Market news

GBP/USD to dip below the 1.30 level in the middle of the year – Rabobank

USD/MXN at monthly highs above 20.70 as US dollar jumps

WTI hits fresh multi-year highs in mid-$88.00s before bout of proft-taking sends prices back to mid-$86.00s

United States EIA Natural Gas Storage Change came in at -219B, below expectations (-216B) in January 21

US: Pending Home Sales fall by 3.8% in December versus expected 0.2% decline

United States Pending Home Sales (YoY) down to -6.9% in December from previous -2.7%

United States Pending Home Sales (MoM) below expectations (-0.2%) in December: Actual (-3.8%)

US Dollar Index: Upside takes a break and returns to 97.00

USD/CAD steady around 1.2670s after BoC and Fed hawkish hold

Russia-Ukraine: Four possible scenarios, energy prices to remain elevated – ABN Amro

AUD/USD trading near lowest since early December at 0.7070 as buck remains buoyant

GBP/USD to extend its slump to the 1.33 level on a break under 1.3350 – Scotiabank

Breaking: Gold drops below key $1,800 area

EUR/USD to aim for a test of 1.10 soon – Scotiabank

EUR/USD bounces off new lows near 1.1130 post-US data

USD/CAD: Weak trend momentum argues against an extended move up – Scotiabank

GBP/USD struggles near one-month low, just above mid-1.3300s post-US data

United States Durable Goods Orders ex Transportation registered at 0.4%, below expectations (0.5%) in December

United States Durable Goods Orders registered at -0.9%, below expectations (-0.5%) in December

United States Gross Domestic Product Price Index registered at 7% above expectations (6%) in 4Q

US: Weekly Initial Jobless Claims fall to 260K vs. 260K expected

United States Gross Domestic Product Price Index above expectations (6%) in 4Q: Actual (6.9%)

United States Personal Consumption Expenditures Prices (QoQ) up to 6.5% in 4Q from previous 5.3%

United States Core Personal Consumption Expenditures (QoQ) in line with forecasts (4.9%) in 4Q

US: Durable Goods Orders fell by 0.9% MoM in December vs. 0.5% expected drop

United States Gross Domestic Product Annualized registered at 6.9% above expectations (5.5%) in 4Q

Breaking: US economy grows by 6.9% annualised in Q4 vs. 5.5% expected

United States Continuing Jobless Claims came in at 1.675M, above forecasts (1.65M) in January 14

United States Initial Jobless Claims meets expectations (260K) in January 21

United States Initial Jobless Claims 4-week average: 247K (January 21) vs 231K

United States Durable Goods Orders ex Defense declined to 0.1% in December from previous 2%

USD/JPY rallies further beyond 115.00 mark, over two-week high ahead of US data

South Africa SARB Interest Rate Decision in line with forecasts (4%)

EUR/USD Price Analysis: A test of 1.1000 in the offing?

Gold and Bitcoin rise when long-term interest rates are low and central bank money supply increases – Natixis

EUR/GBP slides lower into 0.8330s as FX markets focus on central bank divergence post-hawkish Fed

Russia Central Bank Reserves $: $639.6B vs $638.2B

US Dollar Index Price Analysis: The rally now targets 97.80

Gold Price Analysis: XAU/USD pressured to $1810 area as buck, US yields break higher post-hawkish Fed

When is the US GDP report and how could it affect EUR/USD?

EUR/JPY Price Analysis: Next on the downside comes 127.50

USD/CHF surges to two-month high, retakes 0.9300 mark amid explosive USD rally

Mexico Trade Balance s/a, $ declined to $-1.838B in December from previous $0.463B

Mexico Trade Balance, $ came in at $0.59B, below expectations ($1.1B) in December

India M3 Money Supply declined to 9.1% in January 14 from previous 9.9%

Silver Price Analysis: XAG/USD slides to 50% Fibo. support, around $23.00 mark

Breaking: EUR/USD extends slide to fresh 19-month lows near 1.1180

USD/CAD sticks to gains near three-week high, bulls await a sustained move beyond 1.2700

ECB's Kazimir: Eurozone inflation should peak in nearest months, then decline

GBP/USD: Scope for further weakness yet to 1.3376 – Credit Suisse

S&P 500 Index: Close below 4164 towarn of further weakness to 4057 – Credit Suisse

GBP/USD: Violation of 1.3400 support to open the door for a decline toward 1.3350

NZD/USD pares intraday losses to 15-month low, shows some resilience below 0.6600 mark

USD/TRY sits at weekly highs above 13.60 ahead of CBRT's inflation report

AUD/USD: Decline to extend on a break below 0.6991 – Credit Suisse

EUR/USD to resume the downtrend towards the 1.1019/02 area – Credit Suisse

AUD/USD Price Analysis: Not out of the woods yet, focus on daily close

Singapore: Industrial Production remains solid – UOB

EUR/USD remains under pressure and breaches 1.1200

South Africa Producer Price Index (YoY) came in at 10.8%, above forecasts (10.2%) in December

