Share: Sterling is trading modestly higher on the USD ahead of the BoE policy decision. Signals of a rate pause could draft the GBP down, economists at Scotiabank report. 25 bps hike expected “The BoE is widely expected to hike 25 bps, with a 1/4 … [Continue reading]
ECB’s Muller: The central bank should likely raise rates by a little
Share: European Central Bank (ECB) Governing Council member Madis Muller said on Thursday, “the ECB should likely raise rates by a little.” Additional quