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: 2025.01.16
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DXY: Retail sales tonight - OCBC
Breaking news
DXY: Retail sales tonight - OCBC
New
2025.01.16 17:53
2025.01.16 17:53
2025.01.16 17:53
US Dollar (USD) fell after core CPI underwhelmed expectations. But the pullback was also quickly retraced. DXY was last seen at 109.09, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Some risk of pullback not ruled out but
"Markets are likely cautious ahead of Trump inauguration (20 Jan), fearing that tariffs would be announced soon. On Truth social platform, President-elect Trump said that he will create an external revenue service to collect tariffs, duties and all revenue that come from foreign sources."
"That said, tariff uncertainty remains in terms of timing, magnitude and scope of products. Recent report about the Trump team considering a schedule of gradual tariffs increasing by about 2% to 5% a month is one that may defuse some fears, temporarily."
"Mild bullish momentum on daily chart faded while RSI eased. Bearish divergence observed on RSI. Some risk of pullback not ruled out but likely to be shallow ahead of event risk. Support at 108.60 (21 DMA), 107.25 (50DMA). Resistance at 110.10, 110.90 levels. Today brings retail sales, Philly fed business outlook."
Last updated
: 2025.01.16
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Gold extends recovery on rate cut expectations
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2025.01.16 20:06Oil: US crude stocks fall - ING
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2025.01.16 20:02USD/CNH: Above 7.3250 the 7.3700 level to come into view - UOB Group
US Dollar (USD) is expected to continue to trade in a range, most likely between 7.3350 and 7.3550. In the longer run, upward momentum is beginning to fade; a breach of 7.3250 would suggest that 7.3700 is not coming into view, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
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2025.01.16 19:49Aluminum gets a short boost - ING
LME aluminum prices touched their highest in nearly a month this Wednesday, topping $2,600/t following the news that the European Union is considering more sanctions on Russian aluminum products. Prices later gave up the gains, ING's commodity analyst Ewa Manthey notes.
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2025.01.16 19:25USD/JPY: Likely to trade with a downward bias - UOB Group
US Dollar (USD) is likely to trade with a downward bias; any decline is viewed as part of a lower range of 155.80/157.00. In the longer run, rapid increase in momentum indicates further USD weakness, with a technical target at 154.90, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
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2025.01.16 19:22EU's imports of Russian metal have fallen - ING
Although the EU continues to import Russian aluminum, volumes have fallen over the past two years, with European buyers self-sanctioning since the invasion of Ukraine, ING's commodity analysts Ewa Manthey notes.
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2025.01.16 19:19Silver Price Forecast: XAG/USD jumps to near $31 as traders raise Fed dovish bets
Silver price (XAG/USD) moves higher to near $31.00 in Thursday's European session.
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2025.01.16 19:07USD/SGD: Mild pullback risk for now - OCBC
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2025.01.16 18:57Disclaimer:
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