South Africa Producer Price Index (MoM) came in at 1.3%, above forecasts (0.75%) in December

USD/JPY reclaims 115.00 mark amid stronger USD, US macro data eyed for fresh impetus

Brent Oil to enjoy further gains towards $92.50, then $95.00/96.30 – SocGen

Gold Price Forecast: XAU/USD sees a dead cat bounce towards $1,822 – Confluence Detector

EUR/USD: Next stop on the downside is at 1.1185 – SocGen

USD/ZAR: Overcoming the 15.60 resistance is crucial for an extended rebound – SocGen

Italy Industrial Sales n.s.a. (YoY) up to 22.2% in November from previous 16.9%

Italy Industrial Sales s.a. (MoM) dipped from previous 2.8% to 2.4% in November

Austria Purchasing Manager Index climbed from previous 58.7 to 61.5 in January

USD’s renewed upward momentum reinforced by hawkish Fed update – MUFG

AUD/NZD to extend recent gains toward 1.0800 – Westpac

GBP/USD: Easing of restrictions and potential BoE hike to trigger a lift to 1.3625 – Westpac

EUR/USD to fall to its weakest level since July 2020 if 1.1200 support fails

US Dollar Index to rally towards 99-100 on a break above last year’s highs at 96.94 – Westpac

GBP/USD drops to fresh monthly low, bears flirt with 1.3400 mark amid strong USD

USD/CNH: Downside pressure now looks abated – UOB

US Dollar Index pushes higher and clinches new 2022 high past 96.80

Gold Price Forecast: XAU/USD to open up support at $1,691/76 on removal of $1,759/54 – Credit Suisse

EUR/USD: Failure to hold above 1.14 to trigger a retest of the 1.1000-50 area – Westpac

EUR/USD is likely to enter a new lower 1.10/12 trading range – TDS

Spain Unemployment Survey came in at 13.33% below forecasts (14.2%) in 4Q

US Dollar Index to run towards late November peak at just under 97.00 – ING

Fed: More upside potential for US yields and more downside for EUR/USD – Nordea

EUR/USD to sink towards 1.08 by the end of 2Q22 – ING

NZD/USD to sustain further losses below the 0.6600 level – Westpac

Oil: On a path toward $100/b amid concerns surrounding possible deficits – TDS

USD/JPY: Extra gains expected above 105.05 – UOB

Natural Gas Futures: Upside lacks conviction

USD/CAD to stay on a downtrend and hit 1.22 in 4Q22 as delayed hike is no game changer – ING

AUD/USD shifts the attention to the 0.7060 region – UOB

Norway Labour Force Survey down to 3.4% in 4Q from previous 4.2%

Palladium Price Analysis: XPD/USD eases from nine-month-old resistance to $2,300

Forex Today: Dollar rallies, global stocks plunge, focus shifts to US GDP data

Gold Price Forecast: XAU/USD to suffer more declines on a break below $1,800

Switzerland Imports (MoM) dipped from previous 19025M to 17508M in December

Germany Gfk Consumer Confidence Survey above expectations (-7.8) in February: Actual (-6.7)

Switzerland Exports (MoM) declined to 21201M in December from previous 25186M

Switzerland Trade Balance down to 3693M in December from previous 6161M

Crude Oil Futures: Still scope for extra gains

Fed likely to hike rates by 50bps in March – Nomura

EUR/USD Price Analysis: Eyes 2021 lows near 1.1185 on hawkish Fed-led decline

GBP/USD risks extra losses near term – UOB

NZD/USD: Risk reversal snaps two-day uptrend as bears attack 0.6600 to renew 15-month low

USD/CHF climbs to mid-0.9200s, over two-week high amid sustained USD buying

Gold Futures: Downside looks limited

Gold Price Forecast: XAU/USD drops towards $1,800 on bullish channel break, US GDP eyed

EUR/USD now looks to 1.1210 – UOB

Bullish bets on China’s yuan seen at highest since June – Reuters poll

Asian Stock Market: Bears on the move as Fed played hawkish tune

USD/CAD Price Analysis: Bulls attack 50-DMA to renew three-week top above 1.2700

GBP/USD refreshes monthly low under 1.3450 as Fed, Brexit and UK politics favor bears

WTI crude oil eases from eight-year high to $86.00 as post-Fed risk-aversion dominates

USD/JPY Price Analysis: 21-DMA guards immediate upside

EUR/USD stays pressured in Asia as shares slump on Powell's hawkish rehtoric

GBP/JPY Price Analysis: Bears sinking their teeth into what could be a fresh daily impulse

China’s new ambassador to Australia calls on to get ties back on ‘right track’

AUD/USD tracks S&P 500 Futures to print seven-week low under 0.7100

Commodities. Daily history for Wednesday, January 26, 2022

USD/IDR Price News: Rupiah renews weekly bottom near $14,400 after Fed, BI Governor’s speech

China Evergrande tumbles after it says targeting restructuring proposal within six months

