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NZD/USD: Chance for NZD to test 0.5565 – UOB Group
There is a chance for New Zealand Dollar (NZD) to test 0.5565; a continued decline below this level is unlikely. In the longer run, NZD is expected to move lower; if it breaks below 0.5565, it could decline further to 0.5540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Nov 21
USD/JPY retreats from multi-month high near 157.90 – BBH
USD/JPY edged down to 156.60 after reaching a multi-month high around 157.90 yesterday. Japan’s sticky inflation backdrop, increased fiscal support, and firm economic activity argue for the Bank of Japan (BOJ) to raise rates in December.
Fxstreet
Fri, Nov 21
AUD/USD to weaken further to 0.6430 – UOB Group
There is scope for Australian Dollar (AUD) to weaken further to 0.6430; the major support at 0.6405 is unlikely to come under threat today. In the longer run, the price action suggests there is scope for AUD to test 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Nov 21
Bank of Japan signals chance of December rate hike as yen slides
BOJ will debate feasibility, timing of rate hike, Ueda saysUeda says he wants 'just a bit more data' on wage impulseWeak yen could affect underlying inflation, Ueda saysRemarks come as government ramps up threat of yen interventionBOJ's next meeting on December 18-19 likely to be liveBy ...Reuters
Fri, Nov 21
Sterling treads water as data paints sombre picture before budget
By Ozan Ergenay LONDON, Nov 21 (Reuters) - Sterling was little changed on Friday as investors awaited Britain's upcoming budget, with data showing the economy struggled before next week's major test for the currency and bond market.The pound was last down less than 0.1% against the dolla...Reuters
Fri, Nov 21
GBP/USD might trade between 1.3045 and 1.3120 – UOB Group
Outlook is mixed; Pound Sterling (GBP) could trade between 1.3045 and 1.3120. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Nov 21
EMERGING MARKETS-EM stocks plunge, headed for steep weekly loss as Fed policy jitters build
EM stocks down 2.7%, FX down 0.3%; Stocks on pace for worst week since April 7Emerging Asia stocks plunge 3%Ukraine's bonds extend rally as US-backed truce momentum buildsBy Nikhil Sharma Nov 21 (Reuters) - Emerging Market stocks crashed on Friday, tracking a dramatic global selloff after U.S...Reuters
Fri, Nov 21
RPT-Bitcoin bears dominate: odds of year-end price below $90,000 rise
Bitcoin 'puts' accumulating at $85,000 strikeVolatility spikes over both short and long termBitcoin put skew falls further, suggests bearish sentimentBy Gertrude Chavez-DreyfussNEW YORK, Nov 20 (Reuters) - The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to...Reuters
Fri, Nov 21
EXPLAINER-How US sanctions on Russian oil majors will impact the rouble and economy
MOSCOW, Nov 21 (Reuters) - Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may affect the Russian foreign currency market.Ahead of the deadline, the rouble RUB= was strengthening on reports about a U.S.-drafted plan to end the wa...Reuters
Fri, Nov 21
USD/JPY: Intervention risk on the rise – OCBC
USD/JPY continued to trade near elevated levels. Fiscal concerns, a delay in BOJ policy normalization and USD strength are some of the factors that continued to underpin Japanese Yen (JPY) weakness. PM Takaichi has approved stimulus of JPY17.7tn, much higher than the JPY13.9tn last year.Fxstreet
Fri, Nov 21
FOREX-Yen supported as officials step up verbal intervention, dollar lower
Yen recovers from near 10-month low, down more than 1% for the weekTakaichi's cabinet approves 21.3 trillion yen stimulus packageEasing December Fed cut bets keeps dollar supportedBy Rae Wee and Ozan Ergenay LONDON, Nov 21 (Reuters) - The yen found some support on Friday as Japanese official...Reuters
Fri, Nov 21
US S&P Global PMI expected to show healthy business activity in November
S&P Global will release on Friday the November flash Purchasing Managers' Indices (PMIs) for most major economies, including the United States (US). These surveys of top private sector executives provide an early indication of the business sector’s economic health.Fxstreet
Fri, Nov 21
