FX

“I myself believe that the ‘substantial further progress’ standard has more than been met with regard to our price-stability mandate and has all but been met with regard to our employment mandate,” Fed Vice Chair Richard Clarida said on Tuesday, per Reuters. Additional takeaways “If recovery remains on track, gradual tapering of asset purchases concluding middle

During a press conference on Tuesday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the central bank is prepared to deploy FX market stabilizing measures if needed. Additional quotes Tuesday’s rate decision was not unanimous  Board member Lim Ji-Won dissented to Tuesday’s rate decision.  Board member Suh Young-Kyung dissented to Tuesday’s rate decision. Chances of

Apple stock retraces but fails to beak 21-day moving average on Friday. Has Apple bottomed out as a double bottom looks possible? AAPL stock has been falling and Monday is likely to be a quiet session. Friday saw a brief rally for tech stocks after the weak employment number. The weak data, led short-term traders

S&P 500 Futures track Wall Street losses as tapering tantrums remain intact. Taiwan, phase one deal hint at further US-China tussles. US holiday restricts market moves, Wednesday becomes the key day for markets. S&P 500 Futures remain on the back for the second consecutive day, down 0.15% intraday around 4,375 during early Monday. The risk

GBP/USD closes the week above 1.3600 frem 1.3405 lows in late September. BoE tightening expectations have fuelled the pound’s recovery. GBP/USD seen at 1.41 in 2022 – Westpac. The British pound has found support at 1.3610 after having hit resistance at one-week highs of 1.3660 earlier today. The pair consolidates above 1.3600 after a significant recovery from year-to-date lows

XAG/USD is steady as the US 10-year T-bond yield sits firmly around 1.61%. The US Dollar Index seems poised to close above 94.00 for the second consecutive week. Silver (XAG/USD) is advancing during the New York session, climbs 0.69%, trading at $22.76 at the time of writing. Price action throughout the American session has been

EUR/USD retreats from daily highs around 1.1560’s amid US dollar weakness. EUR/USD: Failure to hold 1.1500 could send the pair tumbling towards 1.1348. The market sentiment is downbeat, as investors believe a Fed’s bond taper announcement is imminent. The EUR/USD rises above Thursday’s daily highs is trading at 1.1572, gaining 0.17% during the New York

DXY quickly faded the initial optimism and dropped below 94.00. The US economy added 194K jobs in September vs. 500K expected. The US jobless rate edged lower to 4.8% (from 5.2%). The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rival currencies, retakes the 94.00 barrier following an ephemeral

NZD/USD extends previous day’s gains, pokes intraday top of late. Upbeat RSI, break of short-term resistance direct bulls toward 100-SMA hurdle. Previous resistance, weekly support line challenge pullback moves. NZD/USD refreshes intraday high around 0.6950, up 0.35% on a day following China’s Caixin Services PMI data release during early Friday. In doing so, the kiwi

Silver witnessed a modest intraday pullback from the $22.80 confluence hurdle.Neutral technical indicators warrant caution before placing fresh directional bets. Silver struggled to capitalize on its modest intraday uptick to one-and-half-week tops and once again started retreating from the $22.80 resistance zone. The commodity refreshed daily lows during the early North American session and was

EUR/GBP maintain the selling bias on Thursday in the Asian session. Multiple support formations near 0.8500 make a critical level to trade. Momentum oscillators receding momentum hint at more downside in the pair. EUR/GBP edges lower on Thursday in the Asian trading hours. The pair hovers in a very narrow trade band with no meaningful

Gold managed to attract some dip-buying on Wednesday amid the risk-off impulse. A stronger USD capped any meaningful upside for the dollar-denominated commodity. Investors also seemed reluctant to place aggressive bets ahead of Friday’s NFP report. Gold Price Forecast: Why XAU/USD looks vulnerable below $1750? Gold reversed an intraday dip to multi-day lows and moved

USD/INR consolidates before the next push higher towards 75.00. The spot wavers inside a rising channel, awaiting a fresh impetus. Bullish RSI, crossover point to a test of the channel hurdle at 74.75. USD/INR is clinging onto the recent trading range around the midpoint of 74.00, having finished Tuesday almost unchanged despite a renewed upside

AUD/USD staged a rebound after declining to 0.7250. US Dollar Index stays calm below 94.00 ahead of PMI data. RBA left its policy settings unchanged as expected in October. The AUD/USD pair turned south during the Asian trading hours on Tuesday and fell to a daily low of 0.7250 before regaining its traction. As of

Update: Gold (XAU/USD) snaps three-day uptrend while easing to $1,766, down 0.16% intraday, during early Monday. The US Dollar Index (DXY) rebound, amid choppy Treasury yields and mildly offered stock futures, could be held responsible for the latest consolidation in gold prices. Although US President Joe Biden’s readiness to trim the demand over infrastructure spending

Here is what you need to know on Monday, October 4: No Time to Die is kicking up a storm in the UK and is due to do the same for the US when it is out on Thursday so AMC apes get ready for some strong audience numbers if the UK experience is anything

WTI refreshes intraday low as bulls take a breather around multi-month high. Market sentiment stays firmer but hopes of supply increase from OPEC weigh on energy prices. China off, Evergrande fears and tapering tantrums also challenge the oil bulls. US Factory Orders, OPEC meeting eyed for fresh impulse. WTI remains pressured around the intraday low

AUD/USD recovery from 0.7170 loses steam at 0.7270 area. The US dollar extends its pullback despite bright US data. The aussie remains offered while below 0.7390 – Commerzbank. The Australian dollar has appreciated against the USD for the second day in a row on Friday, to consolidate at 0.7270 after bouncing up from 0.7170 lows earlier