European Central Bank (ECB) President Christine Lagarde is speaking at a panel discussion titled "Finding Europe's New Growth" at the World Economic Forum (WEF), in Davos this Thursday. Key quotes Economic news have become much more … [Continue reading]
Solana Price Prediction: Buy the dip or end of bull rally?
Solana price produced a sell signal on January 19, resulting in a 13% crash. Investors can expect this correction to continue, resulting in another 17% drop. A daily candlestick close above $23.38 that flips it into a support floor will invalidate … [Continue reading]
USD/CNY fix: 6.7674 vs. the previous fix of 6.7602
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.7674 vs. the previous fix of 6.7602 and the prior close of 6.7620. About the fix China maintains strict control of the yuan’s rate on the mainland. The … [Continue reading]
United States Net Long-Term TIC Flows rose from previous $67.8B to $171.5B in November
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]
USD/CHF tumbles to lowest since November 2021 on lower yields and weaker Dollar
Swiss Franc rises sharply versus Dollar and Euro. Expectations about a less hawkish ECB support the Swiss Franc. USD/CHF falls for the fifth consecutive day on Wednesday. The USD/CHF is falling by almost a hundred pips on Wednesday after trimming … [Continue reading]
Improving global growth should support NOK and SEK – Nordea
Bad start to the year, but the Swedish Krona and the Norwegian Krone should see improvement ahead, in the view of analysts at Nordea. Risk-sensitive currencies should do better if calls for global recession do not materialise “China’s reopening and … [Continue reading]
Gold Futures: Further downside appears limited
Open interest in gold futures markets reversed the recent uptrend and shrank by around 3.5K contracts on Tuesday according to preliminary readings from CME Group. Volume followed suit and dropped for the second consecutive session, now by nearly 2K … [Continue reading]
USD/JPY jumps 200-pips to cross 130.00 as BoJ holds interest rate, YCC policy intact
USD/JPY rises over 200-pips on the BoJ inaction, eyes the biggest daily jump in seven months. Bank of Japan leaves benchmark rate, YCC policy unchanged. Yields rally following the BoJ announcements while equities, stock futures and DXY decline. BoJ … [Continue reading]
USD/CAD rebounds from 1.3370 as investors turn anxious ahead of US PPI
USD/CAD has picked strength after testing the critical support at 1.3370. The end of the four-day winning spell by the S&P500 is portraying caution in the risk impulse. Lower-than-anticipated Canada’s December CPI report has delighted the … [Continue reading]
AUD/USD buyers stepped around weekly lows, dragging the pair towards 0.6970s on weak USD
The Australian Dollar got bolstered by China’s upbeat GDP and improvement in Australia’s consumer sentiment. New York Fed Empire State Manufacturing Index plunged as business conditions deteriorated, augmenting speculations for a Fed pivot. AUD/USD … [Continue reading]