USD/CAD finished Friday’s session with gains, though it faltered to clear 1.3400. USD/CAD Price Analysis: Exposed to selling pressure below 1.3400. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, … [Continue reading]
AUD/USD hovers around 0.6960s in choppy trading ahead of the weekend
Consumer Sentiment in the United States improved and capped AUD/USD rally. The US last inflation report, spurred speculation that the Fed would decelerate the pace of interest rate increases. Improvement in Australia – China relations is a tailwind … [Continue reading]
KRW to remain a key beneficiary of USD weakness in the weeks ahead – TDS
Bank of Korea (BoK) decided to hike its policy rate today by 25 bps to 3.50%. Economists at TD Securities expect the Won to strengthen in the weeks ahead. Less urgency to tighten further “BoK hiked its 7-day repo rate by 25 bps to 3.50% as widely … [Continue reading]
EUR/USD Forecast: Euro correction attempts to remain limited
EUR/USD has retreated modestly following Thursday's impressive rally. Near-term technical outlook points to overbought conditions for the pair. Dovish Fed commentary could make it difficult for the US Dollar to find demand. EUR/USD has retreated to … [Continue reading]
BoJ announces a second unplanned bond purchase operation on Friday
On Friday, the Bank of Japan (BoJ) resorted to a second unplanned Japanese Government Bonds (JGB) purchase operation. Also read: BoJ announces unplanned bond-buying on Friday Key details BoJ offers to buy 100 billion yen in 3-5 year JGBs. BoJ … [Continue reading]
Australia Home Loans registered at -3.8%, below expectations (-3%) in November
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]
Forex Today: US Dollar collapses amid Fed seen hiking rates by 25 bps from now on
What you need to take care of on Friday, January 13: Financial markets spent the first half of the day extending their previous consolidative phase, finally exploding with the release of the United States Consumer Price Index (CPI). The US CPI rose … [Continue reading]
GBP/USD turns negative from four-week highs as Dollar erases US CPI losses
US Dollar tumbles after CPI data, trims losses after Wall Street opening bell. Inflation confirms slowdown in the US, Fed’s Harker expects 25 bps hikes now. GBP/USD reveres sharply, drops below 1.2100. On a volatile session for FX, the US Dollar has … [Continue reading]
US CPI: Significant upside surprise to provide more support for the USD – MUFG
Will US Consumer Price Index (CPI) report disrupt USD weakening trend? A significant upside surprise is needed to support the greenback, according to economists at MUFG Bank. Fed expected to further step down the pace of hikes to 25 bps at the next … [Continue reading]
USD/JPY Outlook: Seems vulnerable amid possibility of further BoJ policy tweak; US CPI awaited
USD/JPY slides back closer to the weekly low and is pressured by a combination of factors. The BoJ review news boosts the JPY and exerts some pressure amid a modest USD downtick. Bets for smaller Fed rate hikes continue to weigh on the buck ahead of … [Continue reading]