Share: The Dollar is struggling to pursue its advance. Economists at analyze FX market outlook. Stronger growth in China enough to guide EUR/USD above 1.0635? Whether the USD will hold its ground may depend on whether pricing for December FOMC surpasses 50%. We are closely watching technicals in the DXY as bullish momentum… ادامه خواندن Bullish momentum is showing signs of exhaustion – SocGen
برچسب: شرق آسیا
Inflation likely to soften further in September
Share: The UK CPI report will be published by the Office for National Statistics on Wednesday. Headline and Core annual inflation are set to fall in September but will likely stay above 6.0%. The UK CPI data could offer cues on the BoE’s policy path and ramp up Pound Sterling volatility. The all-important… ادامه خواندن Inflation likely to soften further in September
Steady below 150.00, capped by Japanese intervention threats
Share: USD/JPY trades steadily around 149.70, a slight gain of 0.14%. Concerns about potential intervention by Japanese authorities cap the upside. Rising US Treasury bond yields provide support to the pair. The USD/JPY remains steady at around 149.70, capped on the upside by fears of intervention threats by Japanese authorities. the rise in… ادامه خواندن Steady below 150.00, capped by Japanese intervention threats
NZD/USD drops to two-week lows after upbeat US Retail Sales, clings to 0.5900
Share: NZD/USD bounces off a two-week low, trading around 0.5908. US Retail Sales for September surpass expectations; Industrial Production also beats forecasts. New Zealand’s Q3 CPI comes in below estimates, with a yearly rate easing to 5.6%. The New Zealand Dollar (NZD) remains defensive against the US Dollar (USD) and registers solid losses… ادامه خواندن NZD/USD drops to two-week lows after upbeat US Retail Sales, clings to 0.5900
Push through 1.0560 should allow a retest of 1.06+ – Scotiabank
Share: EUR/USD rebounds on firmer than expected ZEW survey results. Economists at Scotiabank analyze the pair’s outlook. Firm support on dips to the 1.0500 area Germany’s ZEW survey for October delivered better-than-expected results. The current assessment reading softened – but less than expected – to 79.9 (from 79.4 last month) while the expectations… ادامه خواندن Push through 1.0560 should allow a retest of 1.06+ – Scotiabank
The USD is likely to remain in demand as a safe haven – Commerzbank
Share: Economists at Commerzbank analyze USD outlook ahead of the release of the US September retail sales and industrial production data. USD to strengthen if the signs of a soft landing become stronger As far as the data calendar is concerned, retail sales and industrial production data are due to be published in… ادامه خواندن The USD is likely to remain in demand as a safe haven – Commerzbank
XAU/USD loses ground below $1,920, US Retail Sales, Chinese data eyed
Share: Gold price loses momentum around $1,915 as market sentiment rebounds. The rising geopolitical tensions in the Middle East could lift the safe-haven demand like Gold. US Retail Sales and Chinese growth numbers for Q3 will be closely watched events. Gold price (XAU/USD) trades in negative territory for the second consecutive day during the… ادامه خواندن XAU/USD loses ground below $1,920, US Retail Sales, Chinese data eyed
Eyes top of Ichimoku cloud on risk-appetite, buyers target 158.00
Share: EUR/JPY trades with a 0.47% gain, bouncing from daily lows of 156.98. Technical indicators suggest potential upward movement, targeting the October 12 high. A successful breach of the Kumo top could pave the way to the YTD high of 159.76. The EUR/JPY pair tests the top of the Ichimoku Cloud (Kumo), at… ادامه خواندن Eyes top of Ichimoku cloud on risk-appetite, buyers target 158.00
Target reduced from 1.15 to 1.12 – Commerzbank
Between mid-July and early October, the US Dollar gained more than 7% against the average of the G10 currencies. Commerzbank’s forecast table contains less USD weakness than previously. Is the US recession coming? Please keep in mind: if a US recession occurs, we still consider EUR/USD levels above 1.12 likely. With the more cautious forecast,… ادامه خواندن Target reduced from 1.15 to 1.12 – Commerzbank
Oil whipsaws as markets determine equilibrium between demand and supply
Share: Oil (WTI) trades near $86 and looks likely to break back above $88. The US Dollar closed out last week with another weekly gain, though the highs point to a retreat from the bulls. Oil could recover though the threat of recent supply cuts being lifted is a threat to further upside. … ادامه خواندن Oil whipsaws as markets determine equilibrium between demand and supply