Share: USD/INR prints the first daily loss in four, retreats from 1.5-month high. Softer India inflation figures, Fed’s dovish hike allow RBI to defend current inaction. WTI crude oil retreat, downbeat US data and mixed Fedspeak allows Indian Rupee … [Continue reading]
AUD/USD bulls flirt with 0.6700 ahead of RBA Minutes, China/US data amid US debt ceiling jitters
Share: AUD/USD grinds near intraday high after rising the most in a month, snapping two-day downtrend. Risk-on mood, PBoC inaction and hopes of hawkish RBA Minutes underpin Aussie pair’s run-up. Hopes of avoiding US default, softer US data favor … [Continue reading]
EUR/USD Price Analysis: Bulls eye a run to test trendline resistance near 1.0900-20
Share: A strong test of the trendline resistance in EUR/USD could be on the cards. US Dollar is pressured and gives EUR bulls an advantage from daily support. EUR/USD bull's eye a strong continuation on the correction to the 38.2% … [Continue reading]
Gold Price Forecast: Appetite for XAU/USD is whetting – ANZ
Share: Macroeconomic developments continue to present a bullish backdrop for the Gold market, strategists at ANZ Bank report. Gold to ride on safe-haven demand “US banking sector issues, elevated interest rates and uncertainty around the debt … [Continue reading]
EUR/USD: Break below 1.0800/1.00730 to hasten a retracement toward 1.05 – SocGen
Share: The Euro retreated to the bottom spot in the G10 table after the marked selling on Friday. Economists at Société Générale expect EUR/USD to plummet toward 1.05 on a break under 1.0800/1.0730. Profit-taking looks tactical “The … [Continue reading]
Japan Machine Tool Orders (YoY) rose from previous -15.2% to -14.4% in April
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]
PBOC keeps one-year MLF rate unchanged at 2.75%
Share: After announcing the USD/CNY fix, the Chinese central bank, namely the People's Bank of China (PBOC) also performed its monthly duty of announcing the Medium-term Lending Facility (MLF) rates. That said, the PBOC's MLF for one-year … [Continue reading]
Gold Price Forecast: XAU/USD bulls committed on the front side of the bull trend
Share: Gold price is in a bullish phase and bulls eye all-time highs while on the front side of the bull trend. A break of $1,970 opens risk of a deterioration of the bull trend. In the prior week´s analysis, we talked about the weekly … [Continue reading]
Ripple Chief Legal Officer slams US SEC’s argument against the payment giant
Share: Stuart Alderoty, the Chief Legal Officer of Ripple criticizes the US financial regulator’s argument against the payment giant. Alderoty drew a parallel between the 1946 Howey Test case at the Supreme Court and the SEC v. Ripple … [Continue reading]
Cardano price gears up for recovery after massive spike in social engagements
Share: Cardano, Ethereum’s largest competitor, is on track to begin its recovery with 457.99 million social engagements in the last seven days. Cardano network released its node v.8.0.0 earlier this week, fueling a bullish thesis for the … [Continue reading]