Share: EUR/USD continues to test a near-term ceiling at 1.0780. European PMIs slated for next Thursday, thin data until then. US PPIs rose on Friday, pinning markets into the midrange. EUR/USD is spinning in place on Friday after a brief test into … [Continue reading]
EUR/USD dips as PPI signals extended Fed tightening
Share: EUR/USD dips to 1.0759 as US inflation data exceeds expectations, suggesting sustained Fed attentiveness. January's US PPI rise shows ongoing inflation pressures, with core PPI exceeding predictions. ECB's cautious approach to rate cuts … [Continue reading]
Platinum: A break of $1,000 will mark the beginning of a bullish trend – ANZ
Share: Platinum’s price is hovering near a key support level of $900. Economists at ANZ Bank analyze the metal’s technical outlook. Consolidation near $900 If the price holds above $900, a recovery looks possible towards $936. However, a sustained … [Continue reading]
USD/INR recovers its losses ahead of US PPI data
Share: Indian Rupee trades softer on the renewed USD demand on Friday. RBI's Das said persistent food price shocks and heightened geopolitical tensions are hindering policymakers' efforts to curb inflation. Investors will monitor the US … [Continue reading]
WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks
Share: WTI recovers to $77.50 on the weaker of the US Dollar. The International Energy Agency (IEA) said the crude market could be in surplus throughout 2024. The escalating Middle East geopolitical tension might lift WTI prices as it disrupts … [Continue reading]
US stock indexes see lopsided gains on Thursday, but end the day broadly in the green
Share: Major equity indexes in the US trade mixed after opening in positive territory. Retail Sales in the US declined by 0.8% in January. Technology stocks underperform and weigh on Nasdaq Composite. The S&P 500 (SPX) index rose 0.58% to … [Continue reading]
Canadian Dollar finds some room after US Retail Sales miss overshadows Canadian Home Sales decline
Share: Canadian Dollar recovers ground on US data print. Canada sees low-impact data for the back half of the trading week. Crude Oil markets are in recovery mode, bolstering Canadian Dollar. The Canadian Dollar (CAD) found itself on the high side … [Continue reading]
Near-term support to GBP set to fade – Danske Bank
Share: The Pound Sterling (GBP) has benefitted from a sharp repricing of the Bank of England. Economists at Danske Bank analyze EUR/GBP outlook. Relative growth outlooks and broad central bank pricing to weigh on GBP Over the past month, EUR/GBP … [Continue reading]
FX option expiries for Feb 15 NY cut
Share: FX option expiries for Feb 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - USD/JPY: USD … [Continue reading]
USD/CAD moves sideways after recent losses, clings to 1.3540
Share: USD/CAD treads water to hold ground post recent declines. The decline in the WTI price weighs on the Canadian Dollar. Fed’s Goolsbee suggested that the Fed may consider rate cuts despite upbeat consumer prices. USD/CAD makes an effort to … [Continue reading]