Share: Federal Reserve Chair Jerome Powell stated that the interest rates would be higher than anticipated. Powell also stated that, at the moment, there is little evidence of disinflation in core services. Crypto market immediate reaction to … [Continue reading]
FOMC Chairman Powell likey to say strong economy could lead to more rate hikes – WSJ
Share: FOMC Chairman Powell is likely to note in his testimony before the Senate Banking Committee that strong economic activity this year could lead the Fed to raise rates more than expected, the Wall Street Journal's Nick Timiraos reported on … [Continue reading]
GBP/USD faces further consolidation near term – UOB
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest GBP/USD cold extend the side-line theme between 1.1925 and 1.2120 in the next weeks. Key Quotes 24-hour view: “We expected GBP to edge higher to 1.2070 … [Continue reading]
USD/CNH Price Analysis: Prints mild losses below 6.9800 resistance confluence
Share: USD/CNH eases from a one-week high to pare the previous day’s gain. 100-DMA, support-turned-resistance from early February appears a tough nut to crack for bulls. Looming bear cross on MACD, steady RSI (14) hints at further grinding towards … [Continue reading]
USD/MXN conquers the 18.000 figure ahead of Fed’s Powell speech before US Congress
Share: USD/MXN reclaims 18.0000 post US factory data, ahead of Fed’s Powell speech. The US Dollar remained offered, though it was no excuse for the USD/MXN to register gains. USD/MXN Price Analysis: Downward biased, but it would need a daily close … [Continue reading]
Shiba Inu price could crash to December 2022 lows if it loses this level
Share: Shiba Inu price declined by nearly 12% in the last seven days to trade at the $0.00001100 area. SHIB is looking at another 12.5% crash if the selling continues. If the altcoin ends up being oversold, it could recover slightly before hitting … [Continue reading]
USD/IDR: No changes to the side-lined mood – UOB
Share: Market Strategist Quek Ser Leang at UOB Group favours the continuation of the current consolidation in USD/IDR. Key Quotes “Our narrative last week was ‘Further USD/IDR strength is likely but it remains to be seen if the next major resistance … [Continue reading]
EUR/SEK: Hawkish Riksbank to support the Krona – CIBC
Share: Over the last month, only the MXN has outperformed the SEK versus both the USD and EUR. Economists at CIBC Capital Markets expect the Krona to continue strengthening over the coming months. Riksbank to tighten by a further 50 bps in April “In … [Continue reading]
China’s NDRC: Economy steadily improving
Share: Vice Chair of China’s National Development and Reform Commission of the People's Republic of China (NDRC) said in a statement on Monday, the economy steadily improving. Additional comments “Will further release the potential for consumption. … [Continue reading]
GBP/USD Price Analysis: Cable retreats towards resistance-turned-support near 1.2000
Share: GBP/USD pares the first weekly gain in three as traders brace for the key data/events. Upside break of one-month-old descending trend line, bullish MACD signals favor buyers. Bulls need clear break of 50-DMA to retake control; 200-DMA puts a … [Continue reading]