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: 2025.01.15
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AUD/USD: Watch employment report tomorrow - OCBC
Breaking news
AUD/USD: Watch employment report tomorrow - OCBC
New
2025.01.15 18:26
2025.01.15 18:26
2025.01.15 18:26
Australian Dollar's (AUD) decline slowed this week as USD bulls took a breather, while on tariff aspect, there was report that the Trump team is considering more gradual pace of increases. AUD was last at 0.6190 levels, OCBC's FX analyst Christopher Wong notes.
Rebound risks not ruled out
"Rebound in Chinese equities did provide some relief for risk assets. This week's focus on data - employment report (Thu) before next week's much anticipated US presidential inauguration. A hotter print may lend strength to AUD momentum."
"Elsewhere, markets are keen to find out how soon and what magnitude and scope are for tariffs. Worries of tariffs may keep sentiment pressured and AUD trading soggy. But at the same time, a less drastic approach or any delay to tariff implementation could see risk proxies take an extended breather."
"Daily momentum is mild bullish while RSI rose. Rebound risks not ruled out but may require the blessing of a robust AU labour market report and for China to hold up. Resistance at 0.6210 (21 DMA), 0.6320 (23.6% fibo retracement of 2024 high to 2025 low) and 0.6360 (50 DMA). Support at 0.6130 (recent low), 0.60 psychological level."
Last updated
: 2025.01.15
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CAD lags commodity peers - Scotiabank
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2025.01.15 21:55US Dollar edges lower - Scotiabank
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2025.01.15 21:51US Dollar retreats for third day in a row ahead of US CPI inflation
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, extends its correction from a two-year high above 110.00 reached on Monday and trades near 109.10 at the time of writing on Wednesday.
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2025.01.15 20:53USD/CNH: Upward momentum is beginning to fade - UOB Group
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2025.01.15 19:57USD/JPY: Current price movements are likely part of a consolidation phase - UOB Group
Further range trading seems likely, probably between 157.30 and 158.30. In the longer run, current price movements are likely part of a consolidation phase, expected to be between 156.50 and 158.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.01.15 19:43Gold recovers ahead of US CPI inflation data
Gold's price (XAU/USD) recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States (US) Producer Price Index (PPI) release the previous day triggered substantial easing in US yields.
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2025.01.15 19:42USD/CHF Price Forecast: Trades cautiously near 0.9100 ahead of US inflation data
The USD/CHF pair trades with caution slightly above the key support of 0.9100 in Wednesday's European session.
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2025.01.15 19:41US CPI inflation set to rebound in December, core to remain high
The US Consumer Price Index (CPI) report for December, a critical gauge of inflation, is set to be released on Wednesday at 13:30 GMT, courtesy of the Bureau of Labor Statistics (BLS).
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2025.01.15 19:30NZD/USD: To trade most likely between 0.5570 and 0.5835 - UOB Group
New Zealand Dollar (NZD) is expected to trade in a range, most likely between 0.5570 and 0.5835. Whippy price action has resulted in a mixed outlook; for the time being, NZD could trade in a sideways range of 0.5540/0.5650, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.01.15 19:22Disclaimer:
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