Share: The likelihood of a probable test of 7.0960 in USD/CNH now appears somewhat dwindled according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “Yesterday, we expected USD to ‘trade in a … [Continue reading]
Here is what ApeCoin price uphill battle looks like for APE holders
Share: ApeCoin price hovers inside a range, extending from $2.78 to $4.50. Even if APE overcomes the range’s mean at $3.64, its upside is limited due to the presence of multiple hurdles. A three-day candlestick close below $2.78 will invalidate the … [Continue reading]
NZD/USD Price Analysis: Kiwi buyers flex muscles despite recent inaction below 0.6300
Share: NZD/USD remains depressed inside immediate triangle formation. Golden cross, steady RSI keeps Kiwi pair buyers hopeful. Bulls need validation from 0.6310 to retake control. NZD/USD remains mostly steady around 0.6285-80 as it makes rounds … [Continue reading]
GBP/USD hovers around 1.2430s, unchanged amidst improved US debt talks, ahead of the UK’s CPI data
Share: GBP/USD holds steady, buoyed by positive US debt ceiling discussions but weighed down by hawkish Federal Reserve comments. The US Dollar Index remains flat, preventing further GBP/USD gains. Money market futures show a high probability of a … [Continue reading]
ECB’s Villeroy: We will be at the terminal rate not later than by summer
Share: "I expect today that we will be at the terminal rate not later than by summer," European Central Bank (ECB) policymaker Francois Villeroy de Galhau said while speaking at an event held at the Bank of France on Monday, per Reuters. Key … [Continue reading]
USD/CNY: Contrast between monetary easing stance and tightening bias to weigh on CNY – Commerzbank
Share: CNY weakened sharply last week. Economists at Commerzbank expect Yuan to remain under downside pressure. CNY weakness should remain in the near term “Last Friday, the PBoC issued a statement that vowed to curb speculation and called for more … [Continue reading]
GBP/USD: Downside alleviated above 1.2500 – UOB
Share: A breakout of 1.2500 should mitigate the downside pressure in GBP/USD, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view: “We indicated last Friday that ‘as long as GBP stays … [Continue reading]
ECB’s Lagarde: We covered a large chunk of the journey toward taming inflation
Share: European Central Bank (ECB) President Christine Lagarde crossed wires via an interview on the Buitenhof TV show aired Sunday wherein she said, “I think we covered a large chunk of the journey toward taming inflation and bringing it back to … [Continue reading]
Gold Price Forecast: XAU/USD bears are in the market but bulls step up
Share: Gold price stalls on the offer and bulls are moving in. Trendline resistance could come under pressure. As per the prior week´s analysis, Gold Price Forecast: XAU/USD bulls committed on the front side of the bull trend, … [Continue reading]
Terra Luna Classic price needs consolidate for longer before LUNC triggers a quick rally
Share: Terra Luna Classic price has set up a falling wedge, forecasting a 36% upswing. Investors need to be cautious as the rally might prematurely stop after tagging the intermediate hurdle at $0.000105. A daily candlestick close below the … [Continue reading]