Japanese yen soars after US CPI numbers on expectations of a less aggressive Fed. US Dollar tumbles, USDJPY is down more than 400 pips. EURJPY testing critical support area 144.00. The EURJPY cross is having the biggest daily decline in … [Continue reading]
EURJPY Price Analysis: Corrective decline could extend to 144.00
EURJPY extends the weekly leg lower for the third session in a row. Immediately to the downside now comes the 144.00 region. EURJPY clinches the third straight day with losses and breaks below the key 146.00 support on Thursday. The cross seems to … [Continue reading]
FX option expiries for Nov 10 NY cut
FX option expiries for Nov 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 0.9800 1.25b 0.9815-25 711m 0.9850 310m 0.9860-70 1.4b 0.9900 1.33b 0.9925-35 … [Continue reading]
EURUSD flirts with parity as ECB Bulletin, US inflation data loom
EURUSD struggles after reversing from two-month high, retreats of late. Mixed headlines surrounding key risk catalysts, mostly dovish Fedspeak keep buyers hopeful. US inflation expectations drop but those from Eurozone stay firmer of late. Bulls can … [Continue reading]
EURUSD rebound from parity, risk-off impulse still solid ahead of US CPI
EURUSD has found an immediate cushion around 1.0000 ahead of the US CPI. US equities witnessed a massive sell-off amid anxiety ahead of US mid-term elections. Eurozone CPI is still seen at 3% in three years and 5.1% in the next 12 months. The … [Continue reading]
USDCAD climbs towards the head-and-shoulders neckline, though hovers around 1.3470
USDCAD rose by 0.35% as buyers are eyeing to reclaim the 50-day EMA at 1.3515. Risk aversion kept CAD buyers from extending the USDCAD losses towards the head-and-shoulders chart pattern 1.3030 targets. Canadian and US jobs data suggests that the BoC … [Continue reading]
NZDUSD remains depressed near daily low amid modest USD strength, softer risk tone
NZDUSD meets with heavy supply on Wednesday amid a modest USD recovery. Elevated US bond yields and a softer risk tone revive demand for the greenback. Traders now look to Fedspeaks for some impetus ahead of the US CPI on Thursday. The NZDUSD pair … [Continue reading]
Phase of stronger equities linked to the midterms could hurt the USD – Credit Suisse
US politics becomes a live issue again due to yesterday’s midterm elections. Republicans are on track to achieve a majority in the House of Representatives while Democrats could lose the Senate too. In that case, equities could rise, hurting the US … [Continue reading]
US Midterm Election Update: Republicans leading in tight contests
Republicans need a net gain of just one seat in the 2022 midterm election in the United States to win the Senate, as the Bellwether States see a very close call. In the race for a US Senate seat in Iowa, Republican incumbent Grassley … [Continue reading]
Japan Bank Lending (YoY) came in at 2.7%, above expectations (2.5%) in October
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]