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GBP softens slightly as post-rally consolidation continues – Scotiabank
The Pound Sterling (GBP) is soft and down a fractional 0.1% vs. the US Dollar (USD), extending its modest pullback from Tuesday’s multi-month high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/USD consolidates as factory orders surprise to the upside – Scotiabank
The Euro (EUR) is entering Thursday’s NA session unchanged vs. the US Dollar (USD) as it consolidates its recent pullback within the flat range from June, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD slips further as USD rebound dominates – Scotiabank
The Canadian Dollar (CAD) has leaked steadily lower so far this week, extending its post-Christmas slide to the upper 1.38s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Gold trades on the back foot as a firmer US Dollar weighs
Gold (XAU/USD) remains under pressure on Thursday, with prices extending their pullback for a second consecutive day as bullish momentum fades following a rejection near the $4,500 psychological barrier. At the time of writing, XAU/USD trades near $4,425, down nearly 0.60%.
EUR/USD softens as US Jobless Claims keep the Dollar supported
The Euro (EUR) edges lower against the US Dollar (USD) on Thursday, with EUR/USD extending its slide as the Greenback builds on recent gains following the release of US weekly labour-market data.
China: PMIs point to improving momentum at year-end – ABN AMRO
Both manufacturing PMIs rose back to expansion territory in December. Both composite PMIs up for the first time since September. • Still more targeted support and piecemeal monetary easing expected this year, ABN AMRO's Senior Economist Arjen van Dijkhuizen reports.
USD firmer against commodity currencies, DXY range-bound – Scotiabank
The US Dollar (USD) is tracking generally firmer against the major currencies but gains are less apparent for the DXY as the EUR, CHF and JPY are essentially holding up and trading little changed on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Germany Factory Orders s.a. (MoM) came in at 5.6%, above forecasts (-1%) in November
Germany Factory Orders s.a. (MoM) came in at 5.6%, above forecasts (-1%) in November
United Kingdom Halifax House Prices (MoM) came in at -0.6%, below expectations (0.2%) in December
United Kingdom Halifax House Prices (MoM) came in at -0.6%, below expectations (0.2%) in December
Australian Dollar falls as RBA policy outlook remains uncertain
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Thursday following Australia’s Trade Balance data, which showed that the trade surplus narrowed to 2,936M MoM in November versus 4,353M (revised from 4,385M) in the previous reading.
Gold continues to lose ground despite supportive fundamental backdrop
Gold (XAU/USD) extends its descending trend for the second straight day and drops to a three-day low, around the $4,415 area, heading into the European session on Thursday.
South Africa Net $Gold & Forex Reserve: $71.144B (December) vs $70.024B
South Africa Net $Gold & Forex Reserve: $71.144B (December) vs $70.024B
South Africa Gross $Gold & Forex Reserve : $75.89B (December) vs $72.07B
South Africa Gross $Gold & Forex Reserve : $75.89B (December) vs $72.07B
USD/INR regains ground after RBI’s intervention-led decline
The Indian Rupee (INR) trades flat against the US Dollar (USD) on Thursday after a decent upside move the previous day. The USD/INR pair wobbles near 90.20 as the Indian Rupee struggles to extend the Reserve Bank of India’s (RBI) intervention-led gains.
Japanese Yen struggles to lure buyers as BoJ uncertainty offsets safe-haven flow
The Japanese Yen (JPY) attracts some dip-buyers following a modest Asian session downtick on Thursday, though it lacks bullish conviction amid mixed fundamental cues.
AUD/JPY Price Forecast: Attracts some sellers, initial support level emerges above 102.50
The AUD/JPY cross attracts some sellers to around 105.00 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path.
Pound Sterling Price News and Forecast: GBP/USD holds steady near 1.3465 early European session
The GBP/USD pair trades on a flat note around 1.3465 during the early European trading hours on Thursday. Markets turn cautious as traders await the upcoming key US economic data this week.
EUR/GBP recovers to near 0.8680 as investors brush off soft Eurozone HICP data
The EUR/GBP pair recovers its early losses and trades marginally higher to near 0.8680 during the late Asian trading session on Thursday. The pair gains as investors brush off soft Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for December.
BoJ maintains assessment for all 9 Japan's regions in quarterly report
The latest report released by the Bank of Japan (BoJ) for January indicated that the central bank made no changes to any of their economic assessments of the nine Japanese regions covered. Most regions stated that regional economies were "recovering moderately" or "picking up moderately."
GBP/JPY struggles below 211.00 as flight to safety benefits JPY; lacks bearish conviction
The GBP/JPY cross struggles to build on a modest Asian session uptick on Thursday and currently trades near the lower end of its daily range, just below the 211.00 mark.
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