Share: Strategists at ANZ Bank discuss Silver's (XAG/USD) outlook. Institutional investors to come back this year “Strong fundamental backdrop and macroeconomic challenges should see institutional investors coming back this year.” “While some … [Continue reading]
Not many convincing reasons to call for GBP underperformance in the near term – ING
Share: BoE offered few reasons to turn bearish on the Pound, in the opinion of economists at ING. EUR/GBP should climb back to 0.9000 in the second half of the year “The BoE retained its flexibility and kept the door open for more rate hikes if … [Continue reading]
IMF’s Srinivasan cites uncertainty over BoJ monetary policy amid rise in inflation
Share: “The IMF warned of "uncertainty" around the direction of Japan's monetary policy, saying a possible shift from ultra-low interest rates could have a significant impact on global financial markets,” said Reuters while sharing comments from … [Continue reading]
GBP/USD marches towards 1.2600 as Fed sets to pause policy-tightening spell
Share: GBP/USD is marching towards 1.2600 as a Fed rate-cycle pause would trim Fed-BoE policy divergence. US labor market conditions carry the potential of making inflation persistent. S&P500 futures are showing further losses in early Asia, … [Continue reading]
Fed Statement: March vs May
Share: March 22May 03, 2023 Recent indicators point to Economic activity expanded at a modest growthpace in spending and production.the first quarter. Job gains have picked upbeen robust in recent months and are running at a robust pace;, and the … [Continue reading]
EUR/USD: Failure to reclaim the 1.1070 hurdle can take the pair gradually lower – SocGen
Share: EUR/USD upward momentum has deteriorated after approaching the previous multi-year trend line near 1.1070. Economists at Société Générale discuss the pair’s outlook. Defending 1.0730 is crucial for continuation in up move “A phase of … [Continue reading]
USD/INR Price News: Rebounds from 81.70 despite weak USD Index and lower oil prices
Share: USD/INR is confidently defending its immediate support of 81.70 despite a weak USD Index and a nosedive move in the oil price. A minor recovery in the S&P500 futures could be a dead cat bounce move as US equities were heavily beaten on … [Continue reading]
US Dollar Index: DXY stays depressed below 102.00 as mixed US employment signals prod Fed hawks
Share: US Dollar Index remains pressured after reversing from three-week high. Fears of easing US job market strength, limited scope for Fed hawks amid recession woes challenge DXY bulls. Banking sector fears, hopes of no policy pivot in 2023 put a … [Continue reading]
Silver Price Analysis: XAG/USD surges back above $25.00 on US Treasury yields fall
Share: XAG/USD bounced off the weekly lows below the 20-day EMA and reclaimed $25.00. A sour sentiment, and falling US T-bond yields, triggered flows to XAG. XAG/USD would remain upwards above $25.50; otherwise, sellers can drag prices to the … [Continue reading]
US Dollar retreats after US data, eyes on Fed policy decisions
Share: US Dollar starts the month of May on a firm footing, gathers strength against its major rivals. US Dollar Index climbed to its highest level in three weeks above 102.0. Federal Reserve's policy meeting could significantly influence the US … [Continue reading]