Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is […]
AUD/USD is seen navigating within 0.7000-0.7135 – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, AUD/USD could now trade between 0.7000 and 0.7135 in the short term. Key Quotes 24-hour view: “We highlighted yesterday that ‘the sharp and rapid rise appears to be overdone but AUD could rise above 0.7170 first before easing’. AUD […]
USD Index appears depressed post-Fed, breaches 101.00
The index drops to 10-month lows near 100.80. The dollar remains on the defensive post-FOMC event. Initial Claims, Factory Orders next of note in the docket. The greenback, in terms of the USD Index (DXY), adds to the weekly leg lower and breaks below the 101.00 support to print new 10-month lows on Thursday. USD […]
USD/JPY refreshes daily low on weaker US ADP report, focus remains on FOMC
USD/JPY turns lower for the second straight day and is pressured by a combination of factors. Bets for smaller Fed rate hikes, sliding US bond yields, weaker US ADP report weigh on the USD. The cautious market mood benefits the safe-haven JPY and contributes to the modest downall. The downside seems cushioned as the focus […]
EUR/USD adds to recent gains and retargets 1.0900, FOMC eyed
EUR/USD adds to Tuesday’s advance and approaches 1.0900. EMU Flash inflation Rate, Unemployment Rate next of note in the bloc. The FOMC event, ISM Manufacturing take centre stage later in the session. The European currency keeps the optimism unchanged for the second session in a row and lifts EUR/USD back to the vicinity of the […]
FX option expiries for Feb 1 NY cut
FX option expiries for Feb 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.0900 1.99b 1.0885 1.22b 1.0800 800.7m – USD/JPY: USD amounts 130.50 635.6m 128.00 616m – AUD/USD: AUD amounts 0.7185 1.05b 0.7000 572.1m 0.6920 526.7m – USD/CAD: USD amounts – EUR/GBP: EUR amounts 0.8700 […]
NZD/USD faces some consolidation near term – UOB
According to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, NZD/USD could navigate within 0.6400 and 0.6535 in the next few weeks. Key Quotes 24-hour view: “We held the view that NZD ‘is likely to trade sideways within a range of 0.6465/0.6510’ yesterday. Our view of sideways trading was […]
XAU/USD bulls could emerge ahead of Federal Reserve
Gold price hourly chart shows that the price is being jammed into the lows of the day. Gold price could see a short squeeze for the day ahead as traders get set for the Federal Reserve. The Gold price has drifted lower for a third day and is testing structure as we head towards key […]
To test the 20-day EMA after hitting a new session high around 130.50
USD/JPY recovers some ground as traders brace for a busy US economic calendar. Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term. SUD/JPY Price Analysis: Remains downward biased, but it could aim higher. USD/JPY erases last Friday’s losses and […]
Upside bias alleviated below 0.7040 – UOB
According to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, AUD/USD could see its upside momentum mitigated on a breach of 0.7040. Key Quotes 24-hour view: “We highlighted last Friday that ‘upward pressure has eased and AUD is unlikely to advance much further’ and we expected AUD to ‘trade in […]