Share: GBP/USD recovered above 1.2150 in the European session on Thursday. 1.2200 aligns as a critical technical resistance for the pair. A correction in US T-bond yields could weigh on the USD. GBP/USD came within a touching distance of 1.2100 on … [Continue reading]
GBP/USD Price Analysis: Remains under selling pressure, the key contention is seen at 1.2100
Share: GBP/USD remains under selling pressure around 1.2133, bouncing off the lowest since March 17 of 1.2110. The pair holds below the 50- and 100-hour EMAs with the oversold RSI condition. The key resistance level will emerge at 1.2250; 1.2100 … [Continue reading]
New Zealand: ANZ Business Confidence improves to 1.5 vs. -3.7 prior
Share: The latest data released by the National Bank of New Zealand on Thursday showed that ANZ Business Confidence for September improved to 1.5 from a 3.7 drop in the previous month. Furthermore, the ANZ Activity Outlook rose 10.9 in September … [Continue reading]
EUR/USD Forecast: Time for a consolidation?
Share: The US Dollar Index reaches fresh monthly highs, nearing 107.00. USD rally remains supported by robust US data and Treasury yields. Important inflation data from the Eurozone is scheduled for Thursday. The EUR/USD has dropped for the … [Continue reading]
USD/JPY eyes 150.00 amid hawkish Fed and dovish BoJ, but intervention threats loom
Share: USD/JPY advances steadily towards 150.00, but intervention threats from Japan loom. Fed’s Kashkari remains hawkish, saying the risks of raising rates are tilted to the upside. The Bank of Japan’s July meeting minutes were mixed, though the … [Continue reading]
USD/JPY: High chance of intervention but only after a break above the 150 level – MUFG
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a … [Continue reading]
USD/JPY: Further upside could see 149.50 retested – UOB
Share: The continuation of the upside momentum could push USD/JPY to the 149.50 zone in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view: We highlighted … [Continue reading]
AUD/NZD sticks to intraday gains above mid-1.0700s post-Australian CPI report
Share: AUD/NZD gains some positive traction and stages a modest recovery from a multi-week low. Spot prices move little following the release of the latest Australian consumer inflation figures. The recent breakdown and acceptance below the crucial … [Continue reading]
Breaking: Ark Invest 21Shares Bitcoin Spot ETF filing delayed
Share: Reports indicate that the US Securities and Exchange Commission (SEC) has come out early to delay another series of Bitcoin Spot ETF filings, this time by Cathie Wood's Ark Invest and 21Shares. While the filing was due on September 29, … [Continue reading]
Gold Price Forecast: XAU/USD challenges $1,900 after piercing September’s low
Share: XAU/USD Current price: $1,901.80 Wall Street entered a sell-off spiral following generally disappointing United States data. The yield on the 10-year Treasury note flirted with the 2007 high amid renewed concerns. XAU/USD extends its slump … [Continue reading]