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13 Mar 2023

USD/IDR faces extra consolidation near term – UOB

USD/IDR is forecast to trade within the 15,250-15,450 range for the time being, according to Markets Strategist Quek Ser Leang at UOB Group.

Key Quotes

“We expected USD/IDR to trade sideways between 15,200 and 15,350 last week. However, USD/IDR to rose to a high of 14,475 on Friday. The advance, was however short-lived as USD/IDR fell sharply upon opening today. The decline amid overbought conditions suggests USD/IDR is unlikely to advance further.”

“This week, USD/IDR is more likely to consolidate between 15,250 and 15,450.”

Mar 13, 2023

GBP/USD: Price action looks weak for the Pound – Scotiabank

GBP/USD is capped around recent range highs. Economists at Scotiabank note that Intraday price action looks weak for the British Pound. Sterling to mo
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Mar 13, 2023

Mexico Industrial Output (YoY) came in at 2.8%, above expectations (2.5%) in January

Mexico Industrial Output (YoY) came in at 2.8%, above expectations (2.5%) in January
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