Bitcoin hit new all-time highs and looks to set a new target of $100K as next significant number. Ethereum price broke a bearish top line and could hit new all-time highs by the end of this week. Ripple price sees both bears and … [Continue reading]
USD/JPY to consolidate between 113.80 and 114.80 in the upcoming sessions – OCBC
USD/JPY is ticking down for the second successive day. Economists at OCBC expect the pair to enter a period of consolidation within a 113.80-114.80 range. Topside limited by broad USD sogginess “Dips have been shallow and well-cushioned at 114.00. … [Continue reading]
ECB pushes banks to boost their post-Brexit operations – FT
The European Central Bank (ECB) is calling out banks to boost human and financial resources to enhance their post-Brexit operations in continental Europe, according to the latest story carried by the Financial Times (FT) on Thursday. Key takeaways … [Continue reading]
Japan Foreign Investment in Japan Stocks down to ¥960.1B in October 15 from previous ¥1013.5B
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 Forecast: Cautious bulls looking to push it through 1.1670
EUR/USD Current price: 1.1654 ECB´s Francois Villeroy repeated that current inflation spikes are expected to be temporary. US Treasury yields surged to their highest since mid-May, retreating afterwards. EUR/USD is technically bullish but still … [Continue reading]
US: EIA Crude Oil Stocks decline by 0.4 million barrels, WTI trades above $82
Commercial crude oil inventories in the US decreased by 0.4 million barrels in the week ending October 15, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. This reading came in much lower than … [Continue reading]
ECB’s Wunsch: Expansionary policy has negative side effects that increase over time
European Central Bank (ECB) policymaker Pierre Wunsch told WirtschaftsWoche magazine on Wednesday that he advocates for a gradual exit from the ECB's expansionary monetary policy, as reported by Reuters. "Expansionary monetary policy has … [Continue reading]
United Kingdom Core Consumer Price Index (YoY) below expectations (3%) in September: Actual (2.9%)
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/JPY Price Analysis: Refreshes four-month high on the way to 133.70 hurdle
EUR/JPY renews the highest levels since mid-June, eases from multi-day top of late. Horizontal line from late May challenges short-term buyers amid overbought RSI conditions. Pullback moves may fade around mid 132.00s, comprising 5-DMA. EUR/JPY … [Continue reading]
US Stocks Forecast: Wall Street’s earnings cheerd by investors
S&P 500, Nasdaq climb for 5th straight session as investors cheer earnings. The S&P 500 led the gains in percentage points of 0.74% followed by the Nasdaq Composite that added 107.28 points, or 0.71%. The Dow Jones Industrial … [Continue reading]