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/JPY could trade well under 130 by late 2023 – ING
A weak growth environment and a clear drop in bond yields should lift the Japanese Yen. Thus, economists at ING expect the USD/JPY to drop under 130 by late 2023. Too early to expect the CNY to lead the Asian FX complex substantially higher “While it … [Continue reading]
Lasting rise in equity markets no sooner than the first half of 2023 – Natixis
How long until US share prices can be expected to recover? As long as no end to the rise in interest rates is in sight, there can be no lasting equity market recovery, in the view of analysts at Natixis. No lasting recovery in the share prices under … [Continue reading]
GBP/JPY Price Analysis: Bears resist to return even as bulls retreat from 167.50 hurdle
GBP/JPY snaps two-day uptrend, struggles around 1.5-month-old resistance line, 200-SMA and weekly horizontal hurdle. Sluggish MACD signals, one-week-old support line restrict seller’s entry. Bulls need to cross 167.50 to aim for double tops around … [Continue reading]
EUR/USD aims to test weekly highs around 1.0600 ahead of US forward inflation indicator
EUR/USD is eying more upside towards a weekly high at 1.0600 amid a cheerful market mood. The US Treasury yields have extended their gains to near 3.49% as the Fed is set to hike the interest rate further. The ECB is looking to hike interest rates by … [Continue reading]
Gold Price Forecast: Aiming for $1,800 as US Dollar weakness continues
XAU/USD Current price: $1,790.01 The better tone of US indexes weighs on the American Dollar on a quiet day. Uncertainty about what central banks will do next week spurs caution. XAU/USD biased higher in the near term, although speculative interest … [Continue reading]
United States Initial Jobless Claims 4-week average: 230K (December 2) vs 228.75K
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]
EUR/USD Forecast: Buyers to remain interested as long as Euro holds above 1.0500
EUR/USD has stabilized above 1.0500 after having snapped a two-day losing streak. Technical picture points to a bullish tilt in the short-term outlook. The pair could gain traction in case risk flows return. EUR/USD seems to have stabilized above … [Continue reading]
USD/CAD reverses BOC-inspired pullback as yields underpin US Dollar rebound
USD/CAD braces for the biggest weekly gains in 10 as it grinds near one-month high. Fears of recession, US-China tussles join chatters surrounding Russia to weigh on sentiment. Rebound in US Treasury yields favors US Dollar bulls despite pre-Fed … [Continue reading]
EUR/USD grinds higher past 1.0500 with eyes on ECB President Lagarde
EUR/USD treads water after snapping two-day downtrend, stays defensive of late. Downbeat US Treasury yields, softer US data favor broad-based US Dollar weakness. Firmer EU statistics, hawkish ECB survey underpin bullish bias amid sluggish … [Continue reading]