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Forex
EUR/USD Price Analysis: Slight end-of-week rebound fails to break key resistance
EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline.
RSI rises sharply to 37, remaining in negative territory and reflecting…
US Dollar sees PCE data no making any changes to Fed’s forecast
The US Dollar is residing not far from its fresh two-year high level seen in Asian trading on Friday
Quadruple Witching – the simultaneous expiration of…
Mexican Peso advances further as US PCE inflation misses estimates
The Mexican Peso picks up from lows as the US Dollar pulls following US PCE inflation data.
The MXN bounced up on Thursday after Banxico confirmed…
CAD steadies but retains a weak bias – Scotiabank
The Canadian Dollar (CAD) is little changed in overnight trade. Factors driving the CAD lower this week have moderated and the USD remains quite significantly…
USD/JPY dips to test a previous top at 156.60 following hot Japanese inflation
The Yen trims some losses following higher than expected inflation levels in Japan.
The hot inflation figures have increased hopes of a BoJ hike in January.…
DXY: All eyes on the core PCE report – OCBC
US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong notes.USD continues…
EU lowers corn and wheat output estimates – ING
In its latest cereals market situation report, the European Commission estimated that the bloc’s grain production could fall to 255.8mt for the 2024/25 season,…
Pound Sterling attempts to gain ground after UK Retail Sales data
The Pound Sterling finds cushion after the release of the UK Retail Sales data for November, even though growth was lower than anticipated.
A higher number…
AUD/JPY falls below 98.00 following stronger inflation from Japan
AUD/JPY depreciates after the release of stronger-than-expected inflation data from Japan on Friday.
Japan's National Consumer Price Index climbed to a…
USD/CAD moves toward multi-year highs above 1.4400 due to risk aversion, lower Oil prices
USD/CAD appreciates toward 1.4467, the highest level not seen since March 2020.
The US Dollar strengthened as the Fed may adopt caution regarding additional…