective advance likely to attract more sellers
EUR/USD Current price: 1.0897 The poor performance of Asian and European indexes help the US Dollar. ECB President Christine Lagarde is due to speak during US trading hours. EUR/USD retains its bearish tone, a near-term upward correction possible. … [Continue reading]
Italy Consumer Price Index (YoY) in line with expectations (0.7%) in September
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]
Japanese Yen struggles to gain any meaningful traction, not out of the woods yet
The Japanese Yen attracts some haven flows, though it lacks bullish conviction. The BoJ rate-hike uncertainty and disappointing data cap the upside for the JPY. Smaller Fed rate cut bets underpin the USD and offer some support to USD/JPY. The … [Continue reading]
South Korea Unemployment Rate up to 2.5% in September from previous 2.4%
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]
Forex Today: Investors’ focus now shifts to UK inflation
A mildly positive session left the US Dollar trading around recent levels against the backdrop of diminishing yields worldwide, while market participants maintained their attention on messages from Fed’s officials regarding the bank’s likely rate … [Continue reading]
Oil prices under pressure due to demand concerns and declining supply risks – Commerzbank
Oil prices have fallen sharply since the beginning of the week, Commerzbank’s FX analyst Carsten Fritsch notes. Price of Brent oil slides below the $75 “The price of Brent oil slid below the $75 per barrel mark in the morning, after trading at just … [Continue reading]
NZD/USD: To face a sustained decline below 0.6050 – UOB Group
The New Zealand Dollar (NZD) is likely to consolidate in a range of 0.6070/0.6110. In the longer run, oversold weakness has not stabilised, but NZD must break clearly below 0.6050 before further sustained decline is likely, UOB Group’s FX analysts … [Continue reading]