ّّForex News

Copper CTAs to abandon their net longs – TDS

Downside asymmetry in the set-up for Copper flows is forming. Range-bound price action is akin to time-decay for trend signals, which lowers the bar for whipsaws in algo positioning, TDS' Senior Commodity Strategist Daniel Ghali notes.

January 22, 2025 at 03:55:56 PM

Any further strength in Gold is likely to lift Silver – TDS

Algos are going to propel precious metals further. Markets expect CTAs will add to their net length in Gold over the coming week, in any scenario for future prices. This bolsters our conviction that the time for caution in gold has ended, TDS' Senior Commodity Strategist Daniel Ghali notes.

January 22, 2025 at 03:52:08 PM

EUR/GBP Price Analysis: Bullish momentum slows near 0.8450 resistance

The EUR/GBP pair advanced modestly on Wednesday, climbing to 0.8450 as it continues to oscillate within a defined range of 0.8440 to 0.8475.

January 22, 2025 at 03:38:52 PM

USD/CNH: Decline in USD seems excessive – UOB Group

US Dollar (USD) could trade in a range of 7.2550/7.2950. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

January 22, 2025 at 10:18:52 AM

USD/JPY: To trade in a range between 155.00 and 156.00 – UOB Group

US Dollar (USD) is likely to trade in a range between 155.00 and 156.00. In the longer run, despite no pickup in downward momentum, there is a chance for USD to drop further to 154.40, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

January 22, 2025 at 10:08:36 AM

ECB’s Escrivá: A 25 bps cut next week is a likely scenario

European Central Bank (ECB) policymaker José Luis Escrivá said on Wednesday that “a 25 basis points (bps) cut next week is a likely scenario.” Additional quotes ECB needs to wait for hard data to confirm forecasts.

January 22, 2025 at 10:01:00 AM

USD/JPY: Hike has been priced in – OCBC

USD/JPY consolidated after the recent decline. Markets have nearly priced in a 25bp hike (92% probability) at the upcoming MPC (Friday). USD/JPY was last seen trading at 155.70, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

January 22, 2025 at 09:57:27 AM

SNB’s Schlegel: We cannot exclude negative interest rates

“We cannot exclude negative interest rates,” Swiss National Bank (SNB) Chairman Martin Schlegel told Bloomberg TV at the World Economic Forum (WEF) in Davos.

January 22, 2025 at 09:45:00 AM

NZD/USD: Likely to trade between 0.5620 and 0.5690 – UOB Group

Current price movements are likely part of a range trading phase likely between 0.5620 and 0.5690. In the longer run, NZD is likely to continue to rise, potentially reaching the major resistance at 0.5750, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

January 22, 2025 at 09:41:14 AM

ECB’s Villeroy: Disinflation process is still on track

European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Wednesday that “disinflation process is still on track.” Additional quotes It is too early to tell but we could expect inflationary effects from new US policies.

January 22, 2025 at 09:35:46 AM

AUD/USD: Current price action is likely the early stages of a recovery – UOB Group

Australian Dollar (AUD) is likely to trade in a sideways range between 0.6220 and 0.6290. In the longer run, current price action is likely the early stages of a recovery phase that could potentially reach 0.6350, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

January 22, 2025 at 09:30:29 AM

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

January 22, 2025 at 09:30:26 AM

EUR/CAD Price Forecast: Trades near 1.4950 after pulling back from monthly highs

EUR/CAD ends its four-day losing streak, trading near 1.4940 during European trading hours on Wednesday.

January 22, 2025 at 09:17:00 AM

EUR/USD: Bulls need to clear 50-DMA for sustained momentum – OCBC

Euro (EUR) held on to recent gains as fear of universal tariff takes a back seat. EUR was last at 1.0421 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

January 22, 2025 at 09:06:24 AM

GBP/USD: GBP set to test 1.2375 – UOB Group

Chance for Pound Sterling (GBP) to test 1.2375; major resistance at 1.2410 is unlikely to come into view. GBP view is positive, anticipating a move to 1.2410, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

January 22, 2025 at 08:59:07 AM

EUR/USD: Current price action is part of a recovery phase – UOB Group

Euro (EUR) is likely to trade in a range, probably between 1.0345 and 1.0440. In the longer run, current price action is part of a recovery phase that could extend to 1.0480, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

January 22, 2025 at 08:39:16 AM

ECB's Knot sees little obstacle to another rate cut next week

European Central Bank (ECB) policymaker and a hawk Klaas Knot noted on Wednesday that he “sees little obstacle to another rate cut next week.” Further comments Data is encouraging, confirms that we'll return to target.

January 22, 2025 at 07:06:00 AM

FX option expiries for Jan 22 NY cut

FX option expiries for Jan 22 NY cut at 10:00 Eastern Time via DTCC can be found below.

January 22, 2025 at 06:11:57 AM