The Committee decided to maintain the target range for the Fed funds rate at 4.25-4.50% at the January meeting; the decision was unanimous, OCBC's FX Frances Cheung and Christopher Wong analysts note. Current monetary policy is 'meaningfully above … [Continue reading]
Japanese Yen drifts lower against USD; bullish bias remains amid hawkish BoJ expectations
The Japanese Yen drifts lower against its American counterpart during the Asian session. BoJ rate hike bets, geopolitical risk, and trade war fears could underpin the safe-haven JPY. Subdued USD price action might contribute to capping USD/JPY ahead … [Continue reading]
Australia Private Sector Credit (YoY): 6.5% (December) vs 6.2%
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]
Dow Jones Industrial Average makes a late break on Thursday
The Dow Jones Industrial Average rose 300 points late on Thursday. Equities are tepid as markets digest recent developments and mixed earnings. US data split on Thursday, with better unemployment claims but lagging GDP growth. The Dow Jones … [Continue reading]
US Dollar slips after US GDP falls to meet expectations
The US Dollar softer after US GDP turns softer. Markets see the inflation component under GDP release not moving. The US Dollar Index (DXY) remain disp below 108.00 and is looking for direction. The US Dollar Index (DXY), which tracks … [Continue reading]
Pound Sterling ranges against USD ahead of US Q4 GDP, PCE inflation
The Pound Sterling trades sideways against the US Dollar on Thursday as investors focus on the US Q4 GDP data. US President Trump vows to lower inflation himself through liberalization and ramping up Oil production. The BoE is expected to cut … [Continue reading]
USD/INR edges lower as traders await US GDP data
The Indian Rupee strengthens in Thursday’s early European session. Likely RBI intervention might help limit the INR’s losses. The advanced US Q4 GDP report is due later on Thursday. The Indian Rupee (INR) recovers some lost ground on Thursday … [Continue reading]
USD/CAD Price Forecast: Holds position above 1.4400 support near nine-day EMA
USD/CAD could appreciate to challenge 1.4518, its highest level since March 2020. The short-term price momentum is stronger as the pair remains above the nine- and 14-day EMAs. The immediate support is found at a psychological level of 1.4400, … [Continue reading]
Gold prices wobble as Fed maintains hawkish stance on policy
Gold prices show modest reaction to Fed's rate hold, hinting at future rate hike pauses. Fed Chair Powell adopts patient stance on policy, influenced by changing fiscal and trade environments. Investors focus on Powell's insights for future Fed … [Continue reading]
Canadian Dollar recedes after BoC cuts rates and ends QT
The Canadian Dollar lost 0.25% against the Greenback on Wednesday. The Bank of Canada cut interest rates by another 25 bps, to 3%. The BoC also announced the end of its quantitative tightening program. The Canadian Dollar shed one-quarter of one … [Continue reading]