Author: admin

USD/CHF remains firm following the weaker-than-expected Swiss Real Retail Sales, which rose 2.3% year-over-year in November, falling short of the expected 2.9% but coming above the prior 2.2% increase (revised from 2.7% increase). The pair is hovering around 0.7940 during the European hours on Monday.The Swiss Franc (CHF) may gain ground against the US Dollar (USD) amid escalating Ukraine-Russian tensions. Russia’s defence ministry said Ukraine has targeted Moscow with drones daily in 2026 so far, marking an escalation from earlier sporadic attacks. Russian air defences destroyed 57 drones over the Moscow region by Sunday midnight, out of 437 intercepted nationwide.…

The USD/JPY price analysis reveals a strong uptrend amid the US-Japan yield differential and rising dollar flows during risk-off market conditions. Carry dynamics favor the USD after risk-off sentiment is triggered by the Venezuelan operation. Markets are now turning their attention to the US jobs and PMI data due this week. The USD/JPY has started the year on solid ground, pushing to the 157.30 level as the US dollar gains strength while the yen struggles to build momentum. The background narrative has remained the same. The differentials between yields remain wide, and global investors continue to prefer dollar exposure during…

The rupee opened weak on Monday and slipped 4 paise to 90.24 against the US dollar in early trade, weighed down by heightened geopolitical uncertainty following the US military intervention in Venezuela. | Photo Credit: iStock The rupee opened weak and declined 4 paise to 90.24 against the US dollar in early trade on Monday, as geopolitical uncertainties triggered by the US intervention in Venezuela fuelled the demand for the American currency. According to forex traders, the rupee is expected to trade lower due to geopolitical development, even though a lower crude prices could provide some cushion. At the interbank…

The Australian Dollar (AUD) holds losses against the US Dollar (USD) following the release of China’s RatingDog Services Purchasing Managers’ Index (PMI) on Monday, which declined to 52.0 in December from 52.1 in November. RatingDog reported last week that Manufacturing PMI climbed to 50.1 in December from 49.9 in November. It is important to note that any change in the Chinese economy could impact the AUD as China and Australia are close trading partners.The AUD could gain support as expectations build for interest rate hikes by the Reserve Bank of Australia (RBA). Traders await Australia’s Q4 CPI report due on…

Gold price (XAU/USD) climbs to around $4,370 during the early Asian trading hours on Monday. The precious metal extends its upside amid a renewed surge in geopolitical risk after the United States’ (US) capture of Venezuelan President Nicolas Maduro. Traders will closely monitor developments surrounding the US seizure of Maduro and await the US ISM Manufacturing Purchasing Managers’ Index (PMI) data later on Monday. CNN reported over the weekend that the US President Donald Trump administration called a “large-scale strike against Venezuela” and captured its President Maduro to face charges. This action came without the approval of Congress. Trump added that…

United States (US) President Donald Trump has fulfilled his threats and finally struck Venezuela. Different media reports that explosions in Caracas began around 1:50 am local time on Saturday, leaving multiple areas of the city without power. As the day unfolded, Venezuelan Vice President Delcy Rodriguez stated the government was unaware of President Maduro and his wife’s location. Finally, US President Trump confirmed the attack on the country and shared on social media:The United States of America has successfully carried out a large-scale strike against Venezuela and its leader, President Nicolas Maduro, who has been, along with his wife, captured…

US equities opened 2026 on a cautious note, with the S&P 500 and Nasdaq essentially flat as strength in semiconductors offset weakness elsewhere in technology. The Dow Jones found some footing on Friday after an early plunge through the overnight session, holding steady near where the first trading day of 2026 started.Looking ahead, Wall Street strategists remain broadly bullish on US equities through 2026. The latest CNBC strategist survey points to an average S&P 500 target of 7,629, implying double-digit upside for the year. Some strategists expect market leadership to broaden beyond mega-cap technology, with rotation into regional banks and…

Financial markets extend the holiday mood on the first trading day of the new year. Markets continue playing the waiting game for a data-driven next week.The US Dollar Index (DXY) is trading near the 98.40 price region on Friday, trimming a big chunk of its New Year losses. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.02%-0.19%-0.16%0.03%-0.18%-0.28%-0.36%EUR0.02%-0.21%-0.04%0.15%-0.11%-0.15%-0.24%GBP0.19%0.21%0.15%0.32%0.09%0.05%-0.03%JPY0.16%0.04%-0.15%0.09%-0.15%-0.17%-0.19%CAD-0.03%-0.15%-0.32%-0.09%-0.25%-0.27%-0.39%AUD0.18%0.11%-0.09%0.15%0.25%-0.04%-0.12%NZD0.28%0.15%-0.05%0.17%0.27%0.04%-0.08%CHF0.36%0.24%0.03%0.19%0.39%0.12%0.08% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while…

The Canadian Dollar (CAD) hit a bit of a soft patch on Friday, kicking off the first trading day of 2026 on the back foot. The Loonie is one of the worst performers for the day, shedding weight against all but one of its major currency peers. Despite a steady note of overall weakness to open up the new trading year, the Canadian Dollar is still within near-term ranges as overall market momentum remains tepid coming out of the holiday window.Canadian S&P Global Manufacturing Purchasing Managers Index (PMI) figures showed more of the same in December, with overall activity and…

The US jobs report will be the main economic release next week, with other US data including the ISM indices and consumer sentiment. Elsewhere, the focus will be on inflation in Europe and China, whilst wage data is due in Japan, Deutsche Bank’s economists report. Europe and China inflation in focus”In the US, the key event will be the December jobs report due Friday. Our US economists expect nonfarm payrolls to rise by +50k (+64k in November), with the unemployment rate falling slightly to 4.5% (4.6%), and the hourly earnings growth rising to +0.3% MoM (+0.1%). The ADP and JOLTS…