Share: The European Central Bank is set to announce its policy decision and projections on Thursday. ECB’s Lagarde will hold a press conference and volatility for EUR/USD is expected. The short-term uptrend continues to struggle higher … [Continue reading]
USD/JPY Forecast: Seems vulnerable amid hawkish BoJ talks, break below 100-day SMA awaited
Share: USD/JPY prolongs its downtrend for the third straight day and dives to a multi-week low. Bets for an imminent shift in the BoJ’s policy stance lift the JPY and exert heavy pressure. The uncertainty over the Fed’s rate-cut bets weighs on the … [Continue reading]
Australian Dollar clings to gains after upbeat Chinese Trade data
Share: Australian Dollar appreciates on weaker US Dollar despite improved US Treasury yields. Australian Trade Balance (MoM) increased to 11,027M in February, slightly below the expected 11,500M. Chinese Trade Balance USD increased … [Continue reading]
NZD/USD trades with mild positive bias below 0.6150, Chinese Trade Balance data looms
Share: NZD/USD posts modest gains near 0.6130 in Thursday’s early Asian session. Fed’s Powell said he expects rate cuts later this year, but the number of cuts will depend on the economy. RBNZ’s Conway said it might begin to cut rates … [Continue reading]
AUD/USD hits two-week high amid Powell testimony
Share: AUD/USD surpasses key resistance levels, as Powell's testimony suggests peak interest rates. Soft US job data and Powell's cautious stance on rate cuts fuel optimism for AUD, highlighting a shift in Fed policy outlook. US ADP report and … [Continue reading]
Pound Sterling remains upbeat after Hunt’s budget statement
Share: The Pound Sterling holds strength amid UK Spring Budget announcement. Measures outlined in the UK Budget could significantly impact the inflation outlook. Fed Powell didn't provide timing for rate cuts in his prepared remarks. The … [Continue reading]
GBP/USD to press strong resistance at 1.2800/1.2825 – ING
Share: Today sees UK Chancellor, Jeremy Hunt, present a pre-election budget. The Pound Sterling (GBP) is the only G10 currency to print positive total returns against the US Dollar (USD) this year. An expansionary UK budget would support the GBP, … [Continue reading]
Australian Dollar strengthens on improved ASX 200 amid a stable US Dollar
Share: Australian Dollar recovers intraday losses as the ASX 200 Index improves on Wednesday. Australian GDP (QoQ) grew by 0.2%, slightly below the expected 0.3% in the fourth quarter of 2023. Commonwealth Bank of Australia reiterated its … [Continue reading]
Australia Gross Domestic Product (QoQ) came in at 0.2% below forecasts (0.3%) in 4Q
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]
Bitcoin price’s new peak sends spot BTC ETFs past $50 billion in assets
Share: Bitcoin price recorded a peak of $69,324 on Tuesday only for a short while before a retraction. It is unlikely that BTC will peak at $69K twice, with $70,000 likely to come soon. Almost $200 million shorts have been liquidated against $324 … [Continue reading]