Author: FX

EUR/CHF daily chartThe pair moved up to contest its 200-day moving average (blue line) in January but sellers held on at the time. And this week, we’re seeing more of the same stuff. There was an attempt to break above the key technical level yesterday and earlier today but it looks like buyers are not finding enough conviction just yet.A more positive risk appetite is helping, as Trump looks to be using tariffs as a negotiating tactic more so than any real “all hell breaks loose” scenario. Besides that, he also looks to be playing the mediator in the Russia-Ukraine…

Prior +0.6%Core CPI +1.2% y/yPrior +0.7%Headline annual inflation eased to start the year but core annual inflation is seen accelerating back above 1% in January. As a whole though, Swiss inflation remains well under control and it tees up for another rate cut by the SNB for next month. The central bank can take in some comfort from the latest geopolitical developments involving Russia and Ukraine as that could ease the downside pressure on EUR/CHF i.e. franc strength. This article was written by Justin Low at www.forexlive.com. Source link

FX option expiries for Feb 13 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0300 1.1b 1.0375 1.6b 1.0400 1.7b 1.0425 787m 1.0475 768m 1.0500 2.6b GBP/USD: GBP amounts      USD/CAD: USD amounts                                  1.4240 598m 1.4300 1.1b 1.4375 985m 1.4400 457m Source link

Israel seen as likely to attack Iran by midyear, Washington Post reports Source link

A recent upswing took GBP/JPY above a key resistance zone, opening the door to a possible longer-term trend reversal. Is GBP/JPY gearing up for an upside breakout? Let’s check out the pair’s 4-hour chart: GBP/JPY 4-hour Forex Chart by TradingView U.S. officials hinting at exemptions to Trump’s tariff plans and traders shrugging off Uncle Sam’s hotter-than-expected January CPI print got traders taking on more risks on Wednesday. European currencies like the British pound, in particular, got an extra boost from the possibility of a peace deal between Russia and Ukraine. Meanwhile, the Japanese yen took a hit across the board…

The first U.S. CPI report of 2025 came in hotter than expected, with headline inflation rising 0.5% in January after December’s 0.4% increase. This pushed the year-over-year rate up to 3.0% from 2.9%. Core CPI, which strips out volatile food and energy prices, climbed 0.4% for the month and 3.3% annually, suggesting underlying price pressures remain stubborn. Link to the official U.S. CPI Report (January 2025) Details from the report gave clues on what may have driven January’s increase: Shelter costs rose 0.4%, accounting for nearly a third of the monthly gain Energy jumped 1.1% as gasoline prices increased 1.8%…

Consolidation was the name of the game early in the day, as market players were biting their nails ahead of the U.S. CPI release. Volatility picked up much later on, leading to diverging price action among higher-yielders, as individual catalysts also came in play. Here’s how asset classes reacted to the inflation figures and other major headlines. Headlines: Japan’s preliminary machine tool orders up 4.7% y/y in January (previous reading upgraded from 11.2% to 12.7%) BOJ Governor Ueda warned that higher food prices and int’l tariffs may impact inflation expectations API crude oil inventories up by 9.043M barrels (2.8M forecast)…

TD economists suggest that while the latest Consumer Price Index (CPI) report is not encouraging from the Federal Reserve’s perspective, it should not be viewed as a signal of sustained inflationary pressures. The firm cautions against extrapolating January’s strength into the medium-term inflation outlook, emphasizing that the key takeaway is that the data will likely keep the Fed on the sidelines for now—aligning with TD’s long-standing view.Despite the inflation surprise, TD maintains that the Fed will preserve its easing bias, remaining in a wait-and-see mode as it looks for further clarity from upcoming economic data. The firm continues to expect…

  Forex traders often struggle to understand how news affects the market. News can cause big price swings in currency pairs. This article explains how forex news impacts trading and offers tips on how to handle it. Learn to trade smarter with the news. Key Takeaways Forex news causes big price swings in currency pairs, affecting financial market volatility and creating trading chances. Economic data releases, such as GDP and inflation reports, move currency prices. On July 31, 2008, the U.S. Q2 GDP report of 1.9% (below the expected 2.3%) caused sharp dollar pair fluctuations. Central bank decisions impact forex…

Gold halts losses despite US CPI jumping above 3% in January. Traders slash Fed rate-cut bets to just 30 bps for 2025. US Dollar erases gains after Powell and Fed officials stay hawkish. Gold price recovered some ground late during Wednesday’s North American session. Federal Reserve (Fed) Chair Jerome Powell said that policy needs to remain restrictive as inflationary pressures mount and United States (US) President Donald Trump’s tariff threats intensify. XAU/USD trades at $2,897, virtually unchanged. The non-yielding metal halted its downtrend after the US Bureau of Labor Statistics (BLS) revealed that inflation jumped above 3% in the United…