Pre Loader

15.09.2022 Market Report


EUR/USD is trading under pressure near 0.9950, undermined by resurgent US dollar demand amid a cautious market mood. Investors assess the impact of the aggressive Fed rate hike bets ahead of the US Retail Sales data. 


GBP/USD is dropping towards 1.1500 amid a mixed sentiment and renewed US dollar strength. The deadline to trigger Article 16 and uncertainty over the UK energy bill weigh on the GBP. The focus shifts to US consumer-centric data. 


USD/JPY takes the bids to refresh daily tops near 143.55 heading into Thursday’s European session. In doing so, the yen pair reverses the previous day’s pullback inside a one-week-old triangle formation.


AUD/USD is marching towards 0.6780 despite slightly lower-than-expected Aussie payroll data. The Australian economy has generated 33.5k jobs vs. the estimates of 35k. Aussie jobless rate has increased to 3.5% vs. expectations and prior release of 3.4%.


NZD/USD is confidently auctioning above 0.6000 on higher-than-expected NZ GDP data. The kiwi economy has grown by 0.4% and 1.7% on an annual and quarterly basis, respectively. Odds of a full percent rate hike by the Fed have strengthened dramatically.


USD/CAD prints a three-day uptrend as it approaches the 1.3200 threshold, around 1.3170 during early Thursday morning in Europe. In doing so, the Loonie pair picks up bids to reverse the early Asian session losses.


USD/CHF prices fail to justify bullish bias in the options market as the Swiss currency (CHF) pair extends the previous day’s pullback towards 0.9600 during Thursday’s Asian session, pressured to around 0.9620 at the latest.


Oil prices edged higher on Thursday as the market balanced weak demand with supply disruption amid a looming rail stoppage in the United States, the world’s biggest crude consumer.


Gold price is extending its losing streak into the third straight day this Thursday, hovering near the lowest point in over a week below the $1,700 threshold. Bears flex their muscles amid resurgent demand for the US dollar across the board.

Any information provided therein are indicative and subjective to the technical analysis method or trading patterns used and the timing of their release. Those are provided as general market information and/or market commentary and/or the publication of market/factual data and should not be construed as containing personal and/or other investment recommendation, and/or to be Investment Advice or independent Investment Research. As such, the legal and regulatory requirements in relation to independent investment research do not apply to this material and it is not subject to any prohibition on dealing ahead of its dissemination. For the full Risk Disclaimer click here.