Share: Today’s inflation data in Canada will be key to driving market expectations for the BoC’s July decision. Economists at ING analyze CAD outlook. Inflation numbers in focus Consensus is looking for a rather substantial slowdown in headline … [Continue reading]
Sweden Producer Price Index (MoM) below expectations (-1%) in May: Actual (-1.7%)
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]
Gold Price Forecast: XAU/USD holds steady above $1,920 level, not out of the woods yet
Share: Gold price remains confined in a narrow range just above the multi-month low set last week. More hawkish central banks continue to act as a headwind for the non-yielding yellow metal. Economic woes lend some support to the safe-haven XAU/USD … [Continue reading]
Forex Today: Steady markets ahead of central bankers and inflation data
Share: No key reports are due during the Asian session. Later in the day, the US will report Durable Goods Orders and Canada will release inflation data. The ECB Forum will gather attention with many central bankers due to speak on Tuesday ahead of … [Continue reading]
GBP/JPY plateaus at highs around 182.50
Share: GBP/JPY sees some gains at the 182.55 area. ECB’s Banking Forum in Sintra on Wednesday, the highlight of the week. Reuters poll reveals that the BoJ will intervene if USD/JPY reaches 145.00. At the start of the week, the GBP lost ground … [Continue reading]
GBP/USD: Still trading well short of levels that would imply more sustainable technical strength – Scotiabank
Share: GBP/USD is supported on dips but still consolidating, economists at Scotiabank report. Signs of demand below 1.26 are encouraging from a short-term support point of view Minor Cable gains today are running against the trend of a modestly … [Continue reading]
Japan’s Matsuno: Closely watching FX moves with a high sense of urgency
Share: Japanese Chief Cabinet Hirokazu Matsuno repeated on Monday, they are “closely watching FX moves with a high sense of urgency.” Additional quotes “Important for FX to move stably reflecting econ fundamentals.” “Sudden and one-sided moves seen … [Continue reading]
WTI struggles to cheer Russia, OPEC news below $70.00 as China woes prod Oil buyers
Share: WTI crude oil fades bounce off two-week low amid mixed catalysts. OPEC Secretary General, Aramco Official signal upbeat Oil demand. Mixed concerns about Russian fears to energy supplies put a floor under the black gold price. Fears about … [Continue reading]
Gold Price Forecast: XAU/USD portrays bearish consolidation on growth, geopolitical clues, US inflation eyed
Share: Gold Price licks its wounds at the lowest levels in 3.5 months as risk-aversion amplifies. Geopolitical fears join hawkish Fed bets, growth concerns to weigh on XAU/USD price. Gold Price drops as mixed United States data versus downbeat … [Continue reading]
Whales reveal their hand as they accumulate Optimism’s OP token in millions
Share: Optimism price has flashed a buy signal on the three-day chart. If Bitcoin’s bullish outlook sustains in the long term, OP could witness a 40% rally. A flip of the range low at $0.877 into a resistance level on the three-day timeframe will … [Continue reading]