Share: Markets will continue to digest the FOMC meeting. During the Asian session, Australia is scheduled to release trade data and home loan figures. Later in the day, Switzerland will report consumer inflation data. More US employment data is due … [Continue reading]
Canadian Dollar pinned to low side ahead of Fed rate call
Share: The Canadian Dollar is trapped near familiar low bids as Fed rounds corner. Bank of Canada Governor Tiff Macklem wrapping up government testimony today. Markets are expecting a hawkish pause from Fed Chair Powell. The Canadian Dollar (CAD) … [Continue reading]
United States ADP Employment Change registered at 113K, below expectations (150K) 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]
NZD/USD hovers around 0.5820 after subdued Kiwi, Chinese data
Share: NZD/USD extends losses on weaker Kiwi and Chinese economic data. Kiwi Employment Change declined by 0.2% in the third quarter. China's Manufacturing PMI dropped to 49.5 in October. Traders seek Fed's remarks on interest rates trajectory. … [Continue reading]
USD/JPY retreats from the yearly high, hovers above 151.00
Share: USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield. BoJ Governor Ueda expressed fear about inflation not reaching long-term targets. Japan's Chief Cabinet Secretary Matsuno engaged in some verbal … [Continue reading]
AUD/USD sticks to the range-bound trade below the mid-0.6300s ahead of Fed rate decision
Share: AUD/USD faces some range-bound trade below the mid-0.6300s on Wednesday. The markets anticipate that the FOMC will leave interest rates unchanged at its November meeting. The Middle East geopolitical tensions and the downbeat Chinese data … [Continue reading]
GBP/JPY reclaims 184.00 on Tuesday as Yen gets yanked back down by dovish BoJ
Share: The GBP/JPY has rocketed back to 184.00 after the BoJ flubbed hawkish tone expectations. The Pound Sterling is set for its single best trading day against the Yen since July. The Guppy is back into its highest bids in over a month. The … [Continue reading]
United States Chicago Purchasing Managers’ Index registered at 44, below expectations (45) 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]
WTI Price Analysis: Sticks to modest gains around mid-$82.00s, upside potential seems limited
Share: WTI gains some positive traction on Tuesday and recovers a part of the precious day’s slide. The technical setup favours bearish traders and supports prospects for a further downfall. Any positive move back above the $83.00 mark is likely to … [Continue reading]
Gold price edges lower on easing Middle East tensions, focus remains on FOMC meeting
Share: Gold price trades with a mild negative bias for the second successive day on Tuesday. Hawkish Fed expectations, elevated US bond yields and some USD buying exert pressure. Receding safe-haven demand also undermines the XAU/USD ahead of the … [Continue reading]