Trade Balance in the United States shows the deficit widening, a headwind for the US Dollar. Factory Orders in Germany kept the Euro buoyant amid a gloomy outlook. Federal Reserve and European Central Bank December meetings to keep the pair in … [Continue reading]
New Zealand: Building work put in place in Q3 – Westpac
Analysts at Westpac provide their first impressions of New Zealand’s construction sector activity report for the third quarter. Key quotes “Construction activity has continued to charge higher, with the amount of building work put in place rising by … [Continue reading]
GBP/USD drops below 1.2200 as investors see Fed’s interest rate peak at 5.75%
GBP/USD has surrendered the psychological support of 1.220 amid negative market sentiment. The US Dollar is aiming higher as investors are expected that Fed’s interest rate will peak around 5.50-5.75%. Upbeat UK consumer spending is going to create … [Continue reading]
BoJ’s Kuroda: Once 2% inflation target is consistently met, will consider exiting ultra-loose policy
Bank of Japan (BoJ) Governor Haruhiko Kuroda made some comments on exiting its ultra-loose monetary policy during his appearance on Tuesday. Additional comments BoJ has acknowledged upside inflationary risks. Japan likely to see wages rise in next … [Continue reading]
Silver Price Analysis: XAG/USD plummets from 8-month highs to $22.20s
Silver price plunges 3.74%, on high US Treasury yields, back below $22.30. Silver Price Analysis: A daily close below $22.24 would exacerbate a fall further; otherwise, a re-test of $23.00 is possible. Silver price collapsed from around $23.51 daily … [Continue reading]
EUR/USD falls on robust US ISM Services data, tumbles below 1.0500
The Euro is falling against the US Dollar after hitting a six-month high nearby 1.0600. US ISM Non-Manufacturing activity surprisingly jumped in the United States. Eurozone data was mixed, though tilted negative as Retail Sales dropped. EUR/USD Price … [Continue reading]
Recent TRY stability to be followed by further weakness – MUFG
The Turkish Lira has continued to display remarkable stability against the US Dollar in November. Nonetheless, risks remain heavily tilted to the downside for the TRY, in the view of economists at MUFG Bank. Intervention is helping to support … [Continue reading]
Austria Gross Domestic Product (QoQ): 0.2% (3Q) vs -0.1%
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]
Kuwait’s Oil Minister: OPEC+’s decisions based on oil market data and to ensure market stability
Following a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait's Oil Minister Bader al Mulla said late Sunday that OPEC+'s decisions are based on oil market data and ensure the market's stability. He added … [Continue reading]
Gold Price Forecast: XAU/USD struggles around $1,800 ahead of ISM Services PMI data
Gold price is hovering around $1,800.00 as investors await US ISM Services PMI data. The upbeat US NFP data has failed to fade the odds of the Fed’s rate hike slowdown. Solid United States Services New Orders could drive inflation expectations … [Continue reading]