FX

USD/JPY reached two-week tops around 114.00 retreating the upward move as the New York session began. The USD/JPY pair fell amid US dollar weakness across the board. Flat US bond yields undermined the US dollar prospects against the Japanese yen. The USD/JPY retreated from weekly tops around 114.00, fell 0.17%, trading at 113.88 as the

AUD/USD has reversed kneejerk losses in wake of US inflation data and is now in the green above 0.7380. US medium-term inflation expectations have shot higher, calling the Fed’s dovish stance into question. AUD/USD saw a kneejerk move lower in wake of the latest US Consumer Price Inflation (CPI) report, which showed price pressures were

GBP/JPY printed a daily low at 152.81, but late in the New York session bounced off, reclaiming 153.00. GBP/JPY: In the near term, the trend is tilted to the downside but found strong support around 153.00. The British pound recovered some ground on Friday, as the New York session finished, trading at 153.12, down 0.29%

DXY picks up bids to consolidate Monday’s losses, justifies bullish candlestick formation, MACD signals. 100-SMA adds to the downside filters before two-week-old horizontal support. Bulls eye October’s peak, monthly high can test short-term traders. US Dollar Index (DXY) takes the bids to refresh intraday high around 94.00, up 0.09% on a day during early Tuesday.

Silver fades bounce off one-week low, stays below 10-DMA. 21-DMA, 50-DMA confluence restricts short-term downside. Tops marked in September-October challenge bulls amid descending RSI/MACD line. Silver (XAG/USD) remains on the back foot around $23.80, down 0.30% intraday during Monday’s Asian session. The bright metal dropped to the lowest in one week, also slipped below 10-DMA,

AUD/USD fell on broad US dollar strength, as the greenback rose almost 1% in the US Dollar Index. European stock indices fell, while US equity indices rose, depicting a mixed-market sentiment, which benefited the US Dollar. US Core PCE rise overshadowed the Australian Retail Sales jump, weighed on the AUD/USD. The Australian dollar slid for

The pound finds buyers at 1.3665 after a 0.75% daily decline. The sterling suffers against a stronger USD. GBP/USD’s reaction to the BoE is unpredictable – MUFG. The British pound is attempting to find support at 1.3665 lows on Friday’s late US trading, after plummeting more than 0.7% on the day. End-of-month moves with November’s

AUD/NZD extends previous session’s declines on Friday. The cross-currency pair faces a resistance barrier near 1.0500. MACD holds above the midline with neutral stance AUD/NZD edges lower on the last trading day of the week in the Asian trading session. The cross-currency pair stayed in a narrow trade band  amid upbeat Australian Retail Sales data.

Christine Lagarde, President of the Europen Central Bank (ECB), added to her earlier comments on the monetary policy outlook at the post-meeting press conference: Key quotes: The phase of rising inflation will last longer than originally expected. This reflects energy, recovery demand outpacing supply. Medium-term inflation is still seen below the 2% target. [embedded content]

One-month risk reversal (RR) of the EUR/USD, a gauge of calls to puts, prints +0.050 readings for Wednesday, per the latest data from Reuters. The figures suggest that the pair traders are the most bullish since October 19 when the RR marked +0.0932 level. It’s worth noting that the positive RR level also consolidates the

An important week for tech company earnings reports has started with Facebook, which reported third-quarter revenue this year totalling $29.01 billion, a 35% jump compared to the same quarter in 2020. Microsoft Corp. with revenues of $45.3 billion in the first quarter of fiscal 2022, after a 22% increase from the same timeframe a year

Australia’s inflation figures for the third quarter could boost the AUD/NZD. Worse than expected, New Zealand Trade Balance figures strengthened the kiwi but gave back its gains. AUD/NZD: In the 1-hour chart, a break above 1.0500 would open the doors for a 1.0600 test. The AUD/NZD barely climbs during the Asian session, is up 0.10%,

Visa, a financial services company based in California, USA, offers electronic funds transfer products worldwide via credit cards, debit cards, and prepaid cards. Visa’s main competitors in the financial services sector are American Express, Mastercard, and Union Pay. Visa has so far dominated the number of used cards and transactions of the United States credit

TSLA slightly down in premarket day after achieving $1 trillion valuation. Morgan Stanley placed $1,200 price target on TSLA. Tesla earning $10,000 EBITDA per unit. It took Tesla (TSLA) 18 years to reach a $1 trillion market cap, but the sages and prophets such as Cathie Wood and Ron Baron were proven right. On news

US Dollar Index extends Friday’s losses to refresh multi-day bottom. US stimulus hopes, China headlines weigh on US dollar’s safe-haven demand. Fed’s Powell favored tapering but not the rate hikes. Second-tier data eyed ahead of Thursday’s advance reading of Q3 GDP. US Dollar Index (DXY) refreshes monthly low around 93.50, extending Friday’s losses as European

GBP/USD Weekly Forecast: Time for a meaningful downside correction? Covid and US GDP eyed GBP/USD has been rising amid speculation of a BOE rate hike and risk-on-related dollar weakness. UK covid headlines, US GDP and US politics are set to move markets ahead of Halloween. Late October’s daily chart is painting a mixed picture. A rate hike in

XAU/USD ended the day in a high tone, clung above $1,790.00. Fed’s Chairman Powell: High inflation will likely last well into next year. XAU/USD: Has an upward bias, but higher US bond yields and market sentiment could impact the non-yielding metal. Gold (XAU/USD) finished the day at $1,792.59 for a 0.54% gain at the time

BoE’s Chief Economist Huw Pill: Inflation in the UK could top 5%. Brexit: The EU could terminate the post-Brexit trade deal with the UK. EUR/GBP: The 1-hour chart depicts the pair is tilted to the upside, confirmed by RSI at 63.50 and aiming higher. The EUR/GBP edges higher as the New York session progresses, gains