USDCAD rose by 0.35% as buyers are eyeing to reclaim the 50-day EMA at 1.3515. Risk aversion kept CAD buyers from extending the USDCAD losses towards the head-and-shoulders chart pattern 1.3030 targets. Canadian and US jobs data suggests that the BoC … [Continue reading]
NZDUSD remains depressed near daily low amid modest USD strength, softer risk tone
NZDUSD meets with heavy supply on Wednesday amid a modest USD recovery. Elevated US bond yields and a softer risk tone revive demand for the greenback. Traders now look to Fedspeaks for some impetus ahead of the US CPI on Thursday. The NZDUSD pair … [Continue reading]
Phase of stronger equities linked to the midterms could hurt the USD – Credit Suisse
US politics becomes a live issue again due to yesterday’s midterm elections. Republicans are on track to achieve a majority in the House of Representatives while Democrats could lose the Senate too. In that case, equities could rise, hurting the US … [Continue reading]
US Midterm Election Update: Republicans leading in tight contests
Republicans need a net gain of just one seat in the 2022 midterm election in the United States to win the Senate, as the Bellwether States see a very close call. In the race for a US Senate seat in Iowa, Republican incumbent Grassley … [Continue reading]
Japan Bank Lending (YoY) came in at 2.7%, above expectations (2.5%) 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]
AUDUSD Forecast: Holding on to gains above 0.6500
AUDUSD Current Price: 0.6510 Australian NAB’s Business Confidence unexpectedly contracted to 0 in October. Tensions mount amid US midterm elections, upcoming US inflation figures. AUDUSD retreats from a fresh monthly high holds above the 0.6500 … [Continue reading]
EURUSD Price Analysis: Immediately to the upside comes the 100-day SMA
EURUSD sees its recent strong upside temporarily trimmed on Tuesday. Gains could accelerate beyond the 100-day SMA at 1.0040. EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA. If the … [Continue reading]
Market reaction to US midterm elections should be quite muted – Danske Bank
Today, the focus is on the US midterm elections. Economists at Danske Bank do not expect the election result to be a major market mover in the near-term. US midterm elections today “Republicans are favoured to win control of both House and Senate, … [Continue reading]
USDJPY extends gains above 146.80 amid anxiety ahead of US mid-term elections outcome
USDJPY climbs above 146.80 as the traction is returning in the risk-off profile. US yields are advancing after hawkish commentary from Fed policymaker Barkin. Japanese administration is set to approve more stimulus and hike taxes for ultra-wealthy … [Continue reading]
EURGBP fails to capture 0.8700 ahead of Eurozone Retail Sales
EURGBP has sensed selling pressure while attempting a break above 0.8700. The ECB is expected to paddle up its policy tightening measures to bring the inflation rate to 2%. Eurozone Retail Sales data is seen at 1.3% vs. the prior release of … [Continue reading]