Author: FX
NZD/CAD recently fell through an ascending trend line, hinting at a likely reversal from the uptrend. Can it find more sellers on a retracement? Source link
Gold has spent the week reacting almost entirely to shifting Fed rate-hike expectations rather than to any fresh catalyst of its own, and today’s non-farm payrolls report is the next test of that repricing. Currently near $4,475, the metal has clawed back most of a sharp mid-week slide that took it lower than $4,300, its worst level in roughly a month. A weaker-than-expected payrolls print would reinforce the case for the Fed holding steady this month, supportive for gold, while a stronger number would push hike odds back up and likely pressure the metal. Central bank demand, including this week’s…
The EUR/USD pair trades on a flat note around 1.1625 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the US key employment report for August, which will be published later on Friday. Federal Reserve (Fed) Governor Christopher Waller said on Thursday that he is leaning toward keeping interest rates steady at the Fed’s September meeting provided there are no surprises from upcoming inflation data. His remarks seemed to contrast with hawkish statements last week from Chairman Kevin Warsh. Market-implied chance for a rate hike at the September policy meeting fell following Waller’s comments, with traders…
A bullish 50 SMA crossover above the 200 SMA puts GBP/USD in focus. Can buyers build on the signal and extend the rally? Source link
Deutsche Bank’s FX strategy team is out with a special report today that connects three things most people are still thinking about separately: the AI capital boom, asset tokenization, and the future of the dollar. The thesis from strategist Mallika Sachdeva is simple and uncomfortable. The US is going all-in on private foreign capital to fund both its AI buildout and its deficits, and blockchain rails are the tool being used to widen the funnel.The scale of the US reach for capital this year has no precedent.AI venture funding has topped $400bn in 2026, running at three times last year’s…
Commerzbank’s Singapore-based team highlights robust Singapore manufacturing and electronics PMIs, supported by an AI-driven semiconductor cycle, alongside upgraded MAS Survey GDP and export forecasts. With 2026 inflation expectations revised lower and MAS seen possibly steepening the SGD NEER slope in October, professional forecasters raised their median end-2026 USD/SGD forecast, while Commerzbank looks for near-term consolidation in a defined range.AI cycle supports Singapore Dollar”Singapore’s manufacturing sector strengthened further in August, with the PMI edging up to 51.5 from 51.4 in July, marking the 13th consecutive month of expansion. Encouragingly, new orders rose to 52.0 from 51.9 previously, new export orders were…
BOE Pill: Sees the need to raise the bank rate to 4.00%. GBPUSD moves higher on the news. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Societe Generale strategists highlight heavy USD/JPY turnover as the pair slid below its 200-day moving average, with leveraged accounts forced to cover shorts. They argue that potential Bank of Japan (BoJ) tightening cadence and bond repatriation flows ahead of fiscal year-end support a more constructive Japanese Yen outlook, though conviction hinges on Federal Reserve policy and rate spread dynamics.Heavy flows as Yen sentiment shifts”USD/JPY struggled to overcome the interim hurdle at 160.70/161, representing the 50-DMA, earlier this week and has since experienced a sharp pullback. It is worth noting that the pair could be forming the right shoulder of a…
Gold upside remains limited by Fed rate hike risks and Iran war; traders await US CPI for next direction !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Japan’s top currency diplomat Atsushi Mimura reiterates on Thursday that authorities remain ready to act in the foreign exchange market, as Tokyo continues to closely monitor currency moves.“We continue to stand ready on forex,” Mimura says, according to Reuters. Asked whether authorities had conducted rate checks with market participants, a practice that can precede an intervention, he declines to comment.Mimura also strikes a cautious tone on current market conditions, saying he is “neither at ease nor satisfied” with the situation.The comments therefore keep the possibility of intervention by Japanese authorities on the table, without providing confirmation that any concrete steps…