Banxico’s determined stance in the fight against inflation supports the Peso. However, if the recent market turmoil weighs on the outlook for the US economy,…
New Zealand GDP surprised to the downside in Q4 2022 – UOB
Lee Sue Ann, Economist at UOB Group, assesses the latest GDP figures in New Zealand. Key Takeaways “GDP came in much weaker than expected, contracting…
CAD likely to find it difficult to hold its ground against the USD – Commerzbank
In a risk-averse environment, the Canadian Dollar is likely to find it difficult to hold its ground against the US Dollar, in the opinion of economists…
NZDUSD should remain side-lined in the short term – UOB
In the view of Markets Strategist at UOB Group Quek Ser Leang and Senior FX Strategist Peter Chia see NZD/USD navigating between 0.6105 and 0.6265 in the…
USD Index Price action remains inconclusive below 104.00 ahead of data
The greenback, in terms of the USD Index (DXY), advances marginally and hovers around the 103.70/80 band ahead of the opening bell in the euro area. USD…
EURUSD faces further consolidation near term – UOB
EUR/USD is expected to maintain the trade within 1.0560-1.0800 in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser…
Gold price bulls are aiming for $1,890, amid softer US Dollar and falling yields
XAU/USD is surging higher in the last four days and is up around 1% on the day. Falling US Treasury yields have fueled the Gold price…
AUDUSD consolidates at around 0.6740 for the week, with traders eyeing Fed speeches
The AUD/USD jumped from around weekly lows below 0.6700 and climbed 0.44% on Friday. Factors like a risk-on impulse and an offered US Dollar (USD)…
Rates to peak in September, Dollar should be lower by then – SocGen
Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes FX market. Re-pricing peak Fed Funds keeps on supporting the Dollar, but by September, the…
Nasdaq 100 Rally to extend towards 13175, then 13603720 – Credit Suisse
Nasdaq 100 maintains its recent decisive break above the 12166 high of December. Economists at Credit Suisse expect the index to enjoy further strength. Initial…