FX

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

Silver dives from $24,85 to $24.20 after Powell’s speech. Fed Powell confirms QE tapering and demand for metals plunge. XAG/USD remains bullish, with the $24,85 resistance area on focus. Silver futures have pulled back from levels right below two-month highs, at $24.87, retreating to the $24.20 area on the back of the US dollar’s bullish

Open interest in gold futures markets reversed two consecutive daily builds and increased by just 128 contracts on Thursday, considering preliminary readings from CME Group. Volume followed suit and shrank by around 42.5K contracts after two daily advances in a row. Gold now looks to $1,800 Gold prices approached the $1,790 mark on Thursday although

WTI falls almost $3 due to an optimistic weather announcement by the National Oceanic and Atmospheric Administration. Beijing’s signal to intervene in the coal market added further pressure on crude oil prices. Bank of America and Iraq oil minister, see crude oil topping at $100.00 by the first half of 2022. Western Texas Intermediate (WTI)

USD/TRY consolidates weekly losses near record top, sidelined of late. Fitch says Turkey’s ‘premature’ rate cut risks higher inflation. Turkish President Erdogan lauds global investor confidence in Turkey. CBRT is up for another rate cut, Turkish Consumer Confidence and US data important too. USD/TRY picks up bids around $9.2430, up 0.33% intraday ahead of Thursday’s

The dollar takes a breather after reaching fresh five-year highs at 114.70. A higher appetite for risk and a pause on US yield’s rally are weighing on the US dollar. USD/JPY remains positive and might reach 117.80/118.60 – SocGen. The US dollar has pulled pack after hitting fresh five-year highs at 114.70 pm Wednesday, to consolidate

EUR/USD remains on the front foot at three-week high. DXY drops for sixth day despite firmer US Treasury yields. EU CPI, Fed/ECB policymakers’ comments eyed for fresh impulse. EUR/USD stays firmer around 1.1650, up 0.11% intraday heading into Wednesday’s European session. The major currency pair jumped to the highest level since late September the previous

The dollar bounces up from multi-month lows at 1.2310. The pause on US bond yield’s rally has weighed on the greenback. USD/CAD might reach 1.22 by year-end – Scotiabank. The US dollar is trimming losses against its Canadian counterpart after having bottomed at 3, ½-month lows at 1.2310 earlier on Wednesday. The pair has returned to 1.2350,

Gold gained some positive traction on Tuesday and snapped two days of the losing streak. Retreating US bone yields undermined the USD and extended some support to the metal. Hawkish Fed/BoE might cap gains and warrants some caution for aggressive bullish traders. Update: Gold prices lock in some fresh gains above $1,770 amid a recent pullback

The euro remains capped below 1.1600, close to long-term lows at 1.1525. A sour market sentiment has weighed on the euro’s recovery attempt. EUR/USD seen extending decline to 1.1400 – Scotiabank. The common currency has attempted to pick up from the 1.1575 low hit earlier on Monday, before failing at 1.1610 and returning to levels below 1.1600.