Market news

AUD/USD to soar towards 0.74 by year-end as aussie becomes less sensitive to swings in risk appetite – Rabobank

Gold Price Forecast: XAU/USD hits levels above $1850 for the first time in two months and retreats

USD/CAD dips back from session highs in 1.2660s to flat with traders reluctant to sell loonie pre-BoC

Silver Price Forecast: XAG/USD hovers around $23.80 amid a risk-off market mood

EUR/USD bounces off new YTD lows near 1.1260

US: CB Consumer Confidence falls to 113.8 in January versus expected drop to 111.8

United States Richmond Fed Manufacturing Index declined to 8 in January from previous 16

WTI prices sag to mid-$83.00s in tandem with US equity market downside after Monday’s wild swings

United States Redbook Index (YoY): 15.6% (January 21) vs 15.2%

United States Housing Price Index (MoM) above forecasts (1%) in November: Actual (1.1%)

Belgium Leading Indicator down to 2.7 in January from previous 3.6

United States S&P/Case-Shiller Home Price Indices (YoY) registered at 18.3% above expectations (18%) in November

GBP/USD Price Analysis: Bounces off multi-week low, shows some resilience below 50% Fibo.

GBP/USD to plummet to the 1.32 level on a break below 1.34 – Scotiabank

S&P 500 Index: Consolidation phase into the FOMC with resistance at 4430/50 capping – Credit Suisse

EUR/USD: Slide below 1.13 to find support around the mid-1.12s – Scotiabank

USD/TRY looks bid, climbs to 4-day highs near 13.60

EUR/GBP dips back under 0.8400 after hitting near one-month highs amid equity market turmoil

USD/CAD remains confined in a range around mid-1.2600s, awaits BoC/Fed on Wednesday

Gold Price Forecast: XAU/USD to drift back lower on a hawkish Fed

Gold Price Analysis: XAU/USD drops back under $1840 but remains resilient within recent ranges

AUD/USD refreshes daily low, around 0.7125-20 area amid broad-based USD strength

EUR/USD Price Analysis: Sellers now target the 1.1220 zone

US Dollar Index Price Analysis: Extra gains seen above 96.50

EUR/JPY Price Analysis: Still scope for extra decline

Singapore: Inflation accelerated in December – UOB

USD/CNH: Still scope for a drop to 6.3180 – UOB

ECB's Lane: We do not see a big response of wages to inflation

USD/JPY clings to modest intraday gains near two-day high, just above 114.00 mark

GBP/USD struggles to gain any meaningful traction, stuck in a range below 1.3500 mark

EUR/USD: Unlikely to shake off the bearish pressure while below 1.1330

USD/CHF jumps to near two-week high, 0.9200 back in sight amid stronger USD

USD/CNH to sustain further losses towards 6.2940 – SocGen

German IFO’s Economist: There is slight easing of supply shortages in industry

Euro Stoxx 50 to suffer a substantial drop to 3760 on a breach of 4000/3965 – SocGen

German IFO Business Climate unexpectedly improves to 95.7 in January

Germany IFO – Expectations came in at 95.2, above forecasts (93) in January

Germany IFO – Business Climate registered at 95.7 above expectations (94.7) in January

Germany IFO – Current Assessment below forecasts (96.3) in January: Actual (96.1)

Equities: Current volatility not a bad thing for long-term investors – UBS

EUR/RUB has the 91.00 level in its crosshairs – SocGen

GBP/JPY hovers around mid-153.00s, bulls managed to defend 200-day SMA

AUD/CAD to slide towards the 0.88 zone on a berak under 0.8970/75 – Scotiabank

‘Risk-off’ flight to the USD, JPY, CHF and gold on a Russia/Ukraine war starting – Rabobank

EUR/CAD: Scope for further gains remains limited at the moment – Scotiabank

Oil to hit $125 on a war between Russia and Ukraine – Rabobank

EUR/USD to end 2022 at 1.15 after falling to 1.10 in the first half of the year – Deutsche Bank

Hungary Gross Wages (YoY) up to 10.2% in November from previous 8.7%

EUR/USD to plummet towards 1.10 on mounting Russia/Ukraine tensions – Rabobank

EUR/USD remains under pressure and challenges 1.1300

NZD/USD struggles near the lowest level since November 2020, below 0.6700 mark

USD/JPY to breach the 113.50 support towards 112.60 on another leg lower for equities – OCBC

AUD/USD to dip further towards December lows at 0.6993 – DBS Bank

USD/SGD to retest 2021 lows of 1.32 on further MAS action – TDS

US Dollar Index looks bid and flirts with the 96.00 area

EUR/USD: Breach of 1.1300 to leave the November low at 1.1186 vulnerable – OCBC

Forex Today: Dollar holds its ground, markets gear up for another bout of flight to safety

Gold Price Forecast: XAU/USD bulls lose conviction amid a death cross

USD/JPY: Downside remains focused on 113.40 – UOB

EUR/JPY Price Analysis: Remains depressed below 129.00, focus on yearly support line

Natural Gas Futures: Rebound could extend further

USD/JPY flat-lined below 114.00 mark, rebounding US bond yields lend support

BOJ’s Kuroda: Important for fx to move stably reflecting economic fundamentals

GBP/USD Price Analysis: Licks wounds below 1.3500, 50-DMA support eyed

NZD/USD faces solid support around 0.6635 – UOB

Crude Oil Futures: Further decline on the cards

Palladium Price Analysis: XPD/USD retreats from two-month top but not out of the woods

