News
Important Only
CAD holds narrow range around 1.44 – Scotiabank
The Canadian Dollar (CAD) is little changed on the session. The immediate focus for local markets is on tomorrow’s labour market update but the data perhaps won’t add too much to short-term FX dynamics, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Thu, Jan 9
USD/CNH: Chance to retest the 7.3700 level – UOB Group
US Dollar (USD) is expected to trade in a range between 7.3430 and 7.3615. In the longer run, room for USD to retest the 7.3700 level; it is too early to determine if it can break and remain above this level, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Thu, Jan 9
AUD/USD: Below 0.6180 before further weakness can be expected – UOB Group
Provided that Australian Dollar (AUD) remains below 0.6245, it could test the major support of 0.6180 before a rebound is likely. In the longer run, AUD must break and remain below 0.6180 before further weakness can be expected, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Thu, Jan 9
GBP exceptionalism under pressure – ING
Our best understanding of yesterday's Pound Sterling (GBP) sell-off is that the global bond market sell-off touched a raw nerve in the gilt market and that then the gilt spread widening prompted investors to cut back on overweight GBP positioning, ING FX analyst Chris Turner notes.Fxstreet
Thu, Jan 9
GBP/USD: Significant support level at 1.2300 can be out of reach – UOB Group
The Pound Sterling (GBP) is likely to decline; the significant support level at 1.2300 could be out of reach. In the longer run, risk has shifted to the downside but note that there is a significant support level at 1.2300, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Thu, Jan 9
EUR/USD: Below 1.0255 before further losses can be expected – UOB Group
Instead of declining further, EUR is more is likely to trade in a 1.0275/1.0355 range. In the longer run, EUR has to break clearly below 1.0255 before further losses can be expected, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Thu, Jan 9
USD: Quieter bond markets should calm things – ING
How to categorize the first three trading days this week? Monday saw sharp intra-day FX swings on speculation over incoming US tariffs. Tuesday saw Trump's wide-ranging press conference espousing expansionist US foreign policy (including more tariff threats).Fxstreet
Thu, Jan 9
Forex Today: Markets await comments from Fed officials ahead of Friday's job report
Here is what you need to know on Thursday, January 9: The US Dollar (USD) gathered strength against its rivals for the second consecutive day on Wednesday as markets assessed US data releases and news on President-elect Donald Trump's tariff plans.Fxstreet
Thu, Jan 9
USD jumps on Trump tariff threat – Scotiabank
The US Dollar (USD) is tracking higher. Headlines indicating that Trump might cite a national economic emergency as the justification for a new round of broadly applied tariffs is driving the USD higher in early trade, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Wed, Jan 8
