Commerzbank’s Norman Liebke notes that the Reserve Bank of New Zealand (RBNZ) surprised markets by holding at 2.75%, even as it signalled further hikes will likely be needed. He sees limited medium-term upside for New Zealand Dollar (NZD), arguing market pricing of around four hikes by next September is too hawkish and expecting the Kiwi […]
The Indian Rupee (INR) gives back its opening gains and turns slightly negative against the US Dollar (USD) on Wednesday. The USD/INR pair ticks up to near 95.16 as the Indian currency underperforms due to multiple headwinds, such as the oil price recovery and caution ahead of the Federal Reserve’s (Fed) monetary policy announcement. In […]
ING analysts Warren Patterson and Ewa Manthey say Brent remains elevated near $114 as investors await clarity on President Trump’s Iran policy after the US midterm elections. They argue the market has priced a higher chance of re‑escalation, but note that an absence of renewed strikes on Iran after the vote could be enough for […]
UOB’s Quek Ser Leang and Lee Sue Ann note EUR/USD’s downside bias has intensified after the pair broke below 1.1135 faster than expected, reaching 1.1121. Intraday, they see strong but stretched downside momentum, limiting a clear break under 1.1095, with support at 1.1110 and resistance at 1.1145/1.1160. Over 1–3 weeks, they still look for a […]
Key takeaways Silver Technical Analysis Fundamental and Market Context The gold-to-silver price ratio continues to rise toward the 5-year and 10-year averages. Source: Bloomberg Finance LP, XTB The sell-off in silver is not matched by ETF holdings behavior, showing that the current decline in silver prices may lack long-term fundamentals. On the other hand, if […]
The Indonesian rupiah remains under significant pressure, trading around IDR 18,170 per US dollar and approaching its reported July record low of IDR 18,280. A stronger US dollar, uncertainty surrounding Indonesia’s international equity-market status and concerns over government spending are weighing on investor sentiment. The currency faces a combination of external and domestic pressures. The […]
The AUD/USD pair trims a part of its intraday gains to a fresh one-month high, touched during the Asian session on Wednesday in reaction to hot Australian consumer inflation figures. Spot prices, however, retain a positive bias for the second straight day and currently trade around the 0.7030 region, up just over 0.10% for the […]
USD/CHF gains ground for the fourth consecutive day, trading around 0.8300 during Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground amid market caution ahead of the US Federal Reserve’s (Fed) interest rate decision due later in the day. Investors are also closely monitoring key economic releases, including GDP growth […]
AUD/JPY extends its gains for the fourth successive day, trading around 111.30 during Asian hours on Wednesday. The currency cross gains support as the Australian Dollar (AUD) receives support following the release of the domestic Consumer Price Index (CPI) report. Australia’s CPI inflation rose to 4.3% year-over-year in September, up from 4.0% in August and […]
The EUR/USD pair holds steady near 1.1125 during the early Asian session on Wednesday. Traders prefer to wait on the sidelines and avoid taking big positions ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday. Attention will shift to the European Central Bank (ECB) policy meeting later on Thursday. The Fed is […]