The US Dollar navigated without a clear direction in a context dominated by the resurgence of Russia-Ukraine geopolitical concerns and the subsequent search for safe havens. Here is what you need to know on Wednesday, November 20: The US Dollar Index … [Continue reading]
EUR/JPY Price Analysis: Buyers intervene, lifting pair above 163.00, still holds losses
EUR/JPY declined by 0.47% to 163.10 in Tuesday's session. Price rallied above 163.00 after buyers stepped in following a decline to 161.50, but indicators remain deeply negative. The pair might continue shedding ground as long as it remains below the … [Continue reading]
Bailey speech: Gradual approach to removing policy restraint will help observe risks to inflation outlook
Bank of England (BoE) Governor Andrew Bailey testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday. Key quotes Services inflation is still above a level that's compatible … [Continue reading]
Japanese Yen struggles to lure buyers; USD/JPY climbs back closer to mid-154.00s
The Japanese Yen fails to capitalize on its modest intraday gains amid BoJ rate hike uncertainty. Reduced bets for aggressive Fed rate cuts revive the USD demand and lend support to USD/JPY. Intervention fears and geopolitical risks could help … [Continue reading]
Japan’s Kato: Closely watching FX moves with the utmost sense of urgency
Japan’s Finance Minister Katsunobu Kato on Tuesday that he is “closely watching FX moves with the utmost sense of urgency.” Additional quotes Important for currencies to move in a stable manner reflecting fundamentals. Will continue to take … [Continue reading]
Gold surges above $2,600 amid soft USD, escalating geopolitical tensions
Gold prices rally over 1.80%, boosted by geopolitical developments and a dip in the US Dollar Index to 106.27. Recent US support for Ukraine escalates tensions, influencing safe-haven assets and impacting the Greenback. Traders adjust Fed rate cut … [Continue reading]
Colombia Gross Domestic Product (YoY) fell from previous 2.1% to 2% in 3Q
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]
EUR/USD finds temporary support, downside bias remains intact
EUR/USD consolidates above 1.0500 as investors look for fresh cues for Fed-ECB likely interest rate action in December. Fed’s Powell emphasized that there is no need to rush for rate cuts. Fears of a US-Eurozone trade war have escalated among … [Continue reading]
USD/CAD Price Forecast: Bulls turn cautious amid slightly overbought RSI
USD/CAD is seen consolidating its recent strong move up to the highest level since May 2020. An uptick in Oil prices underpins the Loonie and caps the pair amid a modest USD weakness. The fundamental backdrop supports prospects for a further … [Continue reading]
Australian Dollar continues to recover despite an improved US Dollar
The Australian Dollar recovers its recent losses due to the hawkish RBA. Australia's 10-year government bond yield eased to near 4.66%, pulling back from a one-year high. The US Dollar may appreciate following hawkish comments from Fed officials. … [Continue reading]