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]
AUDUSD Forecast: Holding on to gains above 0.6500
AUDUSD Current Price: 0.6510 Australian NAB’s Business Confidence unexpectedly contracted to 0 in October. Tensions mount amid US midterm elections, upcoming US inflation figures. AUDUSD retreats from a fresh monthly high holds above the 0.6500 … [Continue reading]
EURUSD Price Analysis: Immediately to the upside comes the 100-day SMA
EURUSD sees its recent strong upside temporarily trimmed on Tuesday. Gains could accelerate beyond the 100-day SMA at 1.0040. EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA. If the … [Continue reading]
Market reaction to US midterm elections should be quite muted – Danske Bank
Today, the focus is on the US midterm elections. Economists at Danske Bank do not expect the election result to be a major market mover in the near-term. US midterm elections today “Republicans are favoured to win control of both House and Senate, … [Continue reading]
USDJPY extends gains above 146.80 amid anxiety ahead of US mid-term elections outcome
USDJPY climbs above 146.80 as the traction is returning in the risk-off profile. US yields are advancing after hawkish commentary from Fed policymaker Barkin. Japanese administration is set to approve more stimulus and hike taxes for ultra-wealthy … [Continue reading]
EURGBP fails to capture 0.8700 ahead of Eurozone Retail Sales
EURGBP has sensed selling pressure while attempting a break above 0.8700. The ECB is expected to paddle up its policy tightening measures to bring the inflation rate to 2%. Eurozone Retail Sales data is seen at 1.3% vs. the prior release of … [Continue reading]
FTT price drops by 7.5% as FTX’s CEO attempts to reconcile with Binance head CZ
FTT price noted a major downtick in 24 hours as speculation surrounding the token intensified. Binance’s head CZ attacked the company on Sunday, claiming the exchange would liquidate all remaining FTT in its holdings. Sam Bankman Fried reassured … [Continue reading]