NZD/USD RECOVERS FROM ONE-WEEK LOW AMID SOFTER USD, UPSIDE POTENTIAL SEEMS LIMITED NZD/USD bounces from a one-week low touched in reaction to the mixed domestic jobs report. A positive risk tone underpins the safe-haven USD and offers support to...
NZD/USD RECOVERS FROM ONE-WEEK LOW AMID SOFTER USD, UPSIDE POTENTIAL SEEMS LIMITED NZD/USD bounces from a one-week low touched in reaction to the mixed domestic jobs report. A positive risk tone underpins the safe-haven USD and offers support to...
USD/CAD STRUGGLES NEAR MULTI-WEEK LOW AMID WEAKER USD, UPTICK IN OIL PRICES USD/CAD stages a modest bounce from a six-week low touched earlier this Thursday. The post-FOMC USD selling, bullish crude oil prices could cap any attempted recovery. Investors...
GBP/USD: BULLS GATHER STRENGTH TO TAKE ON 50 DMA AHEAD OF US GDP GBP/USD firming up amid less hawkish Fed outcome. Rallying yields trigger a fresh rebound in the US dollar. GBP bulls aim for the 50 DMA ahead...
AUD/USD SITS NEAR MONTHLY HIGH, AROUND 0.7000 MARK AS TRADERS AWAIT US GDP REPORT AUD/USD is seen consolidating near a multi-week high set earlier this Thursday. The post-FOMC USD selling bias continued lending some support to spot prices. Recession...
NZD/USD: SHORT-TERM UPSIDE MOMENTUM IMPROVES – UOB In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, NZD/USD could revisit the area north of the 0.6300 yardstick in the next weeks. KEY QUOTES 24-hour view:...
USD/JPY RISKS A PROBABLE DROP TO 135.00 – UOB Further downside pressure carries the potential to drag USD/JPY to the 135.00 area in the short-term horizon, note FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. KEY QUOTES...
GOLD PRICE FORECAST: XAU/USD BULLS EYE $1,732-33 HURDLE, FOCUS ON US DATA, FED Gold price rebounds towards 100-SMA resistance after a softer start to the key week. US dollar weakness underpins XAU/USD up-moves but risk-aversion tests buyers. US Consumer...
STEEL PRICES ADVANCE AS MONSOON SEEMS OVER IN CHINA, AUTO SALES ACCELERATE Steel prices have rebounded firmly as higher passenger vehicles retail sales escalate hopes for recovery. Russia is offering steel at lucrative discounts to cater mass market of Asia....
USD/JPY SURPASSES 135.50 AS DXY RECOVERS, FED’S PRE-ANXIETY HIT MARKET MOOD USD/JPY has crossed 135.50 as the DXY has rebounded firmly ahead of Fed policy. An interest rate decision by the Fed will widen the Fed-BOJ policy divergence. The...
RBNZ’S ORR: IN ADDITION TO THE REMIT REVIEW, WE ARE ALSO REVIEWING OUR RECENT PERFORMANCE Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Tuesday that it is undertaking a review of its recent performance in conducting...