The US Dollar consolidates further at current levels on Friday. Markets are left clueless after Fed’s Waller comments a March rate cut is still in the cards. The US Dollar Index (DXY) holds around 109.00 and is looking for … [Continue reading]
Pound Sterling tumbles as UK Retail Sales surprisingly declines in December
The Pound Sterling underperforms its major peers as weak UK Retail Sales data strengthens the case for a BoE interest rate cut in February. UK monthly Retail Sales contracted by 0.3% in December despite being expected to grow strongly by … [Continue reading]
China’s NBS: Domestic demand is insufficient
Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday. Key quotes … [Continue reading]
USD/CAD holds below 1.4400 on weaker US Dollar, lower US yields
USD/CAD trades with a mild negative bias near 1.4395 in Friday’s early Asian session. US Retail Sales rose less than expected in December 2024. BoC expects to end quantitative tightening in the first half of 2025. The USD/CAD pair trades … [Continue reading]
EUR/USD Price Forecast: Some near-term consolidation could be on the cards
EUR/USD resumed its recovery and retested the 1.0300 region once again. The US Dollar traded poorly amid another decline in US yields. Market participants now look at EMU inflation and more US data. The Euro (EUR) continued its recovery against the … [Continue reading]
Pound Sterling slides as UK GDP misses estimates, factory activity contracts
The Pound Sterling drops as the UK GDP rose at a slower-than-expected pace, and factory activity contracted in November. Traders have raised BoE dovish bets for February’s policy meeting. Investors await the US weekly jobless claims and Retail … [Continue reading]
NZD/USD: Only above 0.5650 a move to 0.5695 is likely – UOB Group
New Zealand Dollar (NZD) is expected to trade in a sideways range of 0.5600/0.5650. In the longer run, NZD must break and remain above 0.5650 before a move to 0.5695 is likely, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. NZD is … [Continue reading]
Australian Dollar depreciates as US Dollar holds ground ahead of Retail Sales
The Australian Dollar depreciates as the Unemployment Rate rises to 4.0% in December. Australia’s Employment increased by 56.3K in December, up from 28.2K in November. US Retail Sales could increase by 0.6% month-over-month in December, … [Continue reading]
Breaking: Australia’s Unemployment Rate increases to 4.0% in December vs. 4.0% expected
Australia’s Unemployment Rate rose to 4.0% in December from 3.9% in November, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus of … [Continue reading]
Gold rises as US yields tumble in aftermath of US CPI release
Gold extends gains as US core inflation was better than expected, sparking a drop in Treasury yields. Traders now anticipate the Fed might cut rates by 40 basis points by the end of 2025, adjusting market expectations. Potential tariffs by the … [Continue reading]