Share: In an essay published on Wednesday, Atlanta Fed President Raphael Bostic said that he maintains the view the policy rate needs to rise to the 5.00%-5.25% range and remain at that level well into 2024, as reported by Reuters. "A narrative … [Continue reading]
EUR/USD: China’s reopening provides additional 3-4% upside potential – Barclays
Share: Economists at Barclays Research see scope for further upside in the EUR/USD pair. Ongoing policy normalization by the ECB supports medium-term EUR upside “A faster exit from zero-COVID in China and a maturing tightening cycle for the Fed, … [Continue reading]
USD/CAD Price Analysis: Further downside towards 1.3580 support confluence appears imminent
Share: USD/CAD takes offers to renew intraday low, reverses from “double top”. 100-HMA, two-week-old ascending trend line restrict immediate downside. RSI’s pullback from overbought territory, bearish MACD signals favor sellers. 200-HMA, 1.3530 act … [Continue reading]
GBP/USD Price Analysis: Pullback from 1.2110 resistance confluence lures Cable bears
Share: GBP/USD remains pressured after reversing from the short-term key resistance confluence. Convergence of 200-EMA, one-month-old descending trend line challenges Cable buyers. Double bottoms around 1.1920-15 restricts short-term downside of … [Continue reading]
Hedera Hashgraph Price Prediction: HBAR points south but the macro setup suggests otherwise
Share: The winter rally, which rose HBAR price 180% since January 1, remains intact amidst bearish price action. A decline as low as $0.049 would result in a 30% decrease in market value but could be viewed as a buying … [Continue reading]
EUR/USD: Life is difficult for Euro bulls – SocGen
Share: Economists at Société Générale discuss EUR outlook. In their view, risks for the shared currency are tilted to the downside. Key support below 1.0500 at 1.0450 “EUR/USD support at 1.0450 if 1.05 gives way.” “March seasonals are … [Continue reading]
AUD/USD could extend its decline to the 0.6550 mark – SocGen
Share: AUD/USD continues its decline toward 0.6700. Further losses toward 0.6660 are on the cards, potentially to 0.6550, economists at Société Générale report. Support 0.6660, resistance 0.6800 “AUD/USD evolved within a Head and Shoulders. … [Continue reading]
France Consumer Price Index (EU norm) (MoM) meets forecasts (1%) in February
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]
GBP/USD Price Analysis: Fades Brexit deal-inspired upside momentum near 1. 2050
Share: GBP/USD remains sidelined after rising the most in seven weeks. UK PM Sunak manages to strike all-around acceptability with latest Brexit deal. Sluggish oscillators probe traders around previous resistance line. Key DMAs, support line … [Continue reading]
AUD/USD faces barricades around 0.6750 ahead of Australian GDP and US PMI data
Share: AUD/USD has sensed heat in stretching its recovery above 0.6750 as the risk appetite theme has not strengthened enough. A decline in the monthly inflationary pressures will provide relief to the RBA. The contraction in the US Manufacturing … [Continue reading]