Gold price returns to the red. As FXStreet’s Dhwani Mehta notes, $1,940 is a tough nut to crack for XAU/USD bulls. Gold price could be briefly punished “Gold sellers need a daily closing below the lower boundary of the rising wedge formation, now at … [Continue reading]
S&P 500 Futures trace Wall Street’s clues, US Treasury yields stay pressured amid lackluster markets
Market sentiment remains mixed as traders brace for next week’s Fed meeting after mixed PMIs. Cautious mood ahead of US Q4 GDP joins blackout periods at Fed, ECB to restrict market moves. S&P 500 Futures extends pullback from six-week high, US … [Continue reading]
NZ CPI beats expectations and NZD/USD pops to session highs of 0.6525
The Consumer Price Index released by the Statistics New Zealand is out as follows: New Zealand Q4 inflation 1.4% QoQ (expected 1.3%) 7.2% YoY (expected 7.1%) New Zealand's consumer price index (CPI) rose 1.4% in the fourth quarter on … [Continue reading]
United States 52-Week Bill Auction: 4.47% vs previous 4.515%
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]
Tezos Price Forecast: XTZ rally nearly out of fuel as some rough terrain lies ahead
Tezos price is digesting the firm rejection it received during its rally. XTZ is being pushed higher as the time window toward the US Fed meeting of February closes rapidly. Expect a near 17% gain though the rally is set to stall soon. Tezos (XTZ) … [Continue reading]
USD/JPY drops to fresh daily low, below 130.00 handle amid prevalent USD selling bias
USD/JPY meets with a fresh supply on Wednesday amid broad-based USD weakness. Bets for smaller Fed rate hikes, softer US bond yields weigh heavily on the greenback. Recession fears benefit the safe-haven JPY and also contribute to the intraday … [Continue reading]
XRP price signals breakout, Ripple bulls to eye 20% rally soon
XRP price has breached a nearly 450-day declining trend line, indicating a bullish resurgence. Investors can expect the remittance token to retest the 200-week SMA at $0.493. A daily candlestick close below the EMA confluence at $0.379 will … [Continue reading]
USD/CAD declines towards weekly low at around 1.3340 ahead of BoC’s interest rate policy
USD/CAD is looking to extend its downside towards a weekly low around 1.3340 amid the risk-on market mood. The BoC is expected to hike interest rates further by 25 bps to 4.50% this week. Oil prices might deliver a recovery amid optimism over China’s … [Continue reading]
USD/CAD hovers around 1.3375 ahead of the BoC’s decision
USD/CAD seesawed around 1.3342-1.3417, ahead of the Bank of Canada monetary policy decision. Analysts expect the BoC to raise rates by 25 bps and to pause. The BoC would release monetary policy minutes for the first time in its history. The USD/CAD … [Continue reading]
EUR/USD Forecast: Euro faces key support at 1.0840
EUR/USD has turned south and declined below 1.0900. The pair is likely to find support at 1.0840. Mixed comments from ECB officials seem to be limiting the Euro's upside for the time being. EUR/USD has lost its traction and declined below 1.0900 … [Continue reading]