AUDUSD fell on Tuesday morning after RBA kept interest rates unchanged at 4.35% but softened it hawkish tone ( on not ruling anything in or out) from the previous meeting that revived expectations for possible rate cut in February.

AUDUSD fell on Tuesday morning after RBA kept interest rates unchanged at 4.35% but softened it hawkish tone ( on not ruling anything in or out) from the previous meeting that revived expectations for possible rate cut in February.

Trump’s policies will likely incur costs, including for the US; this raises questions about their longevity. Trade wars, anti-immigration policies and a rejection of multilateralism will be high on the agenda. Other countries and regions are bracing for the new reality, with varying levels of adaptability, Standard Chartered’s Senior Economist Philippe Dauba-Pantanacce notes.

Trump’s policies will likely incur costs, including for the US; this raises questions about their longevity. Trade wars, anti-immigration policies and a rejection of multilateralism will be high on the agenda. Other countries and regions are bracing for the new reality, with varying levels of adaptability, Standard Chartered’s Senior Economist Philippe Dauba-Pantanacce notes.

US Dollar (USD) is under mild downward pressure; it could edge lower to 7.2540. The major support at 7.2400 is unlikely to be tested. In the longer run, current price movements are likely part of range trading, probably between 7.2400 and 7.2900, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

US Dollar (USD) is under mild downward pressure; it could edge lower to 7.2540. The major support at 7.2400 is unlikely to be tested. In the longer run, current price movements are likely part of range trading, probably between 7.2400 and 7.2900, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

Euro (EUR) traded little changed, was last seen at 1.0532 levels. This week, EUR may continue to see more volatility because of the political risks in Germany and the upcoming ECB meeting on Thursday, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Euro (EUR) traded little changed, was last seen at 1.0532 levels. This week, EUR may continue to see more volatility because of the political risks in Germany and the upcoming ECB meeting on Thursday, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

AUDUSD gives up gains after RBA’s inflation comments. Trend signals remain negative, support is nearby at 0.6380.

AUDUSD gives up gains after RBA’s inflation comments. Trend signals remain negative, support is nearby at 0.6380.

Chinese measures lift Gold prices Gold prices surged to a two-week high on Monday, December 9th, driven by China’s central bank resuming gold purchases and the country’s plans for additional economic stimulus...

Chinese measures lift Gold prices Gold prices surged to a two-week high on Monday, December 9th, driven by China’s central bank resuming gold purchases and the country’s plans for additional economic stimulus...

USD/JPY: Advance is unlikely to breach the major resistance at 152.00 – UOB Group Further US Dollar (USD) strength appears likely; any advance is unlikely to breach the major resistance at...

USD/JPY: Advance is unlikely to breach the major resistance at 152.00 – UOB Group Further US Dollar (USD) strength appears likely; any advance is unlikely to breach the major resistance at...

Silver price today: Silver rises, according to FXStreet data Silver prices (XAG/USD) rose on Tuesday, according to FXStreet...

Silver price today: Silver rises, according to FXStreet data Silver prices (XAG/USD) rose on Tuesday, according to FXStreet...

USD/JPY traded higher this week after PM Ishiba told parliament that the government is not considering revising a long-standing agreement between BoJ and the government as Japan has not escaped deflation...

USD/JPY traded higher this week after PM Ishiba told parliament that the government is not considering revising a long-standing agreement between BoJ and the government as Japan has not escaped deflation...

Chart-based strategies leverage patterns, levels, and indicators to create actionable trading plans. These strategies are often tailored to specific market conditions like trending or ranging markets. Below are some of the most common and effective chart-based trading strategies in forex.

Chart-based strategies leverage patterns, levels, and indicators to create actionable trading plans. These strategies are often tailored to specific market conditions like trending or ranging markets. Below are some of the most common and effective chart-based trading strategies in forex.

US Dollar (USD) traded a subdued range overnight in absence of key catalyst. Fedspeaks go into blackout so that puts the focus on data before FOMC next Thursday (19 December). DXY was last at 106.35, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

US Dollar (USD) traded a subdued range overnight in absence of key catalyst. Fedspeaks go into blackout so that puts the focus on data before FOMC next Thursday (19 December). DXY was last at 106.35, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Inflation numbers from Hungary this morning should show an increase from 3.2% to 3.8% YoY, slightly above market expectations, and in line with the National Bank of Hungary (NBH) forecast, ING’s FX analyst Frantisek Taborsky notes.

Inflation numbers from Hungary this morning should show an increase from 3.2% to 3.8% YoY, slightly above market expectations, and in line with the National Bank of Hungary (NBH) forecast, ING’s FX analyst Frantisek Taborsky notes.

