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Today Markets Analysis: USD/CHF extended its rebound on Friday, climbing more than 0.40% as stronger-than-expected US inflation data, following Thursdayโs firmer producer-price figures, prompted markets to reassess expectations for the Federal Reserveโs next policy decision. The pair broke above the September high at 0.8156, strengthening the near-term bullish technical outlook. USD/CHF Gains as US Inflation […]
Today Markets Analysis: USD/CNH has rebounded sharply after briefly testing below 6.7050, with the recovery signalling that bearish momentum is beginning to fade. United Overseas Bank now sees a modest upside bias over the next one to three weeks, although gains are expected to remain contained within a defined technical range. USD/CNH Rebounds Sharply USD/CNH […]
Today Markets Analysis: USD/SGD has staged a sharp rebound, with short-term momentum turning higher after the pair broke above previous resistance. However, the Singapore dollar remains supported by a relatively firm Nominal Effective Exchange Rate (NEER), while the 1.2705 area represents a significant technical barrier for further US dollar gains. USD/SGD Momentum Turns Higher USD/SGD […]
Today Markets Analysis: AUD/USD finished Friday higher but remained under pressure on a weekly basis as expectations of tighter Federal Reserve policy supported the US dollar. The pair closed around 0.7171, up 0.38% on the session but down approximately 0.45% for the week. Despite the broader weekly decline, technical momentum remains constructive and leaves scope […]
Today Markets Analysis: The Brazilian real strengthened to around 5.08 per US dollar in September, reaching a more than one-month high as softer-than-expected inflation reinforced confidence in Brazilโs macroeconomic outlook. The move comes as markets assess the outlook for the Banco Central do Brasil (BCB) and the countryโs still-attractive interest-rate differential. Inflation Eases Further Brazilโs […]
Today Markets Analysis: The Mexican peso remains firmly supported near a more than two-year high against the US dollar, with improving domestic economic data providing fresh fundamental support for the currency. USD/MXN was trading near 16.98, close to the 16.91 level reached on September 4, its strongest point in more than two years. Mexican Economic […]
The Euro (EUR) trades subduedly at around 1.1608 against the US Dollar (USD) during the European trading session on Friday. The major currency pair has remained in a tight range between 1.1566 and 1.1641 for over 10 days, but is likely to find direction after the release of the United States (US) Consumer Price Index […]
The Euro (EUR) retreated below 179.00 against the Japanese Yen (JPY) on Friday, as the mild recovery seen after Thursday’s European Central Bank (ECB) meeting failed to find follow-through above 179.50. The risk-averse sentiment amid the entangled Middle East crisis and investorsโ bets that the Bank of Japan (BoJ) will hike interest rates next week […]
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June. These figures reflect a 0.2% increase in Industrial Production, reversing June’s 0.2% decline, and a 0.9% jump in Manufacturing Production, its strongest growth in the last four […]
UK GDP grew by 0.4% m/m, compared with expectations of 0.0% and 0.3% previously. GBPUSD chart (H1 interval) Source: xStation5
