FX

Share: US Dollar Index bulls take a breather at multi-day top after three-day uptrend. Hawkish Fed bets, hopes of no US default underpin US Treasury bond yields and DXY run-up. Challenges to US debt ceiling deal, likely spat between the Washington and Beijing over Taiwan poke US Dollar Index bulls. Fed Chair Powell’s speech, US

Share: USD/JPY seesaws near the highest level in a week, prints three-day uptrend. Yields grind higher amid US debt ceiling and banking woes, as well as hawkish Fed talks. BOJ’s Ueda defends easy money policy, Japan PM Kishida to oder assessment on wage outlook by government and BoJ. Softer Japan PPI, unimpressive US inflation signals

Share: US Dollar Index remains depressed after snapping two-day winning streak. US inflation eases in April but details flash mixed signals for Fed watchers. Anxiety amid debt ceiling talks, banking woes put a floor under the DXY price. Central bank comments, risk catalyst and US PPI eyed for clear directions. US Dollar Index (DXY) stays

Share: The strong downtrend in USD/MXN continues as emerging market currencies advance against the US Dollar. USD/MXN eyes 17.5000 support; bullish potential remains limited, with key resistance at 17.9492 and 18.2263. The USD/MXN fell to fresh six-year lows of 17.7462, hit in the middle of the New York session even though the US economy revealed

Share: USD/CHF is expected to extend the downside to near 0.8900 amid weak appeal for the USD Index as safe-haven. A consecutive 25 bps interest rate hike is expected to be followed by neutral guidance from the Fed. US yields are under immense pressure after Treasury estimated that it would be out of funds for

Share: The Central Bank of Colombia (BanRep) raised its key interest rate by 25bps to 13.25%. Analysts at TD Securities think this was the last hike in the cycle and they warn that after the recent Cabinet reshuffle form the President, the central bank has now additional reasons to be cautious in coming months. Key

Share: US Dollar Index stays pressured near one-week low as yields drop amid Fed concerns, US debt ceiling drama. US politicians jostle over debt ceiling plan ahead of June expiration. Markets brace for Fed policy pivot, rate cuts in 2023 ahead of next week’s anticipated 0.25% lift. Spread between US one-month and three-month Treasury bond

Share: NZD/USD is expected to witness a downside after the conclusion of the short-lived pullback to near 0.6170. Fed policymakers are supporting more conservative monetary policy despite easing US labor market conditions. A significant decline in NZ inflation indicates that the RBNZ is well on track of arresting sticky inflation. The NZD/USD pair is hovering

Share: USD/CHF is aiming to recapture the critical resistance of 0.9000 as Fed policymakers are convinced of more rate hikes.  S&P500 futures have recovered the majority of losses reported on Friday, portraying a recovery in investors’ risk appetite. Swiss inflation is expected to get arrested sooner by the SNB as banks have tightened their credit

Share: Gold price extends early week rebound, grinds higher of late. United States inflation, Federal Reserve Minutes weigh on US Treasury bond yields, USD and inspire XAU/USD buyers. Markets are in consolidation mode and hence Gold price pullback can’t be ruled out. More clues of US inflation, risk catalysts eyed for clear directions Gold price

Share: EUR/USD hovers around 1.0900 after hitting a low of 1.0876. US Nonfarm Payrolls rose below forecast but cemented the case for a 25 bps Fed rate hike. ECB’s Knot: Further rate hikes need, and no rate cuts in 2023. The EUR/USD falls during the North American session and retraces towards the 1.0900 figure after

Share: Gold price is comfortably shifted above 2,020.00 amid rising bets for a steady Fed monetary policy. A slowdown in the hiring process by US firms has scaled expectations of an unchanged Fed policy towards north. Gold price is marching towards the horizontal resistance plotted from 08 March 2022 high at $2,070.54. Gold price (XAU/USD)

Share: USD/CHF drops as US core PCE rose by 4.6% YoY, below the previous month. The University of Michigan’s Consumer Sentiment was below expected. USD/CHF Price Analysis: Presses toward 0.9100, but sellers struggle to break that support below. USD/CHF falls to a new weekly low below 0.9126, sponsored by economic data from the United States

Share: EUR/USD picks up bids to extend week-start rebound amid downbeat US Dollar, firmer sentiment. Receding fears of banking fallouts allow markets to take a breather from the previous risk aversion. Upbeat German data, hawkish ECB talks add strength to the Euro pair. ECB President Lagarde’s speech, US CB Consumer Confidence eyed for fresh impulse.

Share: EUR/GBP has gauged an intermediate cushion around 0.8810 as BoE claims rapid inflation softening ahead. The BoE announced a 25 bps rate hike and pushed rates to 4.25% despite fears of banking turmoil. ECB Knot is in favor of further rate hikes in May as inflation is showing no signs of abating. The EUR/GBP

Share: AUD/USD cheers risk-on mood, cautiously optimistic comments from RBA’s Kent. RBA’s Kent conveys soundness of Aussie banks, defends rate hike moves. Hopes that UBS buyout of Credit Suisse could tame bond market rout favor the sentiment. RBA Meeting Minutes, preliminary PMIs for March and FOMC Meeting are the week’s key events to watch for

Share: The Bank of England was holding emergency talks with international counterparts last night amid rising concerns as the crisis deepens in Swiss bank Credit Suisse Group AG, the Telegraph reported on Wednesday per Reuters. Key quotes Bank of England officials were in talks with counterparts, as they all raced to assess the potential impact

Share: USD/CHF extended its drop past the 20/50-day EMAs after facing resistance at the 200-day EMA. USD/CHF Price Forecast: Shifted bearish, though needs to crack 0.9130s to test YTD lows. USD/CHF falls below the confluence of the 20 and 50-day Exponential Moving Averages (EMAs), extending its daily losses to more than 1% Friday. A mixed