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GBP/USD holds break below major trend support at 1.2520 – Scotiabank

The Pound Sterling (GBP) is flat on the session. UK Retail Sales rose a softer than expected 0.2% in November (versus +0.5% forecast), extending a run of disappointing Retail Sales data, Scotiabank’s Chief FX Strategist Shaun Osborne reports.

Fxstreet

Fri, Dec 20

USD slips, market jitters rise – Scotiabank

Markets are ending the week of a bit of a sour note. The USD has been clipped back somewhat in overnight trade as investors ponder a looming US government shutdown.

Fxstreet

Fri, Dec 20

India FX Reserves, USD: $652.87B (December 9) vs previous $654.86B

India FX Reserves, USD: $652.87B (December 9) vs previous $654.86B

Fxstreet

Fri, Dec 20

China SMEI: Activity picked up in December – Standard Chartered

Headline SMEI recovered 0.2pts to 50.6 in December; average reading rebounded to above-50 level in Q4. While services activity improved, performance and expectations sub-indices stayed below 50. Manufacturing SMEs continued to outperform on a solid m/m increase in sales and new orders.

Fxstreet

Fri, Dec 20

GBP/USD: Weigh by vote split – OCBC

The Pound Sterling (GBP) fell on surprise BoE vote split even as BoE keeps policy rate on hold at 4.75%. MPC voted 6-3 to keep rates on hold. Deputy Governor Dave Ramsden, Swati Dhingra and Alan Taylor all voted to cut by 25bp. The GBP/USD was last seen at 1.2506.

Fxstreet

Fri, Dec 20

USD/JPY: BoJ verbal intervention – OCBC

USD/JPY rose sharply after BoJ kept policy rate on hold yesterday. USD/JPY’s rise can also be attributed to the rise in UST yields as Fed guided for slower pace of rate cuts. The pair was last seen at 156.71. Back to BoJ, Governor Ueda’s remarks seem more cautious and appear to be ‘buying time’.

Fxstreet

Fri, Dec 20

DXY: All eyes on the core PCE report – OCBC

US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong notes.

Fxstreet

Fri, Dec 20

Oil: WTI settles below $70/bbl – ING

Crude oil prices edged lower with NYMEX WTI closing below $70/bbl while ICE Brent settled below $73/bbl yesterday. The oil market witnessed a second straight session of decline as the strengthening dollar weighs on the complex, ING’s commodity analysts Ewa Manthey and Warren Patterson note.

Fxstreet

Fri, Dec 20

BoE: Keeping the rate on dovish hold – Rabobank

As expected, the Bank of England MPC kept rates on hold at 4.75% at this week’s meeting. The vote was split 6-3, with three dissenters voting for a 25bp cut, Rabobank’s Senior Macro Strategist Stefan Koopman notes.

Fxstreet

Thu, Dec 19

EUR: Post-Fed drop holds near November low – Scotiabank

The Euro (EUR) has has recovered on Thursday about half of the sell-off against the US Dollar (USD) seen after the Federal Reserve’s (Fed) policy decision, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Fxstreet

Thu, Dec 19

GBP/USD: BoE leaves policy on hold – Scotiabank

The BoE left its policy rate unchanged at 4.75%, as expected. The Pound Sterling (GBP) has traded well off the earlier session highs to edge back under 1.26 in early trade here, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Fxstreet

Thu, Dec 19

BoJ: January meeting is coming into focus – Commerzbank

Just a few hours after the Fed, the Bank of Japan (BoJ) also announced its last monetary policy decision for this year, leaving its key interest rate unchanged at 0.25%.

Fxstreet

Thu, Dec 19

CZK: CNB likely to pause in the cutting cycle – ING

The Czech National Bank is very likely to take the first pause in the cutting cycle on Thursday and leave rates unchanged at 4.00%, ING’s FX analyst Frantisek Taborsky notes.

Fxstreet

Thu, Dec 19

USD/SGD: Triple-top busted – OCBC

USD/SGD rose another leg higher, as USD strength post-FOMC overwhelmed. Pair was last seen trading at 1.3615, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Fxstreet

Thu, Dec 19

GBP/USD: BoE decision today – OCBC

BoE set to keep rates steady at 4.75%. The GBP/USD pair was last seen at 1.2651, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Fxstreet

Thu, Dec 19

EUR: Scandinavian central banks are in focus this morning – ING

EUR/USD took another hit after the Fed. As discussed above we expect the shift in language by Powell to favour a longer period of dollar dominance and keep the Atlantic Spread wide.

Fxstreet

Thu, Dec 19

DXY: Wakeup call from a hawkish Fed – OCBC

FX markets received a wakeup call from a hawkish Fed, with USD up over 1% overnight post-FOMC. December seasonality of US Dollar (USD) softness doesn’t seem to apply for Dec-2024 so far. The Dollar Index (DXY) was last at 108 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Fxstreet

Thu, Dec 19

USD/JPY surges through 155 towards the 158/160 area – ING

The Bank of Japan announced policy, delivering a rather cautious hold which has been digested as a dovish surprise by markets, ING’s FX analyst Francesco Pesole notes.

Fxstreet

Thu, Dec 19

USD: Pause in rate cuts may come as early as January – OCBC

FOMC decision to cut the target range of the Fed funds rate by 25bps to 4.25-4.50% was not unanimous, with one member voting for a hold, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Fxstreet

Thu, Dec 19

USD: Hawkish Fed sends USD spiking – ING

The Federal Reserve cut rates by 25bp as expected yesterday, but the broader policy message was more hawkish than expected.

Fxstreet

Thu, Dec 19

FX option expiries for Dec 19 NY cut

FX option expiries for Dec 19 NY cut at 10:00 Eastern Time via DTCC can be found below.

Fxstreet

Thu, Dec 19

Shiba Inu Price Prediction: SHIB whale demand plunges as Solana memes dominate

Shiba Inu price opened trading at $0.000026 on Wednesday, its lowest opening price in 20 days dating back to November 29.

Fxstreet

Wed, Dec 18

EUR maintains a tight range – Scotiabank

The final Eurozone CPI for November was revised down to 2.2%, from the preliminary 2.3%. Core inflation was left unchanged at 2.7%. The Euro (EUR) is virtually flat on the day and ignored the data as tight range trading extended for another day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Fxstreet

Wed, Dec 18

CAD holds near low for now – Scotiabank

There is an uncomfortable mix of internal and external uncertainties facing the Canadian Dollar (CAD) right now. The charts suggest no relief for the CAD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Fxstreet

Wed, Dec 18

GBP pressures resistance in low 1.27s – Scotiabank

UK inflation data reflected the expected pick up in prices in November. The Pound Sterling (GBP) picked up a little support over the course of European trade but Cable is finding it difficult to hold gains through the low 1.27s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Fxstreet

Wed, Dec 18