Author: FX
The Pound Sterling (GBP) is slightly weaker against the dollar, underperforming most G10 peers as renewed political uncertainty triggers brief volatility in the gilt market, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Gilt volatility weighs on Pound”The pound is soft, down a fractional 0.1% vs. the USD and relative underperformer against all of the G10 currencies with the exception of JPY. Renewed political uncertainty appears to generating some modest turbulence in the UK gilt market with yields jumping (and subsequently reversing) about 4bpts on rumors of a potential challenge to PM Starmer’s leadership.” “The prospect of renewed…
With all the headlines centering around Greenland, it’s easy to overlook this bit involving the US Supreme Court yesterday. The court justices were involved in hearing arguments over US president Trump’s efforts to fire Fed governor Lisa Cook. And some of the comments made were worth taking note of.To provide some backdrop, solicitor general John Sauer is the one tasked with arguing why Trump should be allowed to sack Cook. And the justices are the ones hearing that argument and rightfully question the intention and rightfulness of the matter.Justice Brett Kavanaugh, appointed by Trump himself, offered some strong words in…
Here is what you need to know on Thursday, January 22:Market mood improves in the second half of the week as tensions between the United States (US) and the European Union (EU) ease. In the American session, the US Bureau of Economic Analysis will publish a revision to the third-quarter Gross Domestic Product (GDP) data and release the Personal Consumption Expenditure (PCE) Price Index figures for October and November. Additionally, investors will pay close attention to the weekly Initial Jobless Claims data. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed…
The SSL Hybrid is a channel-based technical analysis tool that plots two lines above and below price action to identify trend direction. “SSL” stands for “Semaphore Signal Level,” though most traders simply focus on what the indicator does rather than the name’s origin. At its core, the indicator calculates two channels using a baseline moving average (typically based on closing prices). When price trades above the baseline, the upper channel activates and turns one color (often green or blue). When the price drops below the baseline, the lower channel takes over with a contrasting color (red or orange). This visual…
Gold has been on a steady climb with higher lows connected by a rising trend line that’s been holding so far this year. Can another test of support attract more buyers? Better keep your eyes on these inflection points on the hourly chart! Gold (XAU/USD) 1-hour Chart by TradingView The safe-haven precious metal has drawn plenty of support over the past weeks, from Greenland-related geopolitical tensions to Europe’s threats to dump Treasuries, not to mention the Middle East conflict and challenges to Fed independence. Upcoming U.S. core PCE price data could also contribute to XAU/USD volatility, as the Fed’s preferred…
Trend-trading traders huddle up! USD/JPY just bounced from a key trend support zone. Think the pair will extend its weeks-long uptrend in the next trading sessions? USD/JPY 4-hour Forex Chart by TradingView The U.S. dollar is clawing back some early losses after U.S. President Trump stepped back from additional tariffs on European goods, easing U.S.-EU trade war fears. The Japanese yen is not seeing the same bounce, as traders stay cautious ahead of this week’s Bank of Japan policy update and an upcoming parliamentary snap election. Remember that directional biases and volatility conditions in market price are typically driven by…
Australia’s labor market delivered a robust performance in December 2025, with employment surging stronger than expected at 65.2K versus the 28.3K consensus and the unemployment rate falling more than anticipated from 4.3% to 4.1%. Key Takeaways Employment jumped by 65,200 in seasonally adjusted terms (vs. modest expectations), driven by strong gains in both full-time (+54,800) and part-time (+10,400) positions Unemployment rate declined to 4.1% from 4.3% in November, beating expectations and marking a 0.2 percentage point improvement Participation rate edged higher to 66.7%, suggesting continued labor market engagement despite economic headwinds Underemployment fell sharply to 5.7% from 6.2%, indicating improving…
Goldman lifted its end-2026 gold target to $5,400/oz, from $4,900, arguing private allocations are building and central banks will keep adding to reserves.Summary:Goldman raises Dec 2026 gold forecast to $5,400/ozBank cites stronger private investor diversificationCentral-bank buying seen averaging 60 tonnes in 2026EM reserve diversification viewed as structuralCall implies stronger medium-term demand underpinningGoldman Sachs has raised its December 2026 gold price forecast by $500 to $5,400/oz, arguing that the next leg of the move is being reinforced by a combination of stronger private-sector allocation and ongoing, structurally driven central-bank demand.In its latest update, Goldman said private sector diversification into gold to…
Will U.S. inflation data give Trump more reason to pressure the Fed into cutting rates? Expectations are pointing to a meager 0.1% month-on-month uptick in price pressures, though data distortions from the government shutdown could still cloud the picture. Here’s what to look out for in the latest core PCE price index. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link
The NZD/USD pair gains momentum to around 0.5850 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges higher against the Greenback amid risk-on sentiment as US President Donald Trump touts a Greenland deal. Traders brace for the final reading of US Gross Domestic Product (GDP) for the third quarter (Q3), weekly Initial Jobless Claims and Personal Consumption Expenditures (PCE) Price Index data, which will be released later on Thursday.Trump said on Wednesday that he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland. He added that a “framework…