By Himanshi Akhand (Reuters) – Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand, while the threat of potential U.S. tariffs undermined the appeal of risky Asian assets, a Reuters poll showed on Thursday. Short bets on the Chinese […]
Franklin Templeton has become the largest user of foreign exchange options among US mutual funds, taking the top spot from Morgan Stanley Investment Management for the first time since the end of 2020. The California-based fund manager increased notional volumes by around $340 million during the third quarter of 2024, taking the total size of
Investing.com– Most Asian currencies drifted lower on Thursday, coming under pressure from a stronger dollar as hawkish comments from the Federal Reserve furthered bets on a slower pace of rate cuts in 2025. The yen was an outlier, benefiting from increased speculation over an interest rate hike by the Bank of Japan after wage data
Global financial markets are preparing for an important year, 2025. Changes in currency markets and commodity prices will bring both challenges and opportunities for investors, traders, and market analysts. This detailed guide looks at five major themes that will shape the markets in 2025, providing useful insights to help you plan and make smart choices.
The Australian dollar is lower for a second straight trading day. In the North American session, AUD/USD is trading at 0.6214, down 0.27% at the time of writing. The Australian dollar dropped as low as 0.60% but has pared much of those losses. Australian headline CPI rises while core CPI falls Australia’s inflation report was
The British pound is under pressure due to Donald Trump’s potential tariff policies, causing volatility in GBP/USD and global markets. GBP/USD is approaching its 2024 yearly low, with potential for further downside if Trump’s tariff rhetoric continues and the US dollar strengthens. GBP/JPY’s price action is uncertain due to conflicting signals from the Bank of
The yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 158.33, up 0.19% on the day. Japan’s consumer confidence for December data showed a slight decline, falling to 36.2 from 36.4 in November. This missed the market estimate of 36.4 as consumers remain in a pessimistic mood about economic conditions.
Scope for US Dollar (USD) to test 158.50; a breach above this level is not ruled out, but any further advance is highly unlikely to reach 159.00. In the longer run, USD is expected to trade with an upward bias against the Japanese Yen (JPY); any advance is expected to face significant resistance at 159.00,
US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5. Canada’s Prime Minister Justin Trudeau announced plans to resign. The USD/CAD price analysis shows further support for a gradual Fed easing cycle. The US released upbeat data on Tuesday, which boosted the dollar
Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan since November has added to more woes to the Hang Seng Index. Watch the 19,700/20,130 key medium-term resistance on the Hang Seng Index. This is
Germany’s Retail Sales fell 0.6% MoM in November after declining 1.5% in October, the official data released by Destatis showed on Wednesday. Annually, Retail Sales in the Eurozone’s top economy rose by 2.5% in November versus 1.9% expected and 1.0% in October. EUR/USD reaction to the German data Mixed German data serves negative for the Euro, driving EUR/USD slightly lower at
The Australian Dollar depreciated as Australia’s trimmed mean fell to an annual 3.2% from 3.5%. Australia’s monthly Consumer Price Index increased by 2.3% YoY in November, the highest level recorded since August. The US Dollar appreciated as the 10-year yield on US Treasury bonds rose by over 1% on Tuesday. The Australian Dollar (AUD) faced challenges
Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,303.81 Indian Rupees (INR) per gram, down compared with the INR 7,313.69 it cost on Tuesday. The price for Gold decreased to INR 85,189.29 per tola from INR 85,305.47 per tola a day earlier. Unit measure
WTI price gains traction to near $74.15 in Wednesday’s Asian session. US crude oil inventories fell by 4.022 million barrels last week, according to the API. Oil traders brace for the FOMC Minutes on Wednesday ahead of the US December NFP report. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.15
NZD/USD softens to around 0.5635 in Wednesday’s early Asian session. The stronger US data suggested the Fed is likely to slow the easing cycle. Investors will monitor how aggressive Trump’s tariff plans could be when he takes office. The NZD/USD pair trades with mild losses near 0.5635 during the early Asian session on Wednesday. The upbeat
Gold climbs to $2,664 but faces pressure from a strong US labor market and Trump’s assertive tariff plans. Trump’s unexpected remarks on reclaiming the Panama Canal and imposing tariffs on neighbors bolster the US Dollar. People’s Bank of China boosts gold reserves, signaling increased demand as global economic uncertainties persist. Gold price advanced late in
