[ad_1] Share: Canadian Dollar falls back as broader markets turn into the US Dollar. Canada GDP flattens as economy lags, odds of future rate cuts beginning to rise. Fed’s Wednesday rate call has markets twisting, USD is Tuesday’s best performer. The Canadian Dollar (CAD) has seen a quick end to its almost-rally on
[ad_1] Share: EUR/GBP falls from a 5-month high of 0.8754, currently trading at 0.8705. Eurozone inflation drops to 2.9% in October, while GDP for Q3 misses forecasts, contracting by 0.1%. The Bank of England is expected to keep rates unchanged at 5.25% on November 2, as traders priced in rate cuts towards the
[ad_1] Share: Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Key Quotes 24-hour view: We expected GBP to trade in a range of 1.2085/1.2155 yesterday. GBP dipped to a low of 1.2090 before staging a surprising
[ad_1] Share: The GBP/JPY is seeing further downside on Monday, sliding from 182.00. Yen continuing to firm up heading into Tuesday’s BoJ showing. Low-impact UK data came in broadly red for Monday, one last bad print before Thursday’s BoE. The GBP/JPY is trading down into 181.00, with further declines on the cards back
[ad_1] Share: The NZD/USD is back into Friday’s lows as the US Dollar sees a late bid on Friday. The Kiwi continues to face topside rejection as broader markets choose safer havens. Kiwi traders will be looking ahead to next Tuesday’s NZ labor figures. The NZD/USD is ticking back towards 0.5800 heading into
[ad_1] Share: The GBP/JPY slipped back towards the 181.00 handle heading into the Friday close. The Yen is seeing recovery across the marketspace, sending the GBP down 1.3% from the week’s high. BoJ policy statement due next Tuesday, BoE rate call Thursday. The GBP/JPY twisted back into familiar low side territory for the
[ad_1] Share: EUR/GBP bottomed at a low of around 0.8695 and then recovered toward 0.8715. The EUR traded firm on Friday after the ECB’s decision on Thursday to hold rates steady. Focus now shifts to next week’s BoE decision on Thursday, which is also expected to hold rates steady at 5.25%. At the
[ad_1] Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB’s decision to hold rates and scaled back positions for further hikes also weighs on EUR/JPY. The Euro (EUR) lost a step against the Japanese Yen (JPY) on
[ad_1] Share: Mexican Peso extends its gains and is set to finish below the 18.12 mark. Mexico’s trade deficit widens, but Peso holds gains amidst flight to safety in markets. US inflation data justifies higher interest rates, but the market is skeptical of the Fed raising rates past the current range. Mexican Peso
[ad_1] Share: The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA. The CHF is one the worst-performing currencies in the session. The US Dollar is trading soft after PCE figures from September. Hawkish bets on the Fed remain low ahead of next week’s meeting. At the end of the week,