GBP/USD: A drop to 1.3400 looks unlikely – UOB

Gold Futures: Scope for extra gains

USD/CAD grinds higher around 1.2650 amid steady oil, sour sentiment

EUR/USD still risks further decline – UOB

NZ PM Ardern: Will proceed with phased border reopening in February despite Omicron

USD/CHF Price Analysis: Further upside hinges on 0.9160 breakout

EUR/USD stays pressured towards 1.1300 as USD cheers risk-off mood

Gold Price Forecast: XAU/USD approaches $1,848 yearly hurdle as risk sentiment dwindles

Asian Stock Market: ASX 200, KOSPI lead bearish momentum

USD/INR Price News: Inverse H&S keeps Indian rupee sellers hopeful below 75.00

USD/JPY tests critical daily support line near 113.70 once again amid risk-aversion

AUD/USD Price Analysis: Bears seeking another test of critical support near 0.71 the figure

NZD/USD hit by a toxic cocktail of risk-off themes

China’s Commerce Ministry: Beijing faces grim foreign trade situation in 2022

GBP/JPY Price Analysis: Key SMAs probe six-day downtrend near monthly low

Commodities. Daily history for Monday, January 24, 2022

US T-bond yields probe four-day downtrend, S&P 500 Futures drop 1.0% on sour sentiment

US dollar’s upside appears limited despite a hawkish Fed outcome – JP Morgan

GBP/USD is testing critical hourly support

US Dollar Index Price Analysis: DXY bulls need validation from 96.00

USD/TRY snaps two-day uptrend around $13.50 amid sluggish markets

Schedule for today, Tuesday, January 25, 2022

USD/CNY fix: 6.3418 vs estimate at 6.3386

BoJ Gov Kuroda: Global commodity price rise is much bigger factor than weak yen in pushing up japan's consumer inflation

AUD/JPY Price Analysis: Challenges bear cross on upbeat Aussie Q4 inflation

AUD/USD rises towards 0.7200 on strong Australia Q4 CPI

Australia Consumer Price Index (QoQ) above forecasts (1%) in 4Q: Actual (1.3%)

Breaking: Aussie CPI comes in hotter and lifts AUD over 26 pips off the bat

Australia Consumer Price Index (YoY) above forecasts (3.2%) in 4Q: Actual (3.5%)

Australia RBA Trimmed Mean CPI (QoQ) above forecasts (0.7%) in 4Q: Actual (1%)

Australia National Australia Bank's Business Conditions came in at 8, below expectations (12) in December

Australia National Australia Bank's Business Confidence below expectations (16) in December: Actual (-12)

Australia RBA Trimmed Mean CPI (YoY) came in at 2.6%, above forecasts (2.4%) in 4Q

USD/JPY fades bounce off five-week low around 114.00 despite firmer yields

Currencies. Daily history for Monday, January 24, 2022

Gold Price Forecast: Bulls make small steps in pursuit of a higher daily high

Silver Price Analysis: XAG/USD sellers eye 100-DMA retest

When is the Australia CPI data and how could it affect the AUD/USD?

WTI Price Analysis: Recovery jostles with monthly support-turned-resistance near $84.00

US inflation expectations extend bounce off four-month low

South Korea Gross Domestic Product Growth (YoY) came in at 4.1%, above expectations (3.7%) in 4Q

South Korea Gross Domestic Product Growth (QoQ) came in at 1.1%, above forecasts (0.9%) in 4Q

EUR/USD Price Analysis: Weekly resistance line, 200-SMA test recovery above 1.1300

AUD/JPY Price Analysis: Trims some earlier losses, steady around 81.00

AUD/USD rebound approaches previous support near 0.7170 ahead of Australia inflation

New Zealand Business NZ PSI: 505 (December) vs 46.5

USD/CAD Price Analysis: Bulls looking for a discount from an hourly correction, eye 1.2720

Forex Today: Risk-sensitive FX recovers from lows, tracking ferocious intra-day Wall Street rebound

GBP/JPY Price Analysis: Steady around 153.60 amid a downbeat market mood

EUR/USD holds steady above 1.1300 as euro’s defensive qualities shield it from broader market sell-off

USD/CHF Price Analysis: Trims some of Friday’s losses, hovers around 0.9130s

USD/TRY Price Analysis: Finally shifting gears beyond key resistance

NZD/USD drops under 0.6700 for first time since November 2020

United States 2-Year Note Auction rose from previous 0.769% to 0.99%

GBP/USD Price Analysis: GBP/USD profit taking in play as US dollar stalls

Gold Price Forecast: XAU/USD steady around $1838 despite broad USD strength

AUD/USD Price Analysis: Bears move the Aussie to the edge of the abyss

AUD/USD:  Australian dollar to weaken moderately in the quarters ahead – Wells Fargo

USD/CAD rallies to 1.2700 level as loonie battered amid broad risk asset rout

S&P 500 craters below 4300 to hit lowest level since July, on course to confirm “correction” from record highs

GBP/USD depressed around 1.3450 amid geopolitical tensions

USD/INR: Fed tightening should contribute to a weaker Indian rupee – Wells Fargo