Category: Uncategorized

  • EUR/USD flat-lines around mid-1.0700s, traders await US CPI and FOMC decision this week

    EUR/USD flat-lines around mid-1.0700s, traders await US CPI and FOMC decision this week

    The EUR/USD pair recovers a few pips from the Asian session low and for now, seems to have stalled its retracement slide from over a two-week high touched on Friday. Spot prices currently trade just below mid-1.0700s, nearly unchanged for the day, as traders seem reluctant to place aggressive bets on the first day of…

  • EUR/GBP grinds near nine-month low around 0.8550 as UK jobs, ECB eyed

    EUR/GBP grinds near nine-month low around 0.8550 as UK jobs, ECB eyed

    EUR/GBP remains on the back foot at the lowest level since August 2022, despite recently paring intraday losses near 0.8545 heading into Monday’s London open. In doing so, the cross-currency pair justifies comparatively downbeat economic concerns about the Eurozone more than the UK. However, the cautious mood ahead of this week’s top-tier UK data and the European…

  • EUR/JPY juggles below 150.00 as focus shifts to ECB/BoJ’s interest rate policy

    EUR/JPY juggles below 150.00 as focus shifts to ECB/BoJ’s interest rate policy

    The EUR/JPY pair is displaying a back-and-forth action below the psychological resistance of 150.00 in the early European session. The cross is struggling to find directions as investors have been sidelined ahead of the interest rate decision by the European Central Bank (ECB) and the Bank of Japan (BoJ), which will be announced this week. An interest…

  • USD/MXN Price Analysis: Retreats towards multi-month low near 17.25 even as RSI prods Mexican Peso bulls

    USD/MXN Price Analysis: Retreats towards multi-month low near 17.25 even as RSI prods Mexican Peso bulls

    USD/MXN consolidates the biggest daily loss in nearly two weeks at the lowest levels since May 2016 heading into Monday’s European session. In doing so, the Mexican Peso (MXN) pair traces the market’s cautious mood, as well as positioning for the US inflation and Federal Reserve (Fed) monetary policy decision. Technically, the USD/MXN pair struggle…

  • USD Index Price Analysis

    USD Index Price Analysis

    DXY comes under fresh downside pressure following earlier peaks past 104.50 on Tuesday.                                                                                              In the near term, extra gains appear on the cards despite the ongoing knee-jerk. That said, the surpass of the May high at 104.53 (May 30) should put a potential visit to the key 200-day SMA, today at 105.65, back on the radar…

  • FOMC Minutes suggest a pause in June – UOB

    FOMC Minutes suggest a pause in June – UOB

    Senior Economist at UOB Group Alvin Liew comments on the latest release of the FOMC Minutes of the May gathering. Key Takeaways “According to the latest FOMC minutes (released on 25 May, 2am SGT), while the Federal Reserve (Fed) policymakers in its 2/3 May 2023 Federal Open Market Committee (FOMC) meeting, unanimously agreed to raise…

  • WTI Price Analysis

    WTI Price Analysis

    West Texas Intermediate crude has been edging down in light holiday trade with a focus now on the OPEC+ ministers meeting. Technically, the price is coiling and a breakout could be imminent as the following will illustrate,  WTI daily charts On the daily chart, the price has been building within a triangle and is now coiled…

  • EUR/USD may be gently making its way to the March lows at 1.0515/0530 – ING

    EUR/USD may be gently making its way to the March lows at 1.0515/0530 – ING

    Deteriorated Eurozone’s data to keep EUR/USD on the soft side “EUR/USD has quietly slipped below support at 1.0700/1.0720 and may be gently making its way to the March lows at 1.0515/0530.” “For today, the Eurozone focus will be on the release of industrial and consumer confidence figures for May. Consensus expects some further deterioration here and if…

  • Chart of The Day

    Chart of The Day

    US traders are returning from a long Memorial Day weekend. It was announced over the weekend that an agreement on the US debt ceiling has been reached, and it is taking some of the uncertainty off the markets. However, such a development was expected following upbeat comments from US officials ahead of the weekend and…

  • Stock Watch  (TSM.US) 

    Stock Watch  (TSM.US) 

    On this occasion we are going to deal with one of the companies that has been infected by the attraction effect of the market on the values linked to computer technology and Artificial Intelligence (AI). However, and despite the momentum of the last fortnight by the results and guidance of Nvidia (NVDA.US), and more recently…