Brazilian Real: Exchange rate seen weaker into year-end – Rabobank
Institutional, Rabobank
Brazilian Real: Exchange rate seen weaker into year-end – Rabobank
Rabobank’s Mauricio Une and Renan Alves note that the Federal Reserve (Fed) raised rates by 25 bps and signaled a more restrictive stance, while Copom cut the Selic rate to 13.75%. The Brazilian Real (BRL) weakened slightly to BRL 5.1462 per USD but still outperformed most emerging peers. Rabobank expects a narrower rate differential and […]
by Currency Hedger
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- 1 month ago
CHF, Market Analysis, Technical Analysis
Trade of The Day – USD/CHF
Facts: USDCHF is trading above the 100-period moving average from D1 interval The pair bounced off the horizontal support area 0.8180 – 0.8205 Recommendation: Trade: Long position on USDCHF at market price Target: 0.8358 Stop: 0.8150 Opinion: USDCHF has been trading in an upward move recently. Looking at the pair at the D1 interval, one […]
by Currency Hedger
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- 1 month ago
German Ifo stronger than expected but DE40 loses
German Ifo business sentiment data came in slightly above expectations. The Ifo Business Climate Index pointed to a further improvement in corporate sentiment despite another increase in energy prices. Is Germany returning to growth? German companies assessed both current conditions and the outlook for the coming months more positively, while uncertainty continued to decline. Sentiment […]
by Currency Hedger
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- 1 month ago
Norges Bank raises intrest rates
Norwegian Monetary Policy Committee The deposit rate was raised by 25 bps. The market was not certain about Norges Bank’s decision, although most analysts leaned toward a 25 bps hike. It is justified mainly by CPI inflation, which remains clearly above the target of around 2% (most recently 3.3%), and by wage growth of about […]
by Currency Hedger
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- 1 month ago
Energies, Market Analysis, Technical Analysis
Chart of the Day: OIL Returns to Gains. U.S.–Iran Talks Remain Deadlocked
Brent crude futures ( OIL ) are rising today following the contract rollover and are gradually moving back toward the $100 per barrel area. Talks between the U.S. side and the Iranian delegation failed to produce any breakthrough, while Tehran, in exchange for reopening the Strait of Hormuz, reportedly presented a highly demanding set of […]
by Currency Hedger
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- 1 month ago
Metals
XAG/USD falls to near $64.00 amid rising Fed rate hike odds
Silver price (XAG/USD) extends its losses for the second successive day, trading around $64.10 per troy ounce during the Asian hours on Thursday. Silver faces increased downward pressure as both the US Dollar (USD) and US Treasury yields surge, driven by hawkish Federal Reserve (Fed) expectations and resilient domestic economic indicators. The latest Flash US […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Gold flat lines below $4,300 as Fed hike bets cap upside ahead of Trump-Xi meet
Gold (XAU/USD) is consolidating near a one-week low, touched during the Asian session on Thursday, as traders wait on the sidelines ahead of a crucial meeting between US President Donald Trump and his Chinese counterpart Xi Jinping. Expectations for a major announcement are low, though market players will look for any progress on rare earths, […]
by Currency Hedger
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- 1 month ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar holds steady amid oil uncertainties, hawkish Fed sentiment
USD/CAD steadies after three days of gains, trading around 1.4100 during Asian hours on Thursday. The USD/CAD pair has moved little as the commodity-linked Canadian Dollar (CAD) maintains its position amid cautious sentiment surrounding oil prices. Crude oil prices may rise due to lingering uncertainty surrounding United States-Iran diplomatic talks. Speaking at the UN General […]
by Currency Hedger
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- 1 month ago
EUR, JPY, Technical Analysis
EUR/JPY Price Forecast: Softens below 180.00, bearish bias persists below 100-day SMA
The EUR/JPY cross trades in negative territory around 179.85 during the early European trading hours on Thursday. Intervention risks from Japanese authorities provide some support to the Japanese Yen (JPY) against the Euro (EUR). Germany’s IFO survey is due later on Thursday. Traders remain on high alert for currency intervention from Japanese officials, particularly given […]
by Currency Hedger
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- 1 month ago
CHF, Market Analysis, Technical Analysis
Swiss Franc strengthens ahead of SNB policy decision
USD/CHF loses ground after registering modest gains the previous day, trading around 0.8240 during Asian hours on Thursday. Traders await the Swiss National Bank (SNB) interest rate decision due later in the day. SNB seen holding rates as inflation forecast set for upgrade Economists at DBS Group Research expect the SNB to leave its policy […]
by Currency Hedger
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- 1 month ago