Russian central bank to resume domestic FX market interventions from January By Reuters

© Reuters. FILE PHOTO: A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: “Bank of Russia”. REUTERS/Shamil Zhumatov/File Photo MOSCOW (Reuters) – The Russian central bank said on Monday it would resume domestic foreign exchange market interventions from January 2024, taking into account FX purchases

Euro extends the recovery to the 1.0960 area

Share: The Euro maintains the bullish stance against the US Dollar. European stocks trade mostly on the defensive on Monday. ECB President Christine Lagarde to speak later in the session. The Euro keeps the bid bias unchanged against the US Dollar, motivating EUR/USD to flirt with the area of recent peaks around 1.0960 at the beginning of

FTSE 100, DAX 40 and S&P 500 Begin the Week on a Quiet Note

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 – Analysis and Charts ​​​FTSE 100 remains side-lined ​Last week the FTSE 100 traded sideways below the 55-day simple moving average (SMA) at 7,505, and this week is expected to continue to do so, at least for a few more days.

Month-end cautious approach

A wait-and-see stance is all but assured at the last policy meetings of 2023 for the key central banks, the FOMC, ECB, BoE, BoC, and BoJ. Disinflationary trends in the West have afforded central bankers the opportunity to move to the sidelines to observe. But we and they will have to monitor the data into

BoJ Policy Change Reinforced by Japanese CPI

USD/JPY ANALYSIS & TALKING POINTS Japanese inflation keeps pressure on BoJ to shift policy. Strong emphasis on US economic data that includes core PCE. Upside risks remain despite solid start to the week for the yen. Supercharge your trading prowess with an in-depth analysis of the Japanese Yen outlook, offering insights from both fundamental and

Dollar slips on bets US rates have peaked By Reuters

© Reuters. FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Picture taken August 28, 2018. REUTERS/Marcos Brindicci By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private

USD/INR extends the rally amid India holiday

Share: Indian Rupee loses ground on the renewed US Dollar demand on Monday.  The Reserve Bank of India (RBI) anticipated a 6.5% expansion in the Indian economy from July to September. Indian GDP data (Q2) and US growth numbers (Q3) will be the highlight this week.  Indian Rupee (INR) edges lower on Monday

Light data docket sets up mixed picture ahead of European trading

There isn’t much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently – still down 0.2%. But commodity currencies are marginally lower against the greenback,

Asia FX inches lower, dollar steady before swarm of economic data By Investing.com

© Reuters. Investing.com– Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders hunkered down before a string of key economic readings due this week.  Mixed signals from China weighed on sentiment, as data showed a sustained, albeit narrowing decline in . Top Chinese government officials called on Beijing to unlock more