Share: Gold price recovers some lost ground around $1,920 amid the USD demand. Hawkish comments from Federal Reserve (Fed) Chair Powell drags gold price lower. Investors will closely watch the preliminary US S&P Global/CIPS PMI data. Gold … [Continue reading]
GBP/JPY breaks consolidation, dips into 181.30 after BoE balks on rate hikes
Share: The GBP/JPY skidded into the 181.00 handle after the BoE stepped back from an anticipated rate hike. Inflation might be falling faster than previously thought in the UK, rapidly cooling rate expectations. UK retail sales and PMI still in the … [Continue reading]
BoJ Preview: Forecasts from eight major banks, no change to policy, but tone may turn hawkish
Share: The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) meeting on Friday, September 22 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of eight major … [Continue reading]
Natural Gas edges up on higher demand expectations
Share: Natural Gas is up 0.90% as gas demand from Pakistan is expected to pick up. The US Dollar strengthens, though it faces headwinds from other central bank decisions on Thursday. US Natural Gas prices are in an ascending trend line formation … [Continue reading]
ECB’s Makhlouf: A further rate hike is possible
Share: In an interview with an Irish newspaper on Thursday, European Central Bank (ECB) policymaker Gabriel Makhlouf said that “a further rate hike is possible.” Additional comments There's little chance of a rate cut before March. We are not … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1730 vs. 7.1732 previous
Share: The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1730, compared with the previous day's fix of 7.1732 and 7.3052 estimated. Furthermore, the PBoC injects 169 billion Yuan into Open … [Continue reading]
Chainlink price at cross roads after a 20% climb
Share: Chainlink price is up 20%, rising from the September 12 low of $5.808 to $6.887, the current price value. LINK is at crossroads after meeting the supply zone at $7.103. The $7.361 level is the roadblock to beat. A rejection from the $7.103 … [Continue reading]
EUR/USD making a run for 1.0750 ahead of Fed’s rate call
Share: EUR/USD breaking to the upside as markets position ahead of the Fed. The Fed is expected to stand pat on interest rates, give updated economic outlook. Fed chair Jerome Powell to hold press conference 30 minutes after data release. The … [Continue reading]
AUD/USD Price Analysis: Soars to near 0.6500 ahead of FOMC decision
Share: AUD/USD rallies to near 0.6500 as the PBoC maintains a dovish interest rate policy. The Fed is expected to keep interest rates unchanged at 5.25-5.50% as the US inflation has been consistently falling. AUD/USD rebounds after discovering … [Continue reading]
Greece Current Account (YoY) increased to €0.828B in July from previous €-0.638B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]