USD/INR Price News: Indian rupee refreshes monthly low above 75.00 after Fed showdown

Silver Price Aanlysis: Bears look to the 78.6% Fibo near 23.20

S. Korean Vice FinMin: Will act to stabilize market if needed

USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50

Schedule for today, Thursday, January 27, 2022

USD/CNY fix: 6..3382 vs the last close of 6.3206

AUD/USD Price Analysis: Bulls look to 0.7120 while bears have eyes on 0.70 the figure

NZD/USD Price Analysis: Renews yearly low under 0.6650, four-month-old support eyed

US Dollar Index: Treasury yields probe post-Fed DXY rally at five-week top

GBP/USD Price Analysis: 200-SMA, monthly support test bears post-Fed

Australia Import Price Index (QoQ) up to 5.8% in 4Q from previous 5.4%

Australia Export Price Index (QoQ) fell from previous 6.2% to 3.5% in 4Q

Gold Price Forecast: Bears take profits, bulls look to $1,830

USD/JPY: Bulls cheer firmer yields, hawkish Fed to approach 115.00, US GDP eyed

Australia Westpac Leading Index (MoM) dipped from previous 0.12% to -0.03% in December

Currencies. Daily history for Wednesday, January 26, 2022

Ireland Consumer Confidence rose from previous 74.9 to 81.9 in January

USD/CAD retreats towards 1.2650 on upbeat oil prices after Fed, BOC meetings

Japan Foreign Investment in Japan Stocks rose from previous ¥-13B to ¥10.2B in January 21

Japan Foreign Bond Investment declined to ¥-107.1B in January 21 from previous ¥928.2B

Australia Westpac Leading Index (MoM) dipped from previous 0.12% to 0% in December

EUR/USD Price Analysis: Remains vulnerable to test 2021 low post-Fed

US dollar: Buy the dips on a trend basis into Fed rate liftoff – BofA

RBA to scrap QE on February 1, wait with rate hikes till November – Reuters poll

AUD/USD defends 0.7100 after Fed showdown, focus shifts to US GDP

NZD/JPY Price Analysis: Seesaws around 76.28 post-Fed monetary policy meeting

New Zealand CPI beats but NZD/USD holds in bearish territory

Chile BCCH Interest Rate above forecasts (5.25%) in February: Actual (5.5%)

New Zealand Consumer Price Index (YoY) came in at 5.9%, above expectations (5.7%) in 4Q

New Zealand Consumer Price Index (QoQ) above expectations (1.3%) in 4Q: Actual (1.4%)

Breaking: Tesla (TSLA) Q4 earnings beat but shares drop 6%

South Korea BOK Manufacturing BSI came in at 93, above forecasts (92) in February

GBP/USD bears push sterling to the edge of the abyss, 2022 lows eyed

Forex Today: Plenty of room for rate hikes, according to Fed’s Powell

Powell speech: Expects progress on inflation in second half of year

EUR/USD bears shift into gear on hawkish Fed Powell

S&P 500 Price Analysis: Rejected at the 200-DMA slumps under 4320 amid Fed’s Powell press conference

Powell speech: There is a risk high inflation will be prolonged, even though its not our base case

US dollar moves to the top spot on the CSI on Fed Powell's hawkish pivot

Powell speech: FOMC is “of a mind” to raise rates at the March meeting

Powell speech: Both sides of our mandate are calling for Fed to move away from highly accommodative stance

AUD/USD plunges under 0.7120 as Fed’s Chair Powell hit the stage

Powell speech: No decisions yet on the timing and pace of balance sheet reduction, rate hikes

Powell speech: with elevated inflation, strong labour market, we will continue to adapt policy

GBP/USD little changed just above 1.3500 post-Fed policy announcement as Powell presser gets underway

USD/JPY spiked to 114.48 though retreated to 114.30 post-Fed monetary policy meeting

EUR/USD: Fed's relatively dovish statement fails to move the needle out of familiar territories

United States Fed Interest Rate Decision in line with expectations (0.25%)

Breaking: Fed leaves policy rate unchanged, says will soon be appropriate to raise rates

Gold Price Analysis: XAU/USD pulls back to $1830 area amid pre-Fed profit taking

Fed Press Conference: Chairman Jerome Powell speech live stream – January 26

EUR/USD Price Analysis: Subdued around 1.1292 as traders get ready for the Fed

AUD/USD depends on the Fed, but bears are waiting in the wings for downside daily extension

Silver Price Forecast: XAG/USD seesaws around the 50% Fibonacci level at $23.70

USD/CAD eases back to 1.2600 level as risk appetite, stronger oil prices support loonie post-BoC rate hold

BoC's Macklem: Today's decision consistent with deliberate approach, Omicron weighing on economy

BoC's Macklem: Rates will have to rise to counter inflation, bank committed to bring down inflation

Russia Producer Price Index (MoM) down to 0.8% in December from previous 2.7%

Russia Producer Price Index (YoY): 28.5% (December) vs previous 29.2%