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View the daily news commentary to obtain insight on the financial markets.

USD/CAD slipping back beneath 1.3500 as surging oil prices boost CAD

September 27, 2023, 9:01:43 PM UTC
The USD/CAD kicked Wednesday off with a jump to 1.3543 as the US Dollar (USD) caught a broad-market bid on risk aversion and bumper US data, but soari

AUD/USD pings new ten-month lows into 0.6330 ahead of Aussie Retail Sales, US PCE

September 27, 2023, 8:37:21 PM UTC
The AUD/USD slipped to a ten-month low of 0.6331 in late Wednesday trading and is currently down around 45 pips, or -0.7%, for the day near 0.6350. Au

Forex Today: Dollar is the only safe haven in town, Oil soars

September 27, 2023, 8:32:37 PM UTC
Attention remains on the USD rally and the decline in equity prices. During the Asian session, key releases include the New Zealand NZD Business Confi

NZD/USD faces headwinds amid souring market sentiment, hawkish Fed stance

September 27, 2023, 7:45:52 PM UTC
The New Zealand Dollar (NZD) lost ground versus the US Dollar (USD) late in the New York session after hitting a daily high of 0.5956 but erased those

GBP/USD extending declines, trying to find a floor near 1.21

September 27, 2023, 6:59:03 PM UTC
The GBP/USD continues to slip around below the 1.2160 cap on Wednesday trading, dipping to a session low of 1.2110 as selling pressure looks to crack

Gold Price Forecast: XAU/USD plummets to new cycle low, on elevated US yields, risk aversion

September 27, 2023, 6:15:17 PM UTC
Gold price plunged more than 1% in the mid-New York session, drafting a new cycle low below the August 21 swing low of $1884.89, as sellers set their

USD/CHF pinning into fresh six-month highs over 0.9200

September 27, 2023, 6:07:20 PM UTC
The USD/CHF is on track to close in the green for the eleventh straight week as the Greenback (USD) picks up further steam against the Swiss Franc (CH

USD/MXN rallies to a new cycle-high past 17.8000 ahead of Banxico rates decision

September 27, 2023, 5:44:21 PM UTC
The Mexican Peso (MXN) continues to weaken against the US Dollar (USD) during the North American session after hitting a daily low of 17.4748. Broad U

Fed’s Kashkari: I am open to the possibility that we may need more than one hike

September 27, 2023, 5:37:40 PM UTC
Minneapolis Federal Reserve President Neel Kashkari said on Wednesday in an interview with CNBC that the central bank could have to raise interest fur

Breaking: EUR/USD tanks below 1.0500, as bears eye YTD lows

September 27, 2023, 5:16:52 PM UTC
EUR/USD plummets to tenth-month lows, with sellers eyeing a YTD low 1.0482. Risk aversion spurred by the Fed’s hawkish rhetoric and a US government s

WTI US crude oil scorches up over 3%, touches $93 per barrel on Wednesday

September 27, 2023, 5:03:58 PM UTC
West Texas Intermediary (WTI) US crude oil prices are leaping higher for the day, pushed by an unexpected drawdown in US crude reserves. WTI reached a

United States 5-Year Note Auction rose from previous 4.4% to 4.659%

September 27, 2023, 5:02:56 PM UTC
United States 5-Year Note Auction rose from previous 4.4% to 4.659%

Russia Industrial Output above expectations (4.3%) in August: Actual (5.4%)

September 27, 2023, 4:04:34 PM UTC
Russia Industrial Output above expectations (4.3%) in August: Actual (5.4%)

Russia Unemployment Rate in line with forecasts (3%) in August

September 27, 2023, 4:00:02 PM UTC
Russia Unemployment Rate in line with forecasts (3%) in August

USD/JPY eyes 150.00 amid hawkish Fed and dovish BoJ, but intervention threats loom

September 27, 2023, 3:04:22 PM UTC
USD/JPY extended its gains early in the North American session after hitting a daily low of 148.86. However, positive data and high US Treasury bond y

