Independent coverage of UK markets, FCA policy and institutional trading
The USD/JPY pair stages a modest intraday recovery from the vicinity of the August monthly low and climbs back to the 156.50 area during the Asian session on Friday. Spot prices, for now, seem to have…
Gold (XAU/USD) remains on the defensive below the $4,500 mark through the Asian session on Friday, snapping a two-day winning streak amid a modest US Dollar (USD) uptick. The commodity, however, remai…
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 Japanes…
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 q…
The New Zealand Dollar trades just under 0.5900 into the New York afternoon, up roughly half a percent, after a session that retraced most of Wednesday's decision-day slide without a single New Zealan…
UOB economist Jester Koh highlights that Singapore’s electronics PMI rose in August, with broad-based gains in new export orders, output and backlogs. Koh argues recent softness in electronics NODX an…
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 (wav…
The Australian Dollar rises against the US Dollar on Thursday as Fed Governor Waller turns moderately dovish ahead of the September meeting, even as Oil prices rise due to a resumption of hostilities …
The GBP/JPY tanks amid speculation of intervention by Japanese authorities in the FX markets, driven by a rate check by Tokyo. The cross-pair drops more than 300 pips, trades at 210.92, down by more t…
The Yen has produced in two sessions what the largest intervention on record could not, and it did so without a single reported purchase. USD/JPY trades just under 156.00 after a session that ran from…
Geoff Yu at BNY highlights CNY as the main outlier in the U.S. trade-weighted basket, showing behavior opposite to other key currencies. CNY failed to react positively to July–August Fed and Treasury …
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 Cana…
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 Japanes…
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 tight…
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 cha…
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 dat…
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…
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…
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…
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…
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’…
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 Dolla…
USD/JPY extends its losses for the second consecutive day, trading around 156.80 during the European hours on Thursday.
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…