FX

The USD/JPY edges higher in the year’s last trading day, up some 0.03%. A risk-off market mood put capped the downtrend of the USD/JPY. USD/JPY Price Forecast: The upward bias to continue, a break above 115.20 would open the door for a test of the YTD high at 115.52.  As of year-end looms, the USD/JPY

The first week of next year will have a busy schedule regarding economic data. In the US and Canada, employment numbers and ISM figures are due. Also the Federal Reserve will release the minutes from its latest meeting. Analysts from TD Securities expect a net job creation of 30K in Canada during December and NFP

USD/TRY is set to end the week 20% higher, though the rally has stalled at resistance in the 13.50 area. Investors remain fearful as President Erdogan continues to push “new economic programme” despite surging inflation. TRY has lost more than 40% of its value versus USD this year, its worst annual performance in two decades.

A combination of factors assisted USD/CAD to reverse the early slide to a three-week low. Ascending channel breakdown supports prospects for an extension of the recent decline. Any further recovery move might get sold into and remain capped near the 1.2800 mark. The USD/CAD pair reversed an intraday dip to a near three-week low and

The South China Morning Post (SCMP) shares China’s 2021-25 raw material development plan while spotting negative news for the AUD/USD traders during early Friday morning in Asia. “China will encourage domestic exploration of iron ore and use more scrap metals to reduce reliance on imports from countries like Australia, while streamlining production quotas for rare earth and

NASDAQ:LCID fell by 0.03% during Wednesday’s trading session. Rivian tells its customers that SUVs will be ready in 2023. Tesla stock falls as Musk continues to sell shares. NASDAQ:LCID has been far from the sure bet investors believed it to be when the luxury EV maker went public back in July. But it is still

EUR/USD stays firmer around monthly top after crossing the key hurdle. Bullish MACD signals sustained trading beyond 21-DMA also favor buyers. 50-DMA, mid-November tops restrict short-term upside moves, 1.1235-30 appears tough nut to crack for bears. EUR/USD keeps the monthly resistance breakout around 1.1350 during the early hours of Thursday’s Asian session. The major currency

Gold came under renewed bearish pressure on Wednesday. 10-year US Treasury bond yield is testing 1.5%. Next near-term technical support is located at $1,790. Gold closed in the negative territory after jumping to its highest level in more than a month at $1,820 on Tuesday and seems to be having a hard time shaking off

The NZD/JPY trims some of its Monday’s gains, down 0.33%. Positive developments on the Covid-19 front increased risk appetite denting the Japanese yen prospects. NZD/JPY Price Forecast: The double-bottom in the daily chart targets 80.00. The NZD/JPY retreats from monthly tops, trading at 78.05 during the day at press time. Early in the New York session,

FX option expiries for December 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         1.1180 295m – USD/JPY: USD amounts                      113.75 760m 114.15 284m

Euro up versus the yen for the fifth time out of the last six trading days. EUR/JPY breaks above 130.00 and rises above the 100-day SMA. The EUR/JPY is rising sharply on Monday supported by the improvement in risk sentiment and the stability in US yields. The cross reached levels above 130.00 for the first

GBP/USD prints mild intraday losses inside bullish chart pattern. Successful trading above key HMAs, weekly support line keeps buyers hopeful. Confirmation of bulls flag exposes buyers towards November’s high. GBP/USD retreats to 1.3405, down 0.07% intraday, during early Monday morning in Europe. Even so, the cable pair stays inside a bull flag while keeping the

GBP/USD Outlook: Seems poised to reclaim 1.3500, dips could be seen as buying opportunity The GBP/USD pair prolonged this week’s solid bounce from the vicinity of the YTD low and gained strong follow-through traction for the third successive day on Thursday. Investors turned optimistic amid reports that the current vaccines may be more effective in

The Mexican peso is rising across the board on Friday. USD/MXN heads for lowest daily close in a month. The USD/MXN is falling on Friday for the third consecutive day and it trades at 20.56, the lowest level in a month. The Mexican peso remains supported by an improvement in global risk sentiment. Also, a

The shared currency losses against the greenback but remains above the 1.1300 figure. EUR/USD Price Forecast: A descending triangle in a downtrend opens the door for a challenge of the YTD low at 1.1186. The EUR/USD is barely down late in the European session, trading at 1.1318 at the time of writing. As US markets

Gold gains for the second week in a row, but still remains under $1810. While above $1785, the bullish bias could persist in the short term. Gold rose for the second week in a row and finished slightly below $1810 after rebounding from $1783. It was unable to hit fresh monthly highs. The yellow metal

The greenback gains some ground against the aussie, amid closed US equity and money markets. Covid-19 positive news improved investors’ mood as the year-end looms. AUD/USD Price Forecast: Bulls prepare for a challenge of crucial resistance around 0.7280-0.7300. The AUD/USD slides during the late European trading session, down some 0.33% trading at 0.7224 at the

NZD/USD remains pressured around intraday low, prints daily losses for the first time in four. Sustained break of 21-DMA, bullish MACD favor buyers to approach a wall of resistance. NZD/USD refreshes intraday low to 0.6811, down 0.28% on a day, to become the biggest G10 loser on a sluggish Friday morning. In doing so, the