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USD/JPY is expected to keep the 140.00-143.30 range for the time being, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We did not expect the sharp drop that sent USD tumbling to a low of 141.54 (we were expecting it to trade in a range

USD/JPY stands above the 50- and 100-hour EMAs with an upward slope. The immediate resistance emerges at 142.60; the key contention is located at 142.00. The Relative Strength Index (RSI) stands below 50, MACD holds in bearish territory. The USD/JPY pair reverses Friday’s pullback and holds ground a

The Sterling trade-weighted index is only marginally weaker since the Bank of England 'only' hiked by 25 bps last Thursday. Economists at ING analyze GBP outlook. Upside bias in EUR/GBP into year-end We look for one more hike to 5.50% in the Bank Rate (probably at the September meeting) before the B

The index regains the smile and retest the 102.30 area. Fed’s Bowman advocated for further tightening if needed. US inflation figures will be the salient event this week. The greenback, when gauged by the USD Index (DXY), leaves behind part of the recent weakness and reclaims the area around 102.30

Considering advanced prints from CME Group for natural gas futures markets, open interest rose marginally by 221 contracts at the end of last week, resuming the uptrend following the previous small drop. On the other hand, volume went down for the second straight session, now by around 68.2K contrac

The Czech Koruna weakened sharply after the central bank formally ended its FX intervention framework. Economists at Commerzbank analyze CZK outlook. Broader EM sell-off and will likely reverse as and when the market switches back to risk-on The end of the FX intervention regime should not make much

. Silver comes under fresh selling pressure on Monday and seems vulnerable to sliding further. Failure near the 50% Fibo. and negative oscillators on the daily chart favour bearish traders. A sustained move beyond the $24.00 confluence is needed to negate the negative outlook. Silver struggles to ca

The softer headline US employment figure provided something of a reprieve to EUR/USD on Friday. Economists at ING expect the pair to hold 1.0920 – the 100-Day Moving Average. 100-DMA seems to be holding EUR/USD The pair seemed to find support around the 100-DMA which is now just above 1.

NZD/USD regains positive traction on Monday, albeit lacks follow-through. A positive tone around the US equity futures benefits the risk-sensitive Kiwi. Bets for more Fed rate hikes revive the USD demand and act as a headwind. The NZD/USD pair attracts some dip-buying on the first day of a new week

Economists at Société Générale analyze GBP/USD technical outlook. Last week's high of 1.2870 must be overcome to affirm a larger up-move GBP/USD has embarked on a phase of pullback after facing stiff resistance near the upper limit of a multi-month channel near 1.3180. It is now challenging th

Pound Sterling finds significant pressure as higher interest rates deepen recession fears. The United Kingdom’s outlook turns out bleak as tight policy dampens economic prospects. BoE Pill said higher unemployment and lower vacancies would eventually lead to lower wage growth. The Pound Sterling (GB

GBP/JPY snaps three-day downtrend but lacks follow-through. 21-EMA, bearish MACD signals prod pair buyers even as upbeat yields, cautious optimism favor upside. Downbeat prints of preliminary readings of Q2 UK GDP, break of 50-EMA can convince sellers to retake control. GBP/JPY retreats from intrada

The Dollar eased quite notably following the publication of Nonfarm Payrolls. Ulrich Leuchtmann, Head of FX and Commodity Research, analyzes USD reaction. Gleanings from the US labor market report The USD bears were able to refer to the fact that the NFP, the number of new jobs outside farming, was

AUD/JPY stays defensive around 93.50, gaining 0.37% for the day. The cross trades within a descending trend channel line from the middle of June on the four-hour chart. The immediate resistance level for AUD/JPY is seen at 94.00; an initial support level is located at 93.00. The AUD/JPY cross strugg

EUR/GBP retreats from intraday high after rising in the last four consecutive days. German Industrial Production growth contracts more than expected in June. Fears of downbeat UK employment conditions, economic fears about Britain check pair bears. UK Q2 GDP, second-tier data from Eurozone/Germany m