USD/INR is expected to display sheer losses as it has surrendered the critical support of 81.60. The 10-year US Treasury yields have dropped to near 3.66% as investors see no 75 bps rate hike move ahead. Weaker oil prices and firmer Indian … [Continue reading]
Japan Corporate Service Price Index (YoY) meets forecasts (1.8%) in October
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]
Silver Price Forecast: XAG/USD retraces after hitting a new week high around $21.60s
US Dollar weakened across the board on dovish-tilted Federal Reserve minutes. Mixed economic data from the United States keeps the US Dollar pressured. XAG/USD Price Analysis: Remains upward after conquering the 200-DMA, eyeing $22.00. Silver price … [Continue reading]
Will crypto survive if Genesis goes bust, Binance CEO CZ chimes in
Genesis waits for bailout from potential investors following FTX contagion. Binance CEO CZ assures investors that crypto will survive even if Genesis doesn’t. Genesis is committed to solving the situation without filing for bankruptcy like the … [Continue reading]
ECB’s Makhlouf: Housing markets reflect early indications of reduced demand
European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Thursday that “housing markets across the world responding to rising interest rates, early indications of reduced demand.” Further comments “Vulnerabilities accumulated … [Continue reading]
AUD/USD advances towards 0.6800 as US Dollar extends losses amid a risk-on mood
AUD/USD is inching strongly towards the crucial hurdle of 0.6800 as US Dollar is facing immense selling pressure. The US Dollar is exposed to test a three-month low at 105.34 amid a risk appetite theme. Economists at ANZ Bank believe that the … [Continue reading]
EUR/USD to average 0.95 in H1 2023 – JP Morgan
Analysts at JP Morgan (JPM) expect EUR/USD pair to average 0.9500 during the first half (H1) of the next year (2023) while also citing possibilities of a test towards 0.9000 (assuming no de-escalation in geopolitics). The investment bank also … [Continue reading]
Cardano price could challenge retail bears with an uptrend liquidity hunt
Cardano price auctions under a broken support zone, which could cause a short-term pullback. ADA shows October’s traders in profit, which creates liquidity for market makers in the mid $0.30 zone. Invalidation of the bullish potential is a breach … [Continue reading]
USD/MXN Price Analysis: Testing critical support around 19.30
Mexican peso rises again versus US dollar. USD/MXN tests critical support around 19.25/30. Upside remains limited while under 19.55/60. The USD/MXN is falling on Wednesday for the second day in a row, amid a weaker US Dollar and ahead of the … [Continue reading]
Conditions of inflation turning into hyperinflation much closer to being met in eurozone than in US – Natixis
Could inflation turn into hyperinflation in the United States or the eurozone? Economists at Natixis determine the conditions that must be met for inflation to turn into hyperinflation. Is there a risk of hyperinflation? “In the US, … [Continue reading]