FX

Share: GBP/USD Forecast: Pound Sterling could edge lower if 1.2680 support fails GBP/USD staged a rebound in the second half of the previous week and erased a large portion of its weekly losses. The pair’s near-term technical outlook is yet to point to a build-up of bullish momentum as it holds steady at around 1.2700 in

Share: The US Dollar trades in the green in the aftermath of the weekly US Jobless Claims. Traders hear Fed’s Bostic call again for a steady-for-longer outlook.  The US Dollar Index failed to close above the important technical level of 103.40.  The US Dollar (USD) trades slightly higher in the aftermath of US Jobless Claims

Share: The Swiss Franc gained slightly against the Greenback on Friday after US Producer Price Index data fell short of estimates.  Overall PPI fell and core factory gate prices flatlined for three consecutive months. The data substantially increases the probabilities of interest rates falling in the US in the future.  The Swiss Franc (CHF) gained slightly on Friday

Share: The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Thursday, January 11 at 13:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States

Share: Mexican Peso gains against USD, with USD/MXN falling to 16.87 after US jobs data shows higher-than-expected employment growth. Banxico’s recent minutes highlight ongoing inflation challenges, affirming the need for stable interest rates. Economic data from the United States was mixed, though it maintains a Goldilocks scenario. US Treasury yields rise as market expectations for Fed

Share: On Friday, the S&P 500 index retreated from its Thursday’s local high of 4,793.30. However, by the end of the day, it rebounded from the daily low of around 4,752 and closed just 0.28% lower. The broad stock market’s gauge continued to trade relatively close to its January 4, 2022, all-time high of 4,818.62.

Share: The Euro wavers around 1.1050  in a choppy year-end trading session. Investors bets on Fed cuts in 2024 keep USD buyers in check. US data released on Thursday strengthened the case for a soft landing in Q4. ​​​The Euro (EUR) is trading moderately lower on Friday, weighed by a mild US Dollar recovery in a

Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh 15-week high on Friday as the broader market took one last opportunity to

Share: The Euro jumps to 1.1000 as the final US GDP disappoints.  US economic growth revised down to 4.9% in the third quarter from the previous 5.2% estimation. The focus is now on the US PCE Price Index for more cues on the Fed’s policy outlook. The Euro (EUR) extended gains on a thin pre-Cristmas session

Share: USD/JPY is down almost 2% from Monday’s opening bids. A pivot from the Fed saw the US Dollar decline sharply across the broader forex market. Next week pits the BoJ’s last rate call of the year against US GDP & PCE figures. The USD/JPY wrapped up the trading week struggling to develop momentum in

Share: Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the sequencing and extent of easing to come by the Federal, the Bank of England and the European Central Bank.  Fed to ease before the BoE or the ECB The market prices the ECB cutting before the Fed, which cuts before the UK MPC.

Share: Mullen said its new spoofing complaint will replace its short-selling litigation announced in August. Law firm says spoofing litigation could amounts to “billions” in compensation. MULN trades lower for fourth consecutive session on Friday. Traders wait for December 15 shareholder vote on reverse split.   Mullen Automotive (MULN) stock lost ground for the fourth

Share: Coinbase Global (NASDAQ: COIN) went public on April 14, 2021 with its Initial Public Offering (IPO) and the stock reached its peak on the same day. Subsequently, the cryptocurrency sector was hit hard by the bear market, causing COIN to lose 90% of its value over the following 21 months . Since the beginning of this year, Coinbase has shown an impressive

Share: Unemployment Rate increases to 3.8% in Canada in November, the highest since January 2022.  Canadian economy adds 24,900 jobs, surpassing expectations of 15,000.  Canadian Dollar rises modestly after the report, USD/CAD holds near two-month lows.  The Unemployment Rate in Canada rose from 5.7% in October to 5.8% in November, as expected, Statistics Canada reported

Share: WTI Oil saround $75 ahead of US opening bell. The US Dollar is trading flat as US trading session underpins the Greenback. Oil could sink below $70 if OPEC+ can not unify and come out with a set of supportive measures. Oil prices are reversing a touch on Monday near the US opening bell,

Share: The Greenback is unable to hold on to gains ahead of this week’s close.  US Traders are absent this Thursday as Thanksgiving and Black Friday will keep US trading desks closed. The US Dollar Index breaks below 104 again and is facing a loss for this Thursday and for this week’s performance overall.  The

Share: The AUD/JPY saw a late break higher in Friday’s broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds remain. The AUD/JPY snuck over the 97.50 level just ahead of the Friday closing bell,

Share: Producer inflation in the US continued to decelerate in October.  US Dollar Index stays in daily range above 104.00 after the PPI data. The Producer Price Index (PPI) for final demand in the US rose 1.3% on a yearly basis in October, down from the 2.2% increase recorded in September, the data published by the US