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Thursday, January 16, 2025

Asia Market Movers: Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60

Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60

Via Rabobanbk analyst Foley on the Australian dollar, in brief. AUD could weaken a little in the months ahead, Rabo says the risk is AUD/USD dropping to 0.60 by the the middle of this year. Citing: a... 

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Bank of Canada deputy governor Gravelle speech on balance sheet normalization

1745 GMT/1245 Eastern time Bank of Canada deputy governor Toni Gravelle Will speak on the Bank's balance sheet normalization process and how it will manage its balance sheet once normalization ends **... 

Netanyahu says that Hamas has reneged on the previously agreed terms of a ceasefire.

For oil traders, keeping track of the ebbs and flows on this ceasefire is important. It looks like some back tracking going on, which should be a tailwind for oil, at the margin. Israeli Prime Ministe... 

BoJ Gov Ueda says will raise policy rate if economic, price conditions continue to improve

Bank of Japan Governor Ueda BOJ would raise the policy rate this year if economic and price conditions continue to improve. He also noted that the approach to monetary policy adjustments will depend o... 

UBS forecast USD/CNY to hit 7.5 by June 2025

UBS forecast USD/CNY to reach 7.5 by June this year: while growth is expected to accelerate in China, effective tariff rates could rise dramatically and be a headwind CNY has only partially priced in... 

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Latest Forex Orders

FX option expiries for 15 January 10am New York cut

There is just one to take note of, as highlighted in bold . That being for EUR/USD at the 1.0300 mark. That could keep price action in a tighter cage in the session ahead, weaving in and around the fi... 

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