News
Important Only
USD: Payrolls should keep Fed cautious – ING
The December US jobs report is released today and consensus is for a 138k payroll print and unchanged 4.2% unemployment rate. Our economics team also expects 4.2%, but is flagging room for a surprise on the strong side. Our house projection is 160k, ING’s FX analyst Francesco Pesole notes.Fxstreet
Jan 10, 2025
EUR/USD: Unlikely to reach the major support at 1.0255 – UOB Group
Euro (EUR) could edge lower; any decline is unlikely to reach the major support at 1.0255. In the longer run, EUR has to break clearly below 1.0255 before further losses can be expected, UOB Group’s FX analyst Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Jan 10, 2025
GBP underperforms as Gilts remain weak – Scotiabank
The Pound Sterling (GBP) fell to its lowest since 2023 before steadying. UK 1OY yields rose 120bps in a handful of disorderly trading days either side of the infamous 2022 UK budget and required the BoE to step in a stabilize the markets, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Jan 9, 2025
EUR diverges further from spreads & fair value – Scotiabank
The Euro (EUR) perked up a little yesterday after finding support in the upper 1.02 region but it is finding the going tough against the USD and marginal gains earlier in the session have reversed, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Jan 9, 2025
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
Jan 9, 2025
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
Jan 9, 2025
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
Jan 9, 2025
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
Jan 9, 2025
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
Jan 9, 2025
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
Jan 9, 2025
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
Jan 9, 2025
