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]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Forecasting gains vs. pain in December
Bitcoin price hovers above a previous congestion zone and has the potential to continue higher. Ethereum price auctions below a broken level of support and presents a risky trade. XRP price has ambitious short-term technicals that target … [Continue reading]
USD/MXN: Mexican Peso resilience might not last long due to domestic and external risks – MUFG
The Mexican Peso has been rising versus the US Dollar over the last weeks. Analysts at MUFG Bank, argue the resilience of the Mexican Peso might not last long amid domestic and external risks. Their forecast is for USD/MXN to reach 19.80 by the … [Continue reading]
When is the Canadian monthly jobs report and how could it affect USD/CAD?
Canadian employment details overview Statistics Canada is scheduled to publish the monthly employment report for November later this Friday at 13:30 GMT. The Canadian economy is anticipated to have added 5K jobs during the reported month, down … [Continue reading]
NZD/USD: Next major target level is 0.6450 – ANZ
Kiwi has seen move that has taken it through resistance at 0.6325. Next target on the upside aligns at 0.6450, economists at ANZ Bank report. Large interest rate advantage for the Kiwi “Kiwi has rallied strongly. This has come about mostly via a … [Continue reading]
RBA’s Lowe: Central bank’s decision to downshift reflects monetary policy lags
Reserve Bank of Australia (RBA) Governor Philip Lowe is participating in a panel discussion titled "Growth and Inflation Dynamics" at the Bank of Thailand 80th Anniversary Conference, in Bangkok. Key quotes Australia's inflation expectations remain … [Continue reading]
EUR/USD grinds near five-month high past 1.0500, ECB’s Lagarde, US NFP in focus
EUR/USD remains sidelined after refreshing multi-day high, probes three-day uptrend. Hopes of slower Fed rate hike drowned the US Treasury bond yields, US Dollar. Mixed data from Eurozone, United States, failed to tame the bulls. ECB’s Lagarde should … [Continue reading]
EUR/USD Price Analysis: Bulls eye higher highs in the 1.05 area
EUR/USD H1 W-formation has seen a correction into the 50% mean reversion area. The bulls are in control on the front side of the trendline support. As per the prior analysis, EUR/USD Price Analysis: Bears move in and eye a break towards … [Continue reading]
USD Index Price Analysis: Extra losses could test 104.63
The index remains well on the defensive and breaks below 105.00. The continuation of the downside could drop to the August low. DXY extends the leg lower to the area below the 105.00 level for the first time since mid-August. The continuation of the … [Continue reading]
GBP/USD Price Analysis: Refreshes weekly high, eyes 200-day SMA near mid-1.2100s
GBP/USD climbs to a fresh weekly high on Thursday amid sustained USD selling bias. Dovish remarks by Fed Chair Powell, weaker US bond yields weigh on the greenback. The technical set-up favours bullish traders and supports prospects for further … [Continue reading]