WSJ reports ”Fed debates whether wages or low unemployment will drive inflation”
The Wall Street Journal has written in the weekend press that ”stubbornly high inflation is finally easing as supply chain disruptions fade and interest rates at 15-year highs put the brakes on demand. Now, Federal Reserve officials have voiced unease that prices could reaccelerate because labour markets are so tight.” ”At issue is what’s the […]
Remains firm around 0.9210 after hitting a high shy of 0.9240
USD/CHF is downward biased but subject to a mean reversion move towards 0.9300. Solid resistance lies at 0.9235/40, with the confluence of technical indicators rejecting the USD/CHF rally. USD/CHF Price Analysis: Bulls are hopeful if the pair remains above 0.9158. After slumping on Wednesday, the USD/CHF stages a comeback recovering the 0.9200 psychological level, eyeing […]
USD/CAD bounces off multi-week lows near 1.3300
USD/CAD picks up some pace and retests 1.3330. US headline, Core PCE drifted lower in December. US Consumer Sentiment comes next in the docket. USD/CAD now gathers some upside traction and revisits the 1.3330 region on Friday, leaving behind at the same time earlier lows in the vicinity of 1.3300, an area last traded back in late November […]
USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers
Mexican Peso among top performers on Friday. UUSD/MXN slide found support above 18.70 as DXY strengthens after the beginning of the American session. US data mostly in line with expectations on Friday. The USD/MXN dropped on Friday to 18.71, reaching the lowest level since January 18 and then rebounded, erasing daily losses after the greenback […]
USD/JPY keeps the red below 130.00, eyes US PCE Price Index for fresh impetus
USD/JPY meets with a fresh supply on Friday and is pressured by a combination of factors. Strong Tokyo inflation fuels speculations about a hawkish shift by the BoJ and lifts the JPY. The emergence of fresh USD selling contributes to the intraday slide ahead of the US PCE. The USD/JPY pair comes under some renewed […]
US Dollar struggles to capitalize on upbeat data ahead of PCE inflation
Here is what you need to know on Friday, January 27: The US Dollar Index managed to post small daily gains on Thursday following the robust macroeconomic data releases from the US but seems to be struggling to gather further bullish momentum early Friday. The benchmark 10-year US Treasury bond yield holds steady above 3.5% […]
AUD/USD turns negative after hitting highest level since June
US Dollar gains momentum during the American session as US yields move higher. Markets wobble after US economic data, ahead of central banks meetings next week. AUD/USD drops after a four-day positive streak. The AUD/USD dropped from the highest level since June during the American session after the US Dollar gained momentum. The pair peaked […]
Bitcoin and Crypto Currencies on the Move
Crypto currencies are off to a great start in the new year, with nano Bitcoin gapping upward in a strong bull trend. Boris Ilyevsky, Head of Coinbase Derivates Exchange, discusses why he thinks “Crypto winter” could be behind us, with respect to recent events surrounding non-regulated Crypto entities and highly anticipated regulatory frameworks from Capitol […]
Advances for three days, reclaims 0.8820s
EUR/GBP finds acceptance above the 20/50-day EMAs and 0.8800. The January 13 daily high at 0.8897 will be the bull’s next target if the EUR/GBP achieves a daily close above 0.8800. The EUR/GBP hit a five-day new high at 0.8846, as positive Eurozone data outweighed bad UK PMIs, which reignited recessionary fears amongst Britons. Therefore, […]
FX option expiries for Jan 24 NY cut
FX option expiries for Jan 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – USD/JPY: USD amounts – AUD/USD: AUD amounts – USD/CAD: USD amounts 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 […]