Euro maintains the upward bias unchanged near 1.0600

Share: The Euro gathers fresh upside traction against the US Dollar. Stocks in Europe extend the weekly losses. EUR/USD climbs to daily highs and trades closer to 1.0600. The USD Index (DXY) appears well supported by 106.00. Markets continue to digest Fed Chairman Powell’s comments. The Euro (EUR) adds to Thursday’s advance against the US Dollar… ادامه خواندن Euro maintains the upward bias unchanged near 1.0600

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Japan’s financial system has been maintaining stability on the whole

Share: The latest Bank of Japan (BoJ) Financial System Report published on Friday revealed that “Japan’s financial system has been maintaining stability on the whole.” Additional quotes Japanese banks have sufficient capital bases to perform financial intermediation activities appropriately even amid the global tightening of financial conditions and the resultant various types of… ادامه خواندن Japan’s financial system has been maintaining stability on the whole

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USD/JPY holds steady after Japan’s National CPI, remains below 150.00 intervention level

Share: USD/JPY attracts some dip-buying on Friday, albeit lacks any strong follow-through. The divergent BoJ-Fed policy stance turns out to be a key factor acting as a tailwind. The risk-off mood undermines the JPY amid intervention fears and caps the upside. The USD/JPY pair ticks higher during the Asian session on Friday and… ادامه خواندن USD/JPY holds steady after Japan’s National CPI, remains below 150.00 intervention level

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Canadian Dollar hung up in the middle as markets focus on Fed’s Powell

Share: The Canadian Dollar spent Thursday mostly hung in place on the charts before catching a moderate bid. Canada Raw Materials and Industrial Product Price beat expectations, but the market is focused elsewhere. Fed Chair Jerome Powell notes that policy is restrictive, but more could be needed, dropping the USD. The Canadian Dollar… ادامه خواندن Canadian Dollar hung up in the middle as markets focus on Fed’s Powell

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Investors to add to USD longs into year-end – CIBC

Share: Economists at CIBC Capital Markets still see additional scope for investors to add to US Dollar longs into the end of this year. Higher for longer means the US Dollar gets stronger The US economy is less vulnerable to ‘higher for longer’ rates. We expect investors to add to USD longs as… ادامه خواندن Investors to add to USD longs into year-end – CIBC

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EUR/PLN expected at 4.35 by year-end – SocGen

Share: Economists at Société Générale revise their EUR/PLN forecast down to 4.35 in the fourth quarter. Stronger PLN We are revising our EUR/PLN baseline forecast lower, starting with 4Q23. Our original 4Q23 forecast was 4.60, as many pre-election polls were indicating a strong possibility of a hung parliament. That scenario might have led… ادامه خواندن EUR/PLN expected at 4.35 by year-end – SocGen

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USD/CHF attracts some buyers below the 0.9000 barrier, Fed’s Powell speech, Swiss trade data eyed

Share: USD/CHF gains momentum around 0.8993 amid a rise of US Treasury bond yields, firmer USD. The Fed Beige Book update showed the US economic outlook had “little to no change” between September and early October. The escalating tension in the Middle East might lift the Swiss Franc (CHF). Investors will monitor the… ادامه خواندن USD/CHF attracts some buyers below the 0.9000 barrier, Fed’s Powell speech, Swiss trade data eyed

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NZD/USD shedding chart space, testing 2023 lows for the year near 0.5850

Share: The NZD/USD is trading into the floor, inches away from setting a new low for 2023 below 0.5846. Market sentiment has receded as investors see jitters over geopolitical tensions. Markets looking ahead to Fed Powell appearance later on Thursday, followed by NZ Trade Balance figures. The NZD/USD slipped even further on Wednesday,… ادامه خواندن NZD/USD shedding chart space, testing 2023 lows for the year near 0.5850

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Pound Sterling Price News and Forecast: GBP/USD under selling pressure

Share: The Pound Sterling (GBP) trimmed some of its earlier losses versus the US Dollar (USD) but remained on the defensive, registering modest losses of 0.%, as the GBP/USD exchanges hands at 1.2166 after hitting a daily high of 1.2211. Read More…   The Pound Sterling (GBP) faced selling pressure near 1.2200 after a… ادامه خواندن Pound Sterling Price News and Forecast: GBP/USD under selling pressure

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Extra losses target the 1.0500 region

Share: EUR/USD comes under pressure following two daily advances. Further weakness could put the 1.0500 region back on the radar. EUR/USD sets aside part of the positive first half of the week and revisits the 1.0550 region on Wednesday. In case sellers regain the upper hand, the pair could put the 1.0500 neighbourhood… ادامه خواندن Extra losses target the 1.0500 region

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