FX

Share: EUR/JPY fades Monday’s drop and climbs to the 158.00 region. Further side-lined trade appears favoured so far. EUR/JPY sets aside Monday’s small pullback and resumes the upside to the boundaries of the 158.00 zone on Tuesday. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a

Share: USD/INR holds below the 83.20 mark after the Reserve Bank of India (RBI) rate decision. RBI maintained a status quo on rates for the fourth consecutive time at 6.5%. US Initial Jobless Claims improved to 207,000 from 205,000 in the previous week. The US Nonfarm Payrolls will be a closely watched event for traders on Friday.

Share: Asian equities trade higher amid the light volume due to holidays in China and India. Chinese Caixin/S&P Global Manufacturing PMI dropped to 50.6 in September vs. 51.0 prior. BoJ Governor Kazuo Ueda said that there was “a distance to go” for BoJ before exiting its ultra-loose monetary policy. The Reserve Bank of India (RBI)

Share: Australian Dollar holds ground above 0.6350 after soft Retail Sales data.  Australia’s Retail Sales reported a 0.2% print, lower than the expected 0.3%. US Dollar continues to strengthen on higher US Treasury yields, coupled with upbeat economic data. The Australian Dollar (AUD) hit a 10-month low on Wednesday. However, the AUD/USD pair holds ground

Share: The EUR/GBP made a late-week break for the 0.87 handle. The Pound Sterling continues to give up ground after a dovish BoE shrank from rate hikes, EU PMI figures came in mixed, keeping Euro gains restrained. The EUR/GBP stretched for the 0.8700 major handle in Friday trading, closing the week with over a full

Share: GBP/USD continues with its struggle to register any recovery from a multi-month trough. Traders opt to wait for the UK CPI and FOMC decision, ahead of Thursday’s BoE meeting. The setup favours bears and suggests that the path of least resistance is to the downside. The GBP/USD pair extends the previous day’s rejection slide

Share: As US economic data strengthens the dollar, GBP/USD trades at 1.2397, slipping below its 200-day Moving Average. Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back. With U.S. 10-year Treasury yields at 4.326% and a solid US economy, the

Share: Key points Saudi Arabia and Russia are extending production cuts, with Goldman Sachs predicting oil prices could reach $107 next year. Baker Hughes, a drilling and production services company, leads the machinery and equipment sector. Diamondback Energy and Pioneer Natural Resources are top performers in the oil and gas exploration and production sub-industry. 5 stocks

Share: USD/CAD drifts lower during the Asian session on Friday amid a modest USD weakness. A combination of factors warrants some caution before positioning for any meaningful slide. Traders now look forward to the monthly Canadian employment details for a fresh impetus. The USD/CAD pair meets with some supply during the Asian session on Friday

Share: Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. Gold price attracts fresh buying on the first

Share: Asian stock markets trade mixed on Thursday ahead of the US inflation data.  Chinese Manufacturing and Service PMI deteriorated further in August.  Bank of Japan (BoJ) policymaker said that they need more time to transition to monetary tightening.  Investors will focus on the US inflation and labor data later in the day.  Asian stock

Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds complexity to

Share: USD/INR trades with a negative bias for the third successive day on Wednesday. A modest USD selling is seen as a key factor acting as a headwind for spot prices. The technical setup still supports prospects for the emergence of some dip-buying. The USD/INR pair struggles to capitalize on the previous day’s late rebound

Share: GBP/USD retreats from daily highs and losses for the second day in the week but remains set to finish the week on a higher note. Retail Sales in the United Kingdom (UK) were softer, but most data supports the Bank of England’s (BoE) case for a rate hike at its upcoming meeting. The GBP/USD is trading

Share: GBP/USD struggles to cheer US Dollar’s retreat near 1.2700 ahead of UK employment, US Retail Sales data GBP/USD sticks to mild gains around 1.2700 as market players brace for the top-tier UK/US statistics on early Tuesday. That said, the Cable pair recently bounced off the lowest level in 1.5 months amid the US Dollar’s

Share: GBP/USD remains on the defensive below the 1.2700 area, UK GDP eyed The GBP/USD pair remains on the defensive around 1.2680 during the early Asian session on Friday. Market participants turn cautious ahead of the top-tier economic data released from the UK and US. Market players anticipated that the UK could avoid the recession

Share: USD/CAD consolidates in a range around the 50% Fibo. through the Asian session on Monday. The fundamental backdrop favours bullish traders and supports prospects for additional gains. A sustained break below the 1.3225 area is needed to negate the near-term positive outlook. The USD/CAD pair kicks off the new week on a subdued note

Share: GBP/USD bears occupy driver’s seat at three-week low despite latest inaction. Indecision between BoE’s 0.25% and 0.50% rate hike keeps Cable traders on sidelines of late. Fears of UK recession, bullish bias about US Dollar and firmer yields weigh on Pound Sterling price. US ISM Services PMI, clues for Friday’s NFP also eyed for