Share: Binance founder Changpeng Zhao discredited Shroder’s resignation FUD, stating he accomplished the goals he set out for two years ago. CZ added that the crypto market is now rapidly evolving, and the regulatory environment is getting … [Continue reading]
AUD/USD retreats amid resilient US economy as the soft landing scenario gains traction
Share: AUD/USD drops to 0.632, down 0.12%, reversing earlier gains spurred by positive economic data from China, Australia’s largest trade partner. US manufacturing and industrial data beat expectations, raising the odds for a soft landing by the … [Continue reading]
Colombia Industrial output (YoY) came in at -7.2%, below expectations (-4.5%) in July
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]
EUR/USD: Breach of the end of May low at 1.0635 opens the door to a test of 1.0500 – MUFG
Share: The Euro has continued to weaken after Thursday’s ECB policy meeting. Economists at MUFG Bank analyze the shared currency outlook. Dovish ECB update weighs on EUR The break below the low from the end of May at 1.0635 opens the door to a test … [Continue reading]
EUR/USD: Next on the downside emerges 1.0635 – UOB
Share: A deeper drop could drag EUR/USD to the 1.0515 zone in the next few weeks, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: The sharp selloff that sent EUR plunging to a 6-month low … [Continue reading]
GBP/USD treads waters above 1.2400, focus on US Consumer Sentiment Index
Share: GBP/USD hovers above 1.2400 ahead of US consumer confidence data. US Dollar is embracing the US economic data released on Thursday. UK's economy is contending with the BoE's hawkish stance in the midst of a deteriorating demand climate. … [Continue reading]
Forex Today: Euro tumbles after ECB dovish rate hike; Oil and Wall Street edge higher
Share: During the Asian session, the New Zealand Business PMI is due, along with Chinese data that includes Retail Sales and Industrial Production. Later in the day, Germany will report wholesale inflation, the Eurozone Labor Costs, and the Bank of … [Continue reading]
Gold Price Forecast: XAU/USD bounces from lower lows, hovers around $1,910
Share: XAU/USD Current price: $1,910.60 US Retail Sales jumped 0.6% in August, the Producer Price Index surpassed expectations. Demand for the US Dollar recedes near term as investors remain optimistic. XAU/USD flirted with the $1,900 mark bears … [Continue reading]
USD/CAD: A push under high/low support at 1.3495/1.3500 should add to downside pressure – Scotiabank
Share: The CAD is among the top performing G10 currencies versus the US Dollar on the day. Economists at Scotiabank analyze USD/CAD’s technical outlook. Resistance is 1.3585/1.3595 USD/CAD is generating a bit more downside momentum on the … [Continue reading]
Natural Gas Futures: There is still room for extra gains
Share: CME Group’s flash data for natural gas futures markets noted traders scaled back their open interest positions for the third straight session on Wednesday, now by around 20.5K contracts. In the same line, volume reversed two daily builds in a … [Continue reading]