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Australian dollar calm after RBA minutes
RBA releases minutes Investors eye Israel-Hamas war The Australian dollar has extended its gains on Tuesday. AUD/USD is trading at 0.6353 in Europe, up 0.18%. It has been a rough patch for the Australian dollar lately.
17-10-2023 06:06 GMT by Kenneth Fisher
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Podcast - Gold may continue its upside momentum with China's Q3 GDP and UK inflation on the radar next
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights for the week ahead, potential firmer gold and oil prices due to lingering geopolitical risk premium, key China economic data (Q3 GDP, Retail Sales & Industrial Production) as well as UK's inflation data for September where the consensus is expecting another month of slowdown to 6% y/y for core inflation from 6.2% y/y in August. https://open.spotify.com/episode/25ibbNurKomUjUhujYrn2K
17-10-2023 03:29 GMT by Kelvin Wong
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EUR/NZD Technical – Start of a new potential bullish impulsive up move
The Kiwi dollar (NZD) has been the worst performer among the US dollar major pairs in the past five days. A further slowdown in New Zealand’s Q3 CPI (5.6% y/y versus 6% y/y in Q2) reinforces RBNZ's current stance of maintaining its key policy official cash rate unchanged at 5.5%. A less hawkish RBNZ may put further downside pressure on the NZD that supports an ongoing major uptrend phase in the EUR/NZD cross pair. Watch the 1.7820 key short-term pivotal support on the EUR/NZD. The Kiwi dollar (
17-10-2023 02:00 GMT by Kelvin Wong
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BTC/USD: Bitcoin volatile on false SEC approval of ETF
CoinGlass reported that $72 million worth of short positions were liquidated on the spike higher from the false SEC approval news US Government holds around 200,000 bitcoins, worth over $5 billion SEC refrains from asking court to change decision on Grayscale bitcoin ETF Bitcoin’s surge above $30,000 quickly disappeared after Blackrock refuted earlier reports that the SEC approved their spot Bitcoin ETF.  Cointelegraph earlier tweeted a Bitcoin ETF was approved and has since issued an apology a
16-10-2023 16:28 GMT by Edward Moya
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USD/CHF: Dollar softens despite a surge in Treasury yields
Safe-haven flows likely to head Swiss franc and gold's way as US debt concerns and liquidity concerns grow A week filled with Fed speak will see Wall Street focus on Fed Chairman Jerome Powell's speech on Thursday Empire Manufacturing contracted in October: -4.6 vs -6.0 eyed; Outlook for prices fell to a 3-year low Something doesn’t seem right on Wall Street.  The dollar is falling even as Treasury yields at the long-end of the curve surge as uncertainty persists on stickier inflation fears and
16-10-2023 16:05 GMT by Edward Moya
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British pound eyes UK employment release
UK releases employment data on Tuesday BoE's Bailey says rate decisions will be tight The British pound has started the week in positive territory. In the European session, GBP/USD is trading at 1.2166, up 0.17%.
16-10-2023 10:33 GMT by Kenneth Fisher
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NZD/USD rises on strong Services PMI
In New Zealand: New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in third quarter The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.5919, up 0.55%.