EUR/USD could slip back below 1.05 – UBS

September 27, 2023, 2:59:13 PM UTC
EUR/USD has been a rollercoaster this year, with the USD likely to stay well-bid until year-end. Economists at UBS analyze the pair’s outlook. The nar

Gold Price Forecast: Positive real US yields reduce the attractiveness of XAU/USD – Erste

September 27, 2023, 2:46:51 PM UTC
In view of positive real US yields, economists at Erste Group Research expect "only" a sideways movement of the Gold price in the fourth quarter. Real

EUR/USD extends slide to lowest since January, eyes 1.0500

September 27, 2023, 2:35:48 PM UTC
The EUR/USD pair accelerated its decline after the beginning of the Asian session and dropped to 1.0509, reaching the lowest level since January. It r

United States EIA Crude Oil Stocks Change below expectations (-0.32M) in September 22: Actual (-2.17M)

September 27, 2023, 2:30:14 PM UTC
United States EIA Crude Oil Stocks Change below expectations (-0.32M) in September 22: Actual (-2.17M)

DXY could fall by around 1%-1.5% if a US government shutdown transpires – Wells Fargo

September 27, 2023, 2:28:07 PM UTC
A potential US government shutdown that could start October 1st looms. Economists at Wells Fargo assess its implications for the US Dollar. Any Greenb

Silver Price Analysis: XAG/USD cracks to near $22.50 as US Dollar strengthens after upbeat US data

September 27, 2023, 2:22:23 PM UTC
Silver price (XAG/USD) plunged to near $22.45 in the early New York session after the release of the upbeat Durable Goods Orders data for August. The

US House Speaker McCarty: No House support for Senate funding bill

September 27, 2023, 2:15:29 PM UTC
Republican US House of Representatives Speaker Kevin McCarthy said on Wednesday that he does not see support for the Senate funding bill. McCarthy add

GBP/USD: Good support at 1.19, top at 1.26 – UBS

September 27, 2023, 2:13:35 PM UTC
Sterling has underperformed in recent sessions. Economists at UBS analyze GBP outlook. Range trading against the USD In a relative space, the UK econo

USD/BRL to trade in the 4.70-5.00 range during the month ahead – SocGen

September 27, 2023, 2:02:19 PM UTC
Economists at Société Générale are still constructive on Brazilian Real (BRL). The external scenario remains challenging for BRL The external scenario

USD/CAD aims stability above 1.3500 amid broader strength in US Dollar

September 27, 2023, 1:53:51 PM UTC
The USD/CAD pair faces some selling pressure while attempting to extend upside above the immediate resistance of 1.3540 in the early New York session.

USD likely to retain some vigour into year-end – ANZ

September 27, 2023, 1:40:30 PM UTC
The USD bull market is mature but is not yet over, economists at ANZ Bank report. Weaker USD eventually We expect widening of growth and rate differen

The Krona does not deserve to be the sick currency of Europe – SocGen

September 27, 2023, 1:27:23 PM UTC
The last week has seen the SEK rally faster than expected. Kit Juckes, Chief Global FX Strategist at Société Générale, reports. Is time running out to

EUR/USD Price Analysis: Further retracements in store

September 27, 2023, 1:17:58 PM UTC
EUR/USD keeps the selling pressure well in place for the 7th session in a row on Wednesday, printing new six-month lows around 1.0530 . The continuati

Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – ANZ

September 27, 2023, 1:08:14 PM UTC
Gold price has held up relatively well amid rising bond yields and rebound in the USD. Economists at ANZ Bank analyze the yellow metal’s outlook. Head

USD Index Price Analysis: Beware of the technical correction

September 27, 2023, 12:52:32 PM UTC
DXY accelerates its upside and reaches new YTD peaks near 106.50 on Wednesday. Considering the ongoing price action, extra gains appear likely for the

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