Share: EUR/USD displayed a solid recovery from 1.0600 as investors underpinned the risk-on market mood. The USD Index corrected as investors digested the hawkish Federal Reserve minutes. European Central Bank is eyeing a continuation of 50 bps rate … [Continue reading]
GBP/USD Price Analysis: Bounces off immediate support line towards 1.2100
Share: GBP/USD picks up bids to refresh intraday high, pares biggest daily loss in over a week. One-week-old ascending trend line joins hidden bullish RSI divergence to favor Cable buyers. 200-EMA appears important challenge for bulls, six-week-old … [Continue reading]
South Korea Producer Price Index Growth (YoY) came in at 5.1%, below expectations (5.7%) in January
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]
Gold Price Forecast: XAU/USD stable above $1,830
Share: XAU/USD Current price: $1,835.33 Geopolitical tensions and price pressures continue to undermine the market mood. FOMC Meeting Minutes unlikely to shock investors as Fed path is clear. XAU/USD maintains a neutral-to-bearish stance as … [Continue reading]
EUR/USD: Break below 1.0615 to set up a test of January 6 low near 1.0485 – BBH
Share: EUR/USD is still trading south of 1.07. A break under last week’s low of 1.0615 could open up further losses to the 1.0485 mark, economists at BBH report. Germany reported a mixed February IFO business climate survey “The Euro is trading … [Continue reading]
EUR/USD: The downside risk is likely to dominate – Commerzbank
Share: The January inflation data for the Eurozone could provide a mild tailwind for the Euro. Nevertheless, the lower end is likely to remain the weaker one for now, economists at Commerzbank report. Storm clouds are gathering for the manufacturing … [Continue reading]
EUR/USD Price Analysis: Extends recovery above 1.0660 as investors’ risk-taking capacity improves
Share: EUR/USD has rebounded above 1.0660 as the risk appetite of the market participants has improved. The formation of the Symmetrical Triangle below the 61.8% Fibo retracement is indicating a volatility contraction. ECB Lagarde has confirmed the … [Continue reading]
EUR/USD Price Analysis: Retreats from 1.0650 amid dismal market mood
Share: EUR/USD is continuously facing selling pressure from 61.8% Fibo retracement around 1.0700. The 89-period (High-Low) SMA band is barricading the Euro consistently. A slippage by the RSI (14) into the bearish range of 20.00-40.00 will trigger … [Continue reading]
United States 2-Year Note Auction: 4.673% vs 4.139%
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 Price Analysis: Extra consolidation appears in store near term
Share: EUR/USD adds to Monday’s pullback, always below 1.0700. Further weakness could retest the monthly low near 1.0610. EUR/USD keeps the side-lined theme well in place in the lower end of the range in the sub-1.0700 region so far on Tuesday. If … [Continue reading]