TD Securities’ Gennadiy Goldberg and Molly Brooks analyze the Federal Reserve’s decision to halt Reserve Management Purchases (RMP) after tapering from $40bn to $10bn per month. They argue the pause reflects soft money …
EURUSD EUR/USD is starting to sketch out something interesting on the weekly chart - a potential Head and Shoulders reversal pattern. This is one of those classic setups traders love, but here’s the catch: it’s not conf…
The Pound Sterling (GBP) trades lower against its major currency peers, falls 0.2% to near 1.3420 against the US Dollar (US) on Thursday, following the release of the United Kingdom (UK) monthly Gross Domestic Product (…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann judge USD/JPY price action as inconclusive intraday, with trading expected between 159.00 and 159.70 after a tight 159.01–159.56 range. Over 1–3 weeks, they ke…
Societe Generale’s Dev Ashish flags growing election and fiscal risks weighing on Brazilian assets. BRL has underperformed in LatAm, with USD/BRL nearing its 200-day moving average at 5.2042 and Bovespa breaking below i…
According to Eurostat, the Eurozone Gross Domestic Product (GDP) growth in the second quarter this year remains at 0.4%, as shown by the preliminary data released on July 30.
AUD/USD edges lower for the third successive day, trading around 0.7060 during the Asian hours on Friday. Reserve Bank of Australia (RBA) Assistant Governor Chris Kent stated on Thursday that recent interest rate hikes …
The NZD/USD pair is seen building on the previous day's bounce from the 0.5820 region, or a two-week low, and gaining some positive traction during the Asian session on Friday. Spot prices climbed back above 0.5850 in t…
The GBP/USD pair attracts some dip-buyers during the Asian session on Friday and, for now, seems to have snapped a two-day losing streak to the weekly low, which it touched the previous day. Spot prices, however, strugg…
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.90 in the Asian trading hours on Friday. The DXY weakens following cool…
Latvian officials announced the activation of an air threat alert in the southeastern part of the country, near the border with Russia and Belarus, Reuters reported on Friday. It was also reported that fighter jets from…
USD/CAD loses ground for the second successive day, trading around 1.3920 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) declines following a softer-than-expected US inflation report. Mark…
The USD/JPY pair loses traction to near 159.45 during the Asian trading hours on Friday. Softer US inflation reports and fears of currency intervention weigh on the US Dollar (USD) against the Japanese Yen (JPY). Trader…
USD/JPY is trading sideways on Thursday, hovering in the mid-159.00s and holding within its recent range. It is more of the same for the pair, which continues to move in consolidation as opposing forces cancel each othe…
NZD/USD is recovering on Thursday in the American session, regaining the mid-0.5800s after rising off two-week lows reached during the Asian session. The New Zealand Dollar (NZD) has clawed back some ground as the US Do…
The USD/MXN extends its downtrend for the 14th straight day, down a minimal 0.08% as the Mexican Peso hovers near a 24-month low of 17.01 on Thursday.
The dollar rose to 159.4570 against the yen on Thursday, August 13, up 0.02% from the previous session, after testing 159.53 during the European morning. The pair traded flat near 159.40 through the Asian session and ha…
The US Dollar (USD) has softened with the US Dollar Index (DXY) slipping back below the 100.00 mark after Thursday's lower-than-expected Producer Price Index (PPI) data and a higher-than-expected weekly Jobless Claims p…
To explore these dynamics, we turn to the FTSE World Government Bond Index (WGBI), which measures the performance of fixed-rate, local currency, investment-grade sovereign bonds. The WGBI is a widely used benchmark that…
The largest weekly build in American Crude Oil inventories in three and a half years landed on Wednesday into a market that two forecasting agencies spent the same morning describing as physically short, and the barrel …
OCBC’s Sim Moh Siong and Christopher Wong note that USD/IDR has rebounded after a near 2% month-to-date pullback, with external factors such as elevated Oil prices and US rates remaining key drivers.
Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/JPY trading just below 160.00 as Japan’s government signals support for faster Bank of Japan (BoJ) rate hikes, reinforcing narrowing US–Japan differentials and…
Richmond Federal Reserve (Fed) President Thomas Barkin highlighted on Thursday the persistent uncertainty surrounding the US inflation outlook and monetary policy. According to Reuters, Barkin said it remains an open qu…
Commerzbank's Dr. Marco Wagner analyzes how Donald Trump’s past and potential future attacks on the Federal Reserve (Fed) affect its independence. Using the Central Bank Pressure Index, he notes that Trump’s criticism s…