The Bank of England (BoE) announced a temporary pause to corporate bond sale operations this week. However, the British pound is set to remain under downside pressure, economists at Commerzbank report. Stress on the gilt market “The stress on the … [Continue reading]
RBNZ Governor Orr: Reiterates more work to do to reduce inflation
RBNZ Governor Orr has reiterated that there is more work to do to reduce inflation. Meanwhile, there has been a double bottom in ND/USD that could be significant, at least for the Asian day ahead on Wednesday. A break of the … [Continue reading]
Forex Today: Dollar keeps rallying on fear
What you need to take care of on Tuesday, October 11: The American dollar extended last week’s momentum and rose on Monday against most of its major rivals as risk aversion dominated financial boards. On the one hand, the dismal mood was backed by … [Continue reading]
USD/JPY hovers around 145.70, shy of YTD highs as another BoJ intervention looms
USD/JPY marches firmly at around the 145.70s area as threats of Japanese intervention loom. Last week’s US employment report justifies the Fed’s case to go 75 bps in the November meeting. Fed’s Evans is optimistic that the Fed might slow down … [Continue reading]
AUD/USD to fall towards 0.60 after RBA’s dovish decision – MUFG
The Reserve Bank of Australia’s (RBA) surprise decision to slow the pace of tightening by delivering a smaller 25 bps hike weighed on the aussie. Economists at MUFG Bank expect the AUD/USD pair to challenge the 0.6000 level. RBA policy update … [Continue reading]
EUR/USD: Threat of energy crisis to continue putting pressure on the euro – Commerzbank
Today, an expert commission is expected to publish details about measures to ease the impact of high gas prices proposed by the German government. Nonetheless, the euro is set to remain under pressure as common action across Europe is what matters, … [Continue reading]
Taiwan’s Pres. Tsai: Peace and stability in the Taiwan Sstrait has been threatened by China
Taiwanese President Tsai Ing-Wen said on Monday that “the status quo of peace and stability in the Taiwan Strait has been threatened by China's expansion of its military intimidations, diplomatic pressure, trade restrictions, and attempts to … [Continue reading]
Gold Price Forecast: XAU/USD rebounds to $1,700 with eyes on US inflation, Fed Minutes
Gold price struggles to keep pullback from the monthly high, rebounds from short-term key supports. Hawkish Fed bets, geopolitical concerns underpinned the US dollar’s demand. Firmer US jobs report, mixed concerns in the EU add strength to the USD … [Continue reading]
Solana launches the Mesh program for DAOs as SOL price foreshadows a 12% climb
Solana price needs to close the distance to $33.34 ahead of a potential rising triangle breakout. Solana announces Mesh; a new program specifically built for DAOs and institutions. Solana price is assessing the possibility of a bullish breakout to … [Continue reading]
Ethereum price could validate a 12% selloff before relief rally
Ethereum price is grinding toward a potential symmetrical triangle breakout. Hope for a bullish breakout from the triangle may be snuffed out by intense seller congestion at $1,334. Ethereum price relief rally is at the mercy of investors holding … [Continue reading]