FX

USD/CHF extends its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851. The USD/CHF path of least resistance is upwards; once it clears 0.9851, a re-test of 0.9900 is on the cards. The USD/CHF advanced during Friday’s North

WTI tumbles more than 7.50% weekly, registering a fresh 8-month low. Global S&P PMIs in September increased worries of a worldwide recession, weighing on WTI. WTI Price Analysis: A break below $78.00 could pave the way for a fall to $70.00. The US crude oil benchmark, also known as WTI, drops below $80.00 per barrel

US Dollar unstoppable amid risk aversion and positive US economic data. US yields moderate upside as Wall Street falls further. AUD/USD extends weekly losses and trades at its lowest since May 202. The AUD/USD dropped further during the American session amid risk aversion and a stronger greenback. The pair is trading at 0.6540, the lowest

EUR/USD looks south towards 0.9800 as US dollar bulls regain poise. Treasury yields cling to recent gains hawkish Fed outlook, Powell eyed. Ascending triangle breakdown on 1D suggests more declines for EUR/USD. EUR/USD is dropping towards 0.9800 heading towards early European morning, as the US dollar is breaking its consolidative mode to the upside. Investors gear

Gold looks vulnerable as government bond yields continue to rise. Yellow metal peaked at 1684$ and retreated back to the 1670$ area. Price continues to move in a wide range, bearish bias. Gold rose after the beginning of the American session to 1685$, hitting a fresh daily high but it failed to hold above 1680$

AUD/USD remains on the back foot around 29-month low. Trend widening formation, oversold RSI could restrict short-term downside. 50-SMA could test immediate upside, May 2020 bottom can probe bears. AUD/USD bears attack the 0.6600 threshold while refreshing the multi-month low during Thursday’s Asian session. In doing so, the Aussie pair remains inside a falling megaphone

Gold gets a respite, bolstered by increasing tensions between Russia-Ukraine. The US Dollar Index hits a two-decade high above 111.000, the highest since 2007. Gold Price Analysis: Downward biased, despite jumping from weekly lows, boosted by Putin’s commentary. Gold price snaps two days of consecutive losses and climbs, despite broad US dollar strength, courtesy of

Gold price has gone dead cat as investors have sidelined ahead of the Fed policy. The DXY is aiming to print a fresh two-week high above 110.30. Investors should be prepared for a bumper rate hike by the Fed. Gold price (XAU/USD) is displaying a lackluster performance as investors are awaiting the release of the monetary policy

Japanese yen weakens amid a Treasury sell-off. Market participants are looking at the FOMC meeting, Fed is set to raise rates by 75 bps. USD/JPY with a bullish bias in the short term. The USD/JPY rose from under 143.00 to 143.92, reaching the highest level in almost a week as US yields jumped on the

A rebound move after defending the two-year low at around 0.6680 has strengthened aussie bulls. The 50-EMA at 0.6713 has acted as major support for the antipodean. A bullish range shift by the RSI (14) will trigger an upside momentum. The AUD/USD pair has rebounded sharply after correcting to near 0.6713 in the Tokyo session.

The British pound remains weak with the GBP/USD pair trading below the 1.14 level. Economists at Scotiabank expect cable to suffer more losses. Key resistance not seen until 1.1740/50 “Sterling is soft and continues to pressure minor support (last week’s low) at the 1.1350/55 area.”  “The broader trend lower in cable remains intense and deeply

“US military would defend Taiwan in the event of an invasion by China,” American President Joe Biden said in an interview on US TV. Additional comments “We are going to get control of inflation.” “I am more optimistic than I have been in a long time.” “Ukraine is not losing the war, is making gains

GBP/JPY is set to finish the week with decent losses of 1.28%. From a daily chart perspective, the cross-currency GBP/JPY shifted to neutral biased. Short term, the GBP/JPY is about to hit 162.30. the head-and-shoulders target. The GBP/JPY drops for the four consecutive trading session, down by 0.86% on Friday, after Wall Street finished the

GBP/USD recovers some ground after hitting 1985’s lows, ahead of next week’s BoE/Fed decisions The British pound trims its earlier losses against the greenback after hitting a 37-year low around 1.1350, and recovers the 1.1400 thresholds after registering weaker-than-estimated retail sales, fueled speculations of the UK’s tapping into a recession. At the time of writing,

Silver price is erasing Thursday’s losses up by almost 2% on Friday. September’s US economic data justifies the Fed’s 75 bps rate hike. The US Consumer Sentiment improved, showing US citizens resilience despite a worsening economic outlook. The silver price climbed as the Wall Street close looms, gaining 1.85% during the day, caused by a

Adobe is said to be buying Figma for $20 billion. The acquisition price is estimated to be around 50 times revenue. ADBE sold off 16.8% on the news. UPDATE: Adobe stock has dropped 4.4% to break the $300 psychological level on Monday. This demonstrates that Thursday’s thrashing due to its expensive acquisition of Figma will not be

USD/CNH remains firmer near the highest levels since July 2020, retreats from top of late. China’s August month Industrial Production, Retail Sales and housing data came in firmer. Pullback in the US Treasury yields seems to test the buyers amid a sluggish session. Second-tier US numbers eyed ahead of the next week’s FOMC. USD/CNH bulls

HKD rallied more than 300% on Wednesday. HKD has charged up more than 57% toward $300 on Thursday. AMTD Digital was halted 11 times during Wednesday’s session. AMTD Digital (HKD), the Chinese penny stock that was momentarily worth more than Walmart (WMT) back in early August, is once again making waves. It opened about 34%