USD/CHF hangs around 0.8530, risk-aversion emerges after Houthi’s attack on USS Laboon
The USD/CHF pair moves sideways in the presence...
Swiss Franc gains against US Dollar despite latter’s indecision
The Swiss Franc (CHF) gained slightly...
USD/CAD to continue its downtrend toward 1.30 by year-end – BofA
Economists at the Bank of America...
India Gold price today: Gold rises, according to MCX data
Gold prices rose in India on Thursday,...
GBP/USD: Scope for more losses over the next few weeks on weakness through key support at 1.2610 – Scotiabank
GBP/USD holds range amid still bullish...
Euro area Retail Sales decline by 0.3% in November as expected
Retail Sales in the Euro area declined by 0.3% on a monthly basis in November, Eurostat reported on Monday. This reading followed the 0.4% (revised from 0.1%) increase recorded in October and came in line with the market expectation.
EUR/USD ends NFP Friday near where it started after rejection from 1.1000
The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index of Consumer Prices (HICP) for the year ended December climbing to 2.9% versus November’s YoY 2.4%. Markets were expecting a print of 3.0%, but higher inflation of any amount reduces the chances of the European Central Bank (ECB) cutting interest rates to reduce borrowing and lending costs.
Gold price flat-lines amid pre-NFP subdued trading action, bearish bias remains
Gold price (XAU/USD) extends its sideways consolidative price move for the second successive day and oscillates below the $2,050 level through the early European session on Friday. Traders now seem reluctant to place aggressive directional bets and prefer to wait for the release of the official US monthly employment details.
ADP Employment Report Preview: US private-sector jobs set to increase modestly in December
The ADP Research Institute will release the December Jobs Survey on Thursday. The survey is an independent estimate of private-sector employment and pay, usually released two days ahead of the official Nonfarm Payrolls (NFP) report.
Japanese Yen languishes near daily low against USD; bulls not ready to give up yet
The Japanese Yen (JPY) kicks off the new year on a weaker note in the wake of a devastating earthquake in central Japan on Monday. Apart from this, a modest US Dollar (USD) strength, bolstered by a further rise in the US Treasury bond yields, remains supportive of the bid tone surrounding the USD/JPY pair through the first half of the European session. That said, the divergent expectations about the future policy action by the Bank of Japan (BoJ) and the Federal Reserve keep a lid on any further gains for the major.
