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]
Gold Price Forecast: Sellers maintain the pressure
Share: XAU/USD Current price: $1,814.02 Discouraging US data and persistent inflationary pressures weigh on the market mood. Wall Street started the day with optimism but already trimmed most of its early gains. XAU/USD is bearish in the near term … [Continue reading]
NZD/USD remains depressed below mid-0.6100s, lowest since November ahead of US data
Share: NZD/USD continues losing ground on Monday and drops to its lowest level since November. A modest recovery in the risk sentiment undermines the USD and lends support to the pair. Hawkish Fed expectations, elevated US bond yields support … [Continue reading]
EUR/USD could trade down to 1.0460 – ING
Share: EUR/USD lost more than 100 pips last week. Dollar strength is set to keep the pair heavy, economists at ING report. Like the Fed, the ECB remains very much in hawkish mode “Investors fully subscribe to the ECB's message of a 50 bps hike … [Continue reading]
NZD/USD refreshes three-month low below 0.6150 as US consumer spending fuels hawkish Fed bets
Share: NZD/USD has printed a fresh three-month low at 0.6150 amid the risk-off market mood. Federal Reserve looks set to push interest rates above 5% to contain sticky inflation. Reserve Bank of New Zealand Conway sees the terminal rate at 5.50% as … [Continue reading]