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EUR/USD consolidates below horizontal resistance Euro area annual inflation dropped to 9.2% in December, well below the market consensus On a move above 1.08 there is no meaningful resistance until the 1.10 area.
January 9, 2023.
January 8, 2023.
January 6, 2023.
Trending news.
4th January USD/TRY: Turkish lira collapse still underway.
6th January USD/RUB: Ruble forecast as natural gas prices tumble.
6th January Is this USD/JPY bounce for real? Unlikely, says Elliott Waves theory.
3rd January Should you buy or sell the British pound amid weak manufacturing data?
6th January How will the NFP data affect the US dollar index (DXY)?
Market analysis.
The US dollar index (DXY) drifted upwards on Friday as investors reflected on the recent Fed minutes and the upcoming Non-Farm Payrolls (NFP) data. It rose to a high of $105.43, which was the highest level since December 7. It has risen by more than 1.9% from the lowest level…
January 6, 2023.
The USD/RUB exchange rate drifted upwards as natural gas prices tumbled. The Russian ruble dropped to a low of 73.40, the lowest level since April 2022. It has crashed by more than 41% from the highest level in 2022. Natural gas prices are tumbling The USD/RUB exchange rate…
January 6, 2023.
The USD/TRY exchange rate continued its consolidation phase despite positive Turkish inflation data. It was trading at 18.75, where it has been in the past few months. This price is a few pips below its all-time high of 19.32. Turkey inflation cools, liraization underway There are several factors driving…
January 4, 2023.
The USD/INR exchange rate soared to a record high in 2022 as the Federal Reserve and the Reserve Bank of India (RBI) delivered hawkish interest rate decisions. It rose to a high of 83, which was about 12.5% above the lowest level in 2022. How will the Indian rupee…
December 29, 2022.
More breaking stories.
How will the NFP data affect the US dollar index (DXY)? The US dollar index (DXY) drifted upwards on Friday as investors reflected on the recent Fed minutes and the upcoming Non-Farm Payrolls (NFP) data. It rose to a high of $105.43, which was the highest level since December 7. It has risen by more than 1.9% from the lowest level… January 6, 2023.
USD/RUB: Ruble forecast as natural gas prices tumble The USD/RUB exchange rate drifted upwards as natural gas prices tumbled. The Russian ruble dropped to a low of 73.40, the lowest level since April 2022. It has crashed by more than 41% from the highest level in 2022. Natural gas prices are tumbling The USD/RUB exchange rate… January 6, 2023.
ADP beats expectations, US dollar jumps on the news Every first week of a trading month has special meaning for financial market participants. First, it is the time when the US jobs data for the previous month is released. Because the Federal Reserve of the United States has a mandate that involves job creation too, the state of… January 5, 2023.
Australian dollar surges across the FX dashboard on China news – time to buy? The Australian dollar (AUD) has shot higher straight out of the gates today following the news out of China that it is considering lifting a ban on coal imports from Australia. The Aussie dollar is strongly linked to developments out of China, as China is a big buyer… January 4, 2023.
USD/TRY: Turkish lira collapse still underway The USD/TRY exchange rate continued its consolidation phase despite positive Turkish inflation data. It was trading at 18.75, where it has been in the past few months. This price is a few pips below its all-time high of 19.32. Turkey inflation cools, liraization underway There are several factors driving… January 4, 2023.
Should you buy or sell the British pound amid weak manufacturing data? The new year has started, and liquidity is back in financial markets. The UK Manufacturing PMI data was released today, creating bigger than normal volatility in the GBP currency pairs. It showed that the sector continues to shrink. Production and new orders are in… January 3, 2023.
4 economic events to move the FX market in the first week of January 2023 This trading week is slow, given the end-of-the-year holidays and the lack of liquidity in the markets. But things are about to change drastically as soon as next week, as it is full of important economic events capable of triggering intense volatility. Here are four events to mark in your… December 29, 2022.
USD/INR forecast 2023: Rupee forms a double-top pattern The USD/INR exchange rate soared to a record high in 2022 as the Federal Reserve and the Reserve Bank of India (RBI) delivered hawkish interest rate decisions. It rose to a high of 83, which was about 12.5% above the lowest level in 2022. How will the Indian rupee… December 29, 2022.
