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Finance
Last chance to short $OSE:NK2251! OSE:NK2251! formed top 73000 at 23 June, move downward and formed wave 1 & 2. The key point to confirm downtrend is 66500. If drop below, the 1st target is 63000 (wave 3) and rebound to…
Finance
The Bank of Mexico (Banxico) Deputy Governor Jonathan Heath said that the central bank can wait to reduce interest rates, signaling that further easing is possible but in about a year or more, as he qualified the curren…
Finance
The Mexican Peso appreciates against the US Dollar on Thursday, with the latter weakening amid a dovish tilt by Fed Governor Waller and speculation about an FX market intervention to boost the Japanese Yen. The USD/MXN …
Finance
USD/CAD extends its decline for the second consecutive day on Thursday as broad US Dollar (USD) weakness and the Bank of Canada’s (BoC) hawkish message at its September policy meeting support the Canadian Dollar (CAD). …
Finance
Scotiabank’s Global FX Strategy team reports the British Pound (GBP) is flat versus the US Dollar (USD) but softer on crosses, with UK PMI data offering little new insight. Markets price minimal tightening for the Septe…
Finance
Bank of England (BoE) Chief Economist Huw Pill reiterated his support for raising the Bank Rate to 4.00%, arguing that policymakers cannot wait for uncertainty surrounding the Middle East conflict and energy prices to r…
Finance
ING economists Bert Colijn and Carsten Brzeski argue that the Eurozone’s long-standing export-led growth model is being structurally eroded by higher energy costs, rising Chinese competition and a changing global trade …
Finance
USD/JPY extends its decline for a second consecutive day and trades around 155.40 on Thursday at the time of writing, down 2.07% on the day. The pair comes under strong selling pressure as the Japanese Yen (JPY) benefit…
Finance
The Pound Sterling rises against the US Dollar on Thursday, as Fed Governor Christopher Waller favors holding the rate unchanged, shifting to a more neutral stance regarding monetary policy, while data showed that the U…
Finance
The global monetary landscape has long hinged on the symbiotic relationship between oil and the US dollar, a system commonly referred to as the petrodollar regime. Since the 1970s, oil has been almost exclusively priced…
Finance
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 c…
Finance
Gold (XAU/USD) extends its rebound on Thursday after slipping below $4,300 to a nearly four-week low on the previous day. A sharp rally in the Japanese Yen (JPY) weighs on the US Dollar (USD), while a pullback in US Tre…
Finance
Derek Halpenny at MUFG notes the Canadian Dollar’s (CAD) immediate advance after the Bank of Canada left rates unchanged at 2.25% but signalled greater concern over inflation. Communications hinted at a possible earlier…
Finance
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $65.88 per troy ounce, up 0.87% from the $65.31 it cost on Wednesday.
Finance
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.
Finance
On Thursday, we’ll get the latest read on the US service sector when the Institute for Supply Management (ISM) publishes its August gauge. Consensus points to a marginal improvement to 54.3 from July’s 54.1. If confirme…
Finance
GBP/USD edges lower after opening at a bullish gap, remaining within positive territory and trading around 1.3290 during the Asian hours on Tuesday. The currency pair is under pressure as the US Dollar (USD) stabilizes,…
Finance
Commerzbank’s Tatha Ghose notes that NBP Governor Adam Glapinski used G20 remarks to shift towards a more neutral, flexible stance, avoiding earlier dovish hints of imminent rate cuts. With August CPI surprising hawkish…
Finance
USD/JPY extends its losses for the second consecutive day, trading around 156.80 during the European hours on Thursday.
Finance
The FX space was shaken by a sharp move in USD/JPY yesterday, which prompted intervention fears. Today’s calendar includes US ISM services. Our view remains that risks are mostly on the upside for the dollar. Czech wage…
Finance
The Indian Rupee (INR) opens strongly against the US Dollar (USD) on Thursday, extending the rally to near 94.28. The Indian currency gains significantly as a juggernaut mobilisation of foreign exchange in India through…
Finance
USD/JPY has extended its winning streak to a fifth consecutive session on Friday, advancing 0.11% to 158.55 and printing intraday highs near 158.60 as the synchronized global bond rout has reshaped every cross-rate rela…
Finance
US Defense Secretary Pete Hegseth is extending troop deployment timelines across the Middle East, signaling the conflict could drag into 2027, the Wall Street Journal reported on Thursday.
Finance
The AUD/USD pair struggles to capitalize on the previous day's bounce from the 0.7120 region, or a nearly two-week low, and oscillates in a range during the Asian session on Thursday. Spot prices hold steady above mid-0…