16-10-2023 06:21 GMT by Kenneth Fisher
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WTI Oil Technical: Eying for a potential bullish breakout above 20-day MA
Last Monday’s Asia session (9 October) gap up in price actions seen in WTI crude oil has been filled at the US$83.20 support on Thursday, 12 October. A positive follow-through was seen on last Friday, 13 October where its price actions ended with a daily bullish “Marubozu” reversal candlestick pattern. Watch the intermediate resistance at US$88.60 which also confluences with the 20-day moving average. A volatile week for oil prices on the backdrop of escalating geopolitical tensions in the ongo
16-10-2023 05:52 GMT by Kelvin Wong
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CHF/JPY further potential up move reinforced by CHF safe haven status
CHF was the top-performing currency among the USD pairs in the past five days. An uptick in geopolitical risk premium has reinforced CHF's safe haven status. CHF/JPY short-term and major uptrend phases remain intact with the next intermediate resistance coming in at 167.90/168.30. This is a follow-up analysis of our prior report, “CHF/JPY Technical: Continuation of potential bullish impulsive up move” published on 10 October 2023. Click here for a recap. The CHF/JPY has staged the expected imp
16-10-2023 01:29 GMT by Kelvin Wong
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Global growth concerns send Commodity Currencies lower despite surge in oil and prices
Dollar remains strong on safe-haven flows spurred by the Israel-Hamas war Gold volatility surges the most since March Oil prices surge on disruption concerns The Canadian currency and Australian are both weaker against the greenback as fears of rising global market turmoil grow as the Israel-Hamas conflict escalates.  Oftentimes a surge in commodity prices provide a boost to key countries that deal with surging commodities, but that isn't happening here. Oil Crude prices are surging as the oi
13-10-2023 14:25 GMT by Edward Moya
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Mideast tensions send the Swiss franc, oil and gold sharply higher
Univ of Mich: Short- and longer-run inflation expectations surge (1-year rises to 3.8% and 5-10 year rise to 3.0%) Consumer  sentiment plunges from 68.1 to 63.0, worst slide since June 2022 Bank stocks initial rally faded It has been a very busy Friday on Wall Street. Stocks traded mostly lower as investors digested an impressive start to earnings, surging inflation expectations and rising tensions with the conflict between Israel and Hamas.
13-10-2023 14:00 GMT by Edward Moya
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Aussie stabilizes after sliding on US inflation
China inflation dips to 0.0% Australian dollar sinks after US inflation and employment data The Australian dollar is unchanged on Friday, trading at 0.6312. The Aussie was roughed up by the US dollar a day earlier and plummeted 1.56%, its largest one-day decline since August. The sharp downswing was driven by US inflation and unemployment reports on Thursday.
13-10-2023 07:49 GMT by Kenneth Fisher
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USD/JPY heads closer to 150 after US inflation report
The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.63, down 0.12%. The US inflation report for September was unchanged at 3.7% y/y, but this was higher than the market estimate of 3.6% y/y and the market reaction sent the US dollar higher against all the major currencies.
13-10-2023 06:50 GMT by Kenneth Fisher
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New Zealand dollar extends losses after plunge
US headline CPI higher than expected US jobless claims remain low New Zealand Manufacturing Index declines The New Zealand dollar is lower on Friday after a massive plunge a day earlier. In the European session, NZD/USD is trading at 0.5911, down 0.25%. The US inflation report was stronger than expected, and the US dollar responded with sharp gains against the major currencies.
13-10-2023 05:36 GMT by Kenneth Fisher
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USD/JPY: Surging Treasury yields bring back the pressure onto Japanese officials
Dollar holds onto gains as projected rate hike bets hold firm Treasury 30-year auction sees soft demand as concerns grow over rising deficits Yen's October rally nearly completely erased as US growth exceptionalism remains in place The BOJ must be frustrated that the yen's rally at the start of the month has quickly evaporated.  Pressure is growing for the Japanese officials to act otherwise, the yen could see another significant devaluation.  Last night, Bank of Japan board member Noguchi note
12-10-2023 14:24 GMT by Edward Moya
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EUR/USD: Hot US CPI and Claims data send Treasury yields and the dollar higher
Treasury curve rises across the board; 2-year rises 9.7bps to 5.079%,  5-year higher by 10.3bps to 4.680%, the 10-year increases by 10.3bps 4.662%, and the 30-year jumped 10.5bps to 4.799% Sticky inflation and steady claims send USD higher against all its major trading partners; yen only 20+ pips away from 150 Fed fund futures are not ready to abandon the possibility of one more interest rate hike The dollar is rallying as US stocks are lower after hot inflation and claims data kept the risk of
12-10-2023 11:43 GMT by Edward Moya
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