USD/ZAR drops below key support: What next for South Africa rand? The USD/ZAR exchange rate has pulled back since November on the back of a relatively weak US dollar. After rising to a year high of 18.60, the South African rand has jumped to 17. So, what next for the vulnerable rand in 2023? South Africa outages to drag the… December 29, 2022.
USD/CHF exchange rate death cross points to more trouble ahead The USD/CHF exchange rate has been in a steep sell-off after the Federal Reserve and Swiss National Bank (SNB) delivered their rate decisions in December. It was trading at 0.9260, which was about 8.3% below the highest point in November. SNB and Fed decisions The USD/CHF decline has coincided… December 29, 2022.
The most and least favorite currencies in 2023 according to Deutsche Bank The end of the trading year is a good time to read what market experts believe the markets will do in the upcoming year. Deutsche Bank research is famous for its forecasts, and it recently published an interview with George Saravelos, the head of its… December 28, 2022.
DXY index forecast for 2023 amid an economic triple whammy The US dollar index (DXY) has plunged in the past few weeks despite the relatively hawkish Federal Reserve. It sunk to a low of $103.44 in December, which was the lowest level since June 28 this year. The DXY index has crashed by more than 9.40% from the highest… December 27, 2022.
2023 British pound outlook amid UK going into recession It has been a difficult year for the United Kingdom for several reasons. First, as part of Europe, the UK cannot and did not remain indifferent to the war in Ukraine. After Russia invaded Ukraine last February, energy prices surged. As a result, businesses and households across Europe… December 26, 2022.
Should you buy or sell the JPY in 2023? December is a month for reflection. As activity in financial markets slows down due to the holiday season, investors look back at the trading year and prepare for the upcoming one. 2022 was dominated by rising inflation in major economies and by central banks fighting it. On top of that,… December 26, 2022.
EUR/USD stuck in a range: Will the PCE move the needle? The EUR/USD exchange rate remained in a tight range in thin trading as investors reacted to the relatively positive American economic data. It was trading at 1.0614, where it has been in the past few days. This price is a few points below this month’s high of 1.0732. US… December 23, 2022.
2 fundamental reasons to buy the EUR/USD in 2023 EUR/USD is the most liquid currency pair on the FX market. Also, it is the most popular one among retail traders. A currency pair reflects the difference between the two monetary policies of the central banks it represents. In this case, the European Central Bank (ECB) and the Federal… December 22, 2022.
EUR/JPY price forecast after a hawkish BOJ decision Financial markets have entered a period of low liquidity, characteristic for this period of the year. As Christmas nears, investors and speculators focus on the holidays rather than what happens in the markets. Even those monitoring the market are doing it so to monitor eventual positions that are still open. December 21, 2022.
What is yield curve control, and what happened today in Japan? Japan jolted the market Tuesday morning with a surprise tweak to its yield curve control strategy. This pumped the Yen against the dollar (USD/JPY), and sent waves throughout the market, with S&P 500 futures sent sharply lower. But what does yield curve control mean? Most central banks… December 20, 2022.
JPY surges as BOJ adjusts the yield curve control policy Japanese yen (JPY) traders had a busy day as the Bank of Japan (BOJ) decided to tweak its monetary policy before Christmas. In a stunning maneuver, the central bank announced today that it would allow the 10-year yields to reach 0.5% instead of the previous 0.25%. December 20, 2022.
EUR/USD price forecast amid the ECB’s hawkish pivot The European Central Bank (ECB) announced earlier today that it had raised the key interest rates by 50bp, very much in line with market expectations. Because it is a slower rate hike than the previous one, one may say that the ECB is pivoting. We… December 15, 2022.
Should you buy or sell the Swiss franc after the SNB hiked 50bp The Swiss National Bank (SNB) raised the policy rate by another 50bp at today’s meeting. With this hike, the rate has reached 1%, a stunning development for the Swiss economy and the Swiss franc, considering that the SNB kept the rate in negative territory for years. December 15, 2022.
USD/CHF forecast after the SNB and Fed rate hikes The USD/CHF exchange rate has been in a freefall in the past few weeks as investors focused on the actions by the Federal Reserve and the Swiss National Bank (SNB). It crashed to a low of 0.9213, which was the lowest level since April this year. It has collapsed… December 15, 2022.