Danish card data suggests that spending excluding energy increased by 4.5% in November compared to the same month the year before. Adjusting for inflation, spending excluding energy increased by 3.1%. This confirms the trend from October, of a pickup in spending, after a very weak six months.

Danish card data suggests that spending excluding energy increased by 4.5% in November compared to the same month the year before. Adjusting for inflation, spending excluding energy increased by 3.1%. This confirms the trend from October, of a pickup in spending, after a very weak six months.

Last week's stronger-than-expected US jobs report (227K vs 200K forecast) dominated market sentiment. Looking ahead, traders focus on crucial central bank meetings, with the ECB and SNB convening this week, followed by the Fed, BOJ, and BOE next week.

Last week's stronger-than-expected US jobs report (227K vs 200K forecast) dominated market sentiment. Looking ahead, traders focus on crucial central bank meetings, with the ECB and SNB convening this week, followed by the Fed, BOJ, and BOE next week.

Oil volatility, as measured by the CBOE Crude Oil Volatility Index ($OVX), is rebounding after reaching its lowest level since July last Monday. This uptick signals renewed uncertainty in the oil market, with traders adjusting to shifting supply-demand dynamics and broader market conditions.

Oil volatility, as measured by the CBOE Crude Oil Volatility Index ($OVX), is rebounding after reaching its lowest level since July last Monday. This uptick signals renewed uncertainty in the oil market, with traders adjusting to shifting supply-demand dynamics and broader market conditions.

According to Bank of America's latest FX and Rates Sentiment Survey, market expectations for a near-term Bank of Japan (BoJ) rate hike are rising. Nearly 30% of respondents believe the BoJ will hike rates this week, while 45% expect the move to come in January. Additionally, 10% remain uncertain, reflecting high expectations for a rate hike by January. This survey highlights growing market anticipation of policy shifts from the BoJ, which could significantly impact the yen and global financial markets.

According to Bank of America's latest FX and Rates Sentiment Survey, market expectations for a near-term Bank of Japan (BoJ) rate hike are rising. Nearly 30% of respondents believe the BoJ will hike rates this week, while 45% expect the move to come in January. Additionally, 10% remain uncertain, reflecting high expectations for a rate hike by January. This survey highlights growing market anticipation of policy shifts from the BoJ, which could significantly impact the yen and global financial markets.

#Prediction 1. Expected Movement: Retake 153.00, driven by fading hopes of a Bank of Japan (BoJ) rate hike. 2. Key Factors: BoJ's monetary policy, US Dollar advance.

#Prediction 1. Expected Movement: Retake 153.00, driven by fading hopes of a Bank of Japan (BoJ) rate hike. 2. Key Factors: BoJ's monetary policy, US Dollar advance.

The 3-month/10-year yield curve, widely regarded as a more reliable recession indicator compared to the 2-year/10-year curve, has demonstrated a significant shift in recent weeks. Historically, the last four recessions have tended to follow a few months after this curve uninverts. Notably, prior to these instances, the curve typically moved back into positive territory only after a recession had already begun. Since late September, the 3-month/10-year curve has undergone a dramatic resteepening, gaining 21 basis points week-on-week and transitioning into positive territory for the first time since October 2022. As of the latest data, the curve stands at +0.06%, marking a substantial increase of 1.19% since September 11th. This notable move underscores the rapid changes in market expectations and economic sentiment.

The 3-month/10-year yield curve, widely regarded as a more reliable recession indicator compared to the 2-year/10-year curve, has demonstrated a significant shift in recent weeks. Historically, the last four recessions have tended to follow a few months after this curve uninverts. Notably, prior to these instances, the curve typically moved back into positive territory only after a recession had already begun. Since late September, the 3-month/10-year curve has undergone a dramatic resteepening, gaining 21 basis points week-on-week and transitioning into positive territory for the first time since October 2022. As of the latest data, the curve stands at +0.06%, marking a substantial increase of 1.19% since September 11th. This notable move underscores the rapid changes in market expectations and economic sentiment.

Prediction Expected Movement: Pressure on the British Pound due to disappointing macroeconomic data, pushing GBP/USD towards 1.2600. Key Factors: US Dollar demand, UK's October GDP data.

Prediction Expected Movement: Pressure on the British Pound due to disappointing macroeconomic data, pushing GBP/USD towards 1.2600. Key Factors: US Dollar demand, UK's October GDP data.

# EUR/USD 1. Expected Movement: Resume its slide below 1.0500, potentially falling towards 1.0400. 2. Key Factors: European Central Bank's (ECB) decision on interest rates, US Dollar demand.

# EUR/USD 1. Expected Movement: Resume its slide below 1.0500, potentially falling towards 1.0400. 2. Key Factors: European Central Bank's (ECB) decision on interest rates, US Dollar demand.