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USD/JPY looks to build on bullish move beyond 137.00, 200 DMA on stronger USDThe USD/JPY pair scales higher for the fifth successive day on Wednesday and climbs to over a two-week high during the early European session. Spot pr
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Thailand: Solid performance of Q1 GDP – UOBEconomist at UOB Group Enrico Tanuwidjaja reviews the latest Q1 GDP figures in Thailand. Key Takeaways “The Thai economy picked up growth pace in 1Q23
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EUR/GBP: More upside room on the back of ECB-BoE policy divergence – INGEUR/GBP is starting to move in the right direction, economists at ING report. EUR/GBP to hit 0.89 by the summer “EUR/GBP has started to edge higher an
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USD/JPY: Key Barriers in Focus But Consolidation Likely to Precede AttackStrong bullish acceleration extends into fifth straight day and cracks 200DMA (137.05), with key barriers at 137.77 (May 2 top) and 137.90 (Mar 8)...
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USDJPY Aims to Revive 2023 UptrendUSDJPY has been in the green for almost a week, aiming to resume its 2023 uptrend above the key 137.50-138.00 resistance territory. The technical...
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EUR/USD: Bears Hold Grip and Look for Attack at Next Key SupportThe Euro extends weakness in early European session trading on Wednesday, after the action stayed in a sideways mode in past two days but capped...
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Dollar Headed Higher – EUR/USD Breaking Key Trendline SupportThe USD is higher while stocks are still somehow sideways. The reason for the higher USD can be optimism and speculation about US debt-ceiling. We...
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EUR/USD and USD/JPY Weekly Chart OutlookEUR/USD started a decent recovery above the 1.0500 resistance. USD/JPY is showing positive signs but must clear 137.30 to start a fresh increase....
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NZDUSD Battles With 50-Day SMA after Decline PausesNZDUSD was in a steady short-term uptrend, posting a fresh three-month high of 0.6378 before experiencing a significant pullback. Although the...
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US Debt Ceiling Stalemate Remains Firmly in PlaceMarkets US treasuries extended their underperformance against German Bunds yesterday as some data beats strengthen the notion that the US customer...
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US Debt Theater: Final Act?Risk sentiment remains poor as the US couldn’t reached an agreement on its debt ceiling. But House Speaker McCarthy hinted that an agreement is...
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US Debt Talks ProgressMarket movers today Today is a slow day on the data front. We get the final April HICP figures from the euro area. The inflation data will be...
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Gold Price Approaches Make-or-Break LevelsKey Highlights Gold price started a downside correction from the $2,050 resistance zone. A major bearish trend line is forming with resistance...
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Gold (XAUUSD) Short Term Elliott Wave Support AreaShort Term Elliott Wave view suggests Gold ended wave 1 rally at 2081.82. Pullback in wave 2 is in progress as a double three Elliott Wave...
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USDCHF: Elliott Wave Bearish Sequence & Next Extreme AreasUSDCHF has seen a strong decline since October 2022 peak with shallow bounces in-between. In today’s blog, we will take a look at the Elliott wave...
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Eurozone CPI finalized at 7% yoy in Apr, CPI core at 5.6% yoyEurozone CPI was finalized at 7.0% yoy in April, up from March’s 6.9% yoy. The highest contribution to came from food, alcohol & tobacco...
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Australia wage growth accelerated to 0.8% in Q1, highest in over a decadeAustralia wage price index posted 0.8% qoq increase in Q1 2023, slightly short of expected 0.9% rise. Despite this, annual wage growth accelerated...
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Japan’s economy bounced back in Q1, up 1.6% annualized, 0.4% qoqJapan’s economy delivered a robust performance in Q1, expanding at annualized rate of 1.6%, which significantly surpassed expectation of...
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Fed Logan: Slower tightening shouldn’t signal any less commitmentDallas Fed President Lorie Logan emphasized the importance of a cautious approach to tightening monetary policy amidst uncertainty, suggesting...
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Forex Markets See Uncertainty, Yen’s Slide Persists, Gold Back Below 2000Clear direction is yet to be established in the forex markets this week, with the exception of Yen’s continued depreciation, albeit at a...
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Cryptocurrency trading should be regulated as gambling say UK MPsThe UK's Treasury Committee has published its report on how cryptocurrencies should be regulated. The report said that while there may be some...
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"BoJ will probably revise its YCC policy at the upcoming June meeting."Japanese GDP data for January - March was printed earlier in the session, it showed a solid beat indeed: Japan Q1 GDP +0.4% q/q (vs. expected...
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PBOC sets USD/ CNY central rate at 6.9748 (vs. estimate at 6.9750)People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to...
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PBOC is expected to set the USD/CNY reference rate at 6.9750 – Reuters estimatePeople's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for...
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ANZ forecasts the RBNZ to raise the cash rate to 5.75% in JulyThe Reserve Bank of New Zealand OCR is currently 5.25% ANZ report (in summary): We expect the RBNZ will raise the Official Cash Rate (OCR) 25bp...
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...