FX

The NZD dollar vs. the JPY finished tie week gaining 1.25%. NZD/JPY Technical Outlook: Neutral-upward biased, confirmed by a bullish RSI. FInishing a busy week on the financial markets, the NZD/JPYended it on the right foot, up 1.25% in the week. Breaking news that Russia would be open to sit down and talk with the

Russia vetoed a draft UN Security Council resolution on Friday that would have deplored Moscow’s invasion of Ukraine, while China abstained from the vote – a move western countries view as a win for showing Russia’s international isolation. The United Arab Emirates and India also abstained from the vote on the US-drafted text. The remaining 11

GBP/JPY reclaimed the 155.00 level on Friday, the pair lifted as a risk appetite revival undermined yen demand. But GBP/JPY continues to trade lower by about 0.8% on the week and ongoing uncertainty regarding geopolitics. GBP/JPY was able to reclaim the 155.00 level on Friday, with the pair lifted as a strong recovery in US

AUD/USD saw a stunning rebound on Friday, rallying back to the mid-0.7200s as risk appetite improved. That marks a near 2.0% rebound from Thursday’s post-Russia invasion of Ukraine lows. Next week will be busy with the RBA deciding policy, US jobs and ISM surveys and Aussie GDP plus geopolitics. AUD/USD saw an ultra-impressive rebound on

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the latest inflation figures in Malaysia. Key Takeaways “Headline inflation moderated for the second straight month to 2.3% y/y in Jan (from 3.2% in Dec 2021). It matched our estimate but undershot Bloomberg consensus’ 2.5%.” “The moderation in Jan inflation was purely a

Gold printed a 14-month-old fresh high around $1,974 amid the Ukraine – Russia war escalation. US Treasury yields fell, though the US Dollar strengthened across the board. XAU/USD Price Forecast: If bulls hold above the $1916 mark, they could remain hopeful of reaching higher prices. Gold (XAU/USD) climbs in the North American session, thought retreats

USD/CNH risks a deeper decline on a break below 6.3050, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “The sharp plunge in USD to 6.3080 came as a surprise (we were expecting sideway-trading). While the rapid drop appears to be overdone, USD could test the support at 6.3050 before the current weakness should

NYSE:NIO has fallen by over 35% so far in 2022. Nio is rumored to be unveiling the new ES7 SUV in April. Nio has also been linked to designing and manufacturing its own smartphone. UPDATE: NIO stock is down roughly 6% on Tuesday, trading at $21.83 per share. US indexes trade in the red, although

Economists at Credit Suisse remain bullish on the Swiss franc and reaffirm their 1.0050 EUR/CHF target. Peripheral spread widening sends a warning signal to the ECB “A neutral SNB, fading ECB hawkishness, wider euro area peripheral spreads and geopolitical risks should weigh on EUR/CHF.” “We continue to believe that the currency pair has further downside

The Australian dollar remains in the front foot in the week, up some 0.68%. Despite a mixed market mood, the US Dollar Index fails to weigh on the AUD. AUD/USD Technical Outlook: Range-bound but close to an upward break if it remains above 0.7200. The Australian dollar stays firm in the North American session as

Gold price pauses its bullish momentum just below June 2021 highs of $1,917. Acceptance above here is set to unleash further upside, FXStreet’s Dhwani Mehta reports. Bullish potential remains intact “The June 2021 highs of $1,917 remain on bulls’ sights, as a bull cross confirmation is likely to play out. If the risk-off-driven rally in gold

Russian President Vladimir Putin on Monday called Eastern Ukraine “ancient Russian lands” and said that the region is an integral part of Russian history. Putin said that the situation in Eastern Ukraine is “critical” and talked about how modern Ukraine was created by communist Russia under Boshevik leader Vladimir Lenin. 

USD/TRY pares CBRT-led gains as firmer sentiment weighs on USD. Biden-Putin summit, Blinken-Lavrov talks favor hopes of a diplomatic solution to the Ukraine-Russia tussles. Turkish opposition leader braces for victory over Erdogan in 2023 elections despite being unclear on candidature. CBRT kept benchmark rates unchanged at 14.00%, fuelled markets with repo actions. USD/TRY struggles to

AUD/USD failed to hold above 0.7200 for a third successive session, as geopolitical angst underpinned US dollar demand. Geopolitics will be the highlight for the pair next week, though Aussie Q4 wage data will also be key. AUD/USD failed to hold to the north of the 0.7200 level for a third successive session, despite solid

Gold aims for a 2.06% gain on the week, courtesy of geopolitical jitters amid Fed speaking ignored by market players. The conflict in Eastern Europe gives signs of no de-escalation as Russian President Putin decided to oversee nuclear drills in the weekend. XAU/USD Technical Outlook: Despite finishing the week on the wrong foot, still upward

GBP/USD tried but failed to break above its 1.3500-1.3650ish range that has prevailed for most of February. The pair fell back under 1.3600 in the US session as geopolitical angst remains elevated. That kept USD in demand and negated pushback against a 50bps March rate hike from Fed’s Williams. GBP/USD tried but eventually failed to

The GBP/JPY is down in the week, 0.02% amongst a risk aversion environment. Russia/Ukraine news headlines dominate the trading session, safe-haven peers advance. GBP/JPY Weekly Outlook: From a weekly chart, it faces a wall of resistance around 158.00. GBP/JPY Daily Outlook: Neutral-upwards above 155.30, otherwise neutral. The GBP/JPY eyes to end the week flat in

According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.8 in February versus forecasts for a slight rise to -8.0 from -8.5 the month prior (January).  Market Reaction The euro did not see any reaction to the slightly weaker than expected Eurozone Consumer Confidence data, with FX markets much