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24
Nov

Won Falls as Capital Outflows Mount

The South Korean won depreciated to around 1,472 on Monday, approaching its lowest level in more than seven months, as market sentiment remained pressured by concerns of continued capital outflows. The currency’s weakness has also been reflected in its real effective exchange rate, which dropped to 89.09 in October, marking its lowest level in roughly […]

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24
Nov

Offshore Yuan Holds Firm

The offshore yuan traded around 7.11 per dollar, moving sideways near a one-week high, as the central bank continued to guide the currency stronger. The People’s Bank of China set the midpoint at 7.0847 on Monday, firmer than Friday’s 7.0875 fix and the 7.1162 estimate, signaling its effort to stabilize the yuan. Analysts noted that […]

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22
Nov

Massive Sell-off in Crypto; Fed Cut in December ?

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22
Nov

Three Markets to Watch Next Week

In the upcoming week, it will be worth monitoring the following three instruments: Bitcoin, USDJPY, and US100. We selected them due to incoming macroeconomic data and their current technical levels. Each is now at a critical point: Bitcoin is fighting to maintain its trend in conditions of low liquidity, USDJPY is reacting to Japan’s largest fiscal […]

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22
Nov

U.K. Budget Preview

UK Budget preview: Can the Chancellor deliver growth while raising taxes? On Wednesday 26th November, the UK Chancellor will deliver her second full budget. This feels like a major political event, with economics on the side. It could determine whether Kier Starmer remains as Prime Minister, as well as attempting to balance the UK’s precarious books. […]

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21
Nov

Chart of The Day – USD/JPY

The USD/JPY exchange rate is currently around 156.7. Today’s trading is influenced by a complex mix of fundamental factors, where a strong dollar competes with potential interventions from Japan. The difference in monetary policy between the US and Japan still favors the dollar, but the risk of actions by the BOJ and the Japanese government […]

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21
Nov

USD/CAD dips below 1.4100; downside seems limited amid bullish USD, sliding Oil prices

The USD/CAD pair drifts lower during the Asian session on Friday and now seems to have snapped a two-day winning streak to a nearly two-week high, levels just above the 1.4100 mark, touched the previous day. Spot prices, however, bearish conviction and remain on track to register strong weekly gains amid the underlying bullish sentiment […]

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21
Nov

EUR/USD moves higher to near 1.1550 ahead of HCOB PMI data

EUR/USD edges higher after a flat previous day, trading around 1.1540 during the Asian hours on Friday. Traders await preliminary HOCB Purchasing Managers Index (PMI) data for November from Germany and the Eurozone due later in the day. Focus will be shifted toward the US S&P Global PMI data later in the North American session. The EUR/USD […]

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21
Nov

Australian Dollar holds ground as Australia Manufacturing PMI rises in November

The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair gains ground following the preliminary reading of Australia’s S&P Global Purchasing Managers Index (PMI). S&P Global Manufacturing PMI came in at 51.6 in November versus 49.7 prior. Meanwhile, Services PMI rose to 52.7 in November from the […]

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21
Nov

USD/INR trades steadily ahead of India/US flash PMI data

The Indian Rupee (INR) opens calmly against its major peers on Friday ahead of India’s preliminary HSBC Purchasing Managers’ Index (PMI) data for November, which will be published at 05:00 GMT (10:30 IST). Investors will pay close attention to India’s private sector PMI figures to get cues about the impact of Goods and Services Tax […]

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