Share: XAU/USD Current price: $1,835.59 Signs of persistently high inflation maintain market players in cautious mode. Government bond yields keep reaching multi-year highs amid price pressure concerns. XAU/USD lost upward momentum, but buyers are … [Continue reading]
EUR/USD to drift higher later in the year – MUFG
Share: In February, the Euro weakened further versus the US Dollar moving from 1.0866 to 1.0612. Economists at MUFG Bank expect the world’s most popular currency pair to move back higher later in the year. ECB is set to be on hold for longer than … [Continue reading]
Gold Price Forecast: Bulls halt rally as US Treasury yields rise
Share: Gold price breaks out of descending parallel channel as market mood improves. US Dollar sell-off halted by rising US Treasury bond yields. ISM Services PMI release is still awaited for fresh impulse on XAU/USD. Gold … [Continue reading]
Gold Price Forecast: XAU/USD drops towards 200-SMA retest as yields underpin US Dollar rebound
Share: Gold price holds lower ground after reversing from one-week high, snaps three-day winning streak. US Treasury bond yields refresh multi-month highs amid inflation, rate hike fears. China-linked optimism fades ahead of G20; US data, Fed talks … [Continue reading]
South Korea S&P Global Manufacturing PMI above forecasts (48) in February: Actual (48.5)
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: Bears in town and eye last week’s lows as target
Share: GBP/USD bears are in town and eye a move towards last week's lows. Failed breakout to the upside for the week leaves a bearish bias on the charts. GBP/USD shorts are in the market. Still, the price moved up marginally at times due to … [Continue reading]
Fed’s Bostic: Policy rate needs to remain at 5.00%-5.25% range well into 2024
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]