The US Dollar faces a near 1% loss for this week thus far. The December CPI release came in a touch softer as projected, triggering a surge in Risk On sentiment. The US Dollar Index (DXY) snaped below 109.00 and is looking for … [Continue reading]
EUR/USD clings to gains ahead of US inflation
EUR/USD locks in key resistance of 1.0300 after recovering from over a two-year low of 1.0175, with the US CPI data for December in focus. The US Dollar faces pressures after softer-than-expected US PPI data for December. ECB’s Holzmann expects the … [Continue reading]
Japanese Yen bulls regain control on BoJ Governor Ueda’s hawkish remarks, intervention fears
The Japanese Yen attracts fresh buyers in reaction to BoJ Governor Ueda's hawkish remarks. Intervention fears also underpin the JPY and weigh on USD/JPY amid subdued USD demand. The risk-on mood and the recent widening of the US-Japan … [Continue reading]
South Korea Trade Balance unchanged at $6.49B in December
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]
NZD/USD Price Analysis: mild bounce overshadowed by multi-year lows
NZD/USD edges up 0.11% on Tuesday, hovering near 0.5600 after a brief recovery attempt. MACD histogram shows decreasing green bars, pointing to limited follow-through despite the rebound. The NZD/USD pair gained modestly on Tuesday, inching up to … [Continue reading]
Gold Price Forecast: XAU/USD pressures intraday highs as mood sours
XAU/USD Current price: $2,672.99 The United States Producer Price Index rose by less than anticipated in December. Speculative interest continues to trade on sentiment and Donald Trump’s headlines. XAU/USD ticks higher as the sentiment deteriorates, … [Continue reading]
EUR/USD struggles as US Dollar remains firm with US inflation in focus
EUR/USD faces pressure in extending recovery above 1.0270 as the US Dollar rebounds. President-elect Donald Trump’s policies are expected to boost US inflation and growth. ECB’s Rehn sees monetary policy restrictions concluding by mid-summer. … [Continue reading]
AUD/JPY moves above 97.50 due to strong commodity prices, improved market sentiment
AUD/JPY rises as the Australian Dollar receives support from strong commodity prices. The ASX 200 Index rose by 0.48% to around 8,230 on Tuesday due to improved mining and energy stocks. Traders speculate that the BoJ might postpone raising rates … [Continue reading]
Japan’s Akazawa: BoJ’s rate hike consideration and government’s aim to exit deflation are not contradictory
Japan's Economy Minister Ryosei Akazawa noted on Tuesday that ”the Bank of Japan’s (BoJ) consideration of a rate hike and the government's (govt) aim to exit deflation are not contradictory.” “The BoJ and govt are cooperating well,” he added. … [Continue reading]
Mexican Peso depreciates on overall US Dollar strength on risk-aversion
USD/MXN climbs 0.43% as US employment strength dampens hopes for imminent Fed rate reductions, boosting the Greenback. 10-year US Treasury yield hits a high of 4.801%, adding pressure on emerging market currencies like the Mexican Peso. Economic … [Continue reading]