The high beta status of the SEK has done little to protect its value of late. Economists at CIBC Capital Markets expect the EUR/SEK pair to move back lower and dip under 11 in the second half of the year. More constructive SEK backdrop would help … [Continue reading]
Gold Price Forecast: XAU/USD rebounds on China data, International Monetary Fund growth projections
Gold price prints the first daily gains in four while reversing from monthly support line. Market sentiment improves on upbeat China Purchasing Managers’ Indexes, International Monetary Fund growth forecasts. Anxiety ahead of Federal Reserve monetary … [Continue reading]
USD/CAD Price Analysis: Testing waters after a trendline breakout near 1.3400
USD/CAD is testing the strength of the breakout above the downward-sloping trendline from 1.3520. Investors have underpinned the risk aversion theme ahead of the Fed’s monetary policy. A bullish range shift by the RSI (14) indicates that the upside … [Continue reading]
USD/CAD hits fresh daily highs above 1.3350 on a quiet session ahead of key data
US Dollar up modestly amid higher US yields ahead of Fed and key data. Equity and crude oil prices trim losses during the American session. USD/CAD holds above 1.3300, risks remain tilted to the downside. The USD/CAD peaked during Monday’s American … [Continue reading]
EUR/USD Forecast: Bulls hold the grip but turn cautious
EUR/USD Current Price: 1.0900 Central banks' decisions and the US Nonfarm Payrolls report stand out this week. Euro Zone macroeconomic news painted a gloomy picture ahead of the ECB decision. EUR/USD retains the bullish stance, although market … [Continue reading]
Italy Trade Balance non-EU: €4.084B (December) vs €2.011B
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]
S&P Global Ratings keep Australia’s AAA/A-1+rating unchanged with stable outlook
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]
AUD/NZD sees range extension above 1.0950 on solid NZ Trade Balance data
AUD/NZD is expected to extend recovery above 1.0950 despite firmer NZ Trade Balance data. A higher NZ labor cost index will escalate inflation projections further. Weaker Australian monthly Retail Sales might ease some troubles for the RBA. The … [Continue reading]
Hedera Price Prediction: HBAR missed the opportunity to reach that target before the fade kicked in
Hedera price sees its rally stalling this week. HBAR sees bulls leaving the price action to avoid the challenges from next week. Several tail risks are set to emerge again, crushing the rally of 2023. Hedera (HBAR) price has been shooting for the … [Continue reading]
Terra Classic Price Prediction: LUNC turns to the downside as the cap proves too strong
Terra Classic price is set to tank over 10% for the week as bulls break teeth on the price cap. LUNC turns to the downside in search of support. With the market turmoil forecasted for next week, a test and break below the 55-day Simple Moving Average … [Continue reading]