Risk Management

BI Preview: Forecasts from four major banks, raising rates but unlikely to be aggressive

Bank Indonesia (BI) will keep its month-to-month governor board assembly on Thursday, October 20. Here you can locate the expectations as forecast by using the economists and researchers of 4 principal banks related to the upcoming central bank’s charge decision. BI is anticipated to hike fees by means of 50 foundation factors (bps) to 4.75%. However, some analysts see a smaller 25 bps move.
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Trading Patterns

GBP/USD remains focused on 1.1440 – UOB

Further beneficial properties in GBP/USD rely on a breakout of the 1.1440 stage in the close to term, advise UOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann. Key Quotes 24-hour view: “We anticipated GBP to ‘trade sideways between 1.1280 and 1.1440’. GBP consequently traded inside a vary of 1.1257/1.1410 earlier than closing at 1.1319 (-0.34%). The charge moves…
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Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region

Fx News

USD/CAD remains depressed below 1.3700 mark, over one-week low amid weaker USD

USD/CAD drifts decrease for the 2nd straight day and is compelled by means of a aggregate of factors. An uptick in oil expenses underpins the loonie and exerts strain amid a modest USD weakness. Aggressive Fed fee hike bets, recession fears ought to restrict the USD draw back and cap the major. The USD/CAD pair provides to the preceding day’s heavy losses and stays underneath some promoting…
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USD/CHF clings to mild gains above 0.9200 ahead of Swiss ZEW data, SNB Quarterly Bulletin

BioNTech is ripe for a rebound in 2023

CFD News

EUR/USD: The strength of the euro remains fragile – Commerzbank

EUR/USD has recaptured the 0.9850 barrier. However, the pair stays prone and ought to flip returned decrease very quickly, economists at Commerzbank report. The danger of the electricity disaster stays central issue “Comments from contributors of the ECB council endorse that there is disagreement as to how a ways activity quotes need to be hiked in the combat towards inflation. And that in flip…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

Trading Patterns

EUR/USD: Mildly bid around mid-0.9700s as DXY retreats despite hawkish Fed wagers

EUR/USD reverses Friday’s pullback from one-week high. Talks over ECB’s QT, mild calendar and optimism at the UK want pair shoppers amid gradual session. The absence of most important data/events can disappoint momentum traders. Buyers have a challenging avenue beforehand thinking about the optimism over Fed’s subsequent move. EUR/USD selections up bids to 0.9750 as bulls strive to regain…
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Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region

Risk Management

EUR/USD clings to the consolidative range – UOB

UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia assume EUR/USD to change inside the 0.9630-0.9900 vary in the subsequent few weeks. Key Quotes 24-hour view: “Our expectations for ‘the rebound in EUR to prolong to 0.9835’ did no longer materialize as it traded in a uneven manner between 0.9706 and 0.9808 earlier than closing at 0.9719 (-0.55%). The rate…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Fx News

Malaysia: Foreign Portfolio outflows accelerated in September – UOB

Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group examine the ultra-modern overseas portfolio figures in Malaysia. Key Takeaways “Malaysia noticed a reversal in overseas portfolio flows ultimate month, logging a internet outflow of MYR2.0bn in Sep (from a giant internet influx of MYR7.6bn in Aug). This got here as overseas traders shied away from each Malaysian fairness (Sep…
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USD/CHF clings to mild gains above 0.9200 ahead of Swiss ZEW data, SNB Quarterly Bulletin

BioNTech is ripe for a rebound in 2023

CFD News

S&P 500 Index to plunge towards 3235/3195 amid significant downward pressure – Credit Suisse

S&P five hundred heads into today’s key US CPI information underneath extreme downward pressure. Analysts at Credit Suisse proceed to appear for a sustained shut under the 200-week common for an eventual fall to the 3235/3195 region. A go above 3641 can provide some near-term relief “S&P five hundred stays beneath great downward pressure, maintaining under its key 200-week…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

Risk Management

Gold Price Forecast: XAU/USD remains steady around $1,670 ahead of FOMC minutes

Gold holds round 1670$ even after US PPI data. Yellow steel stays association in spite of dollar’s energy and silver slide. Market contributors flip interest to FOMC minutes beforehand of Thursday US CPI numbers. Gold continues to change round $1,670 as it has been the case on account that the opening of the European session. It is transferring sideways after US PPI numbers and beforehand of the…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

CFD News

AUD/USD hovers around 0.6270s, almost flat, amid a mixed mood

AUD/USD tumbled to sparkling two and half-year lows at 0.6235 however is nearly flat round cutting-edge trade rates. Fed’s Kashkari: “tremendous uncertainty about fundamentals of the US economy;” and expects prices to top round 4.50%. AUD/USD Price Forecast: Once it clears 0.6300, it ought to goal in the direction of 0.6350; otherwise, a re-test of the YTD is on the cards. The AUD/USD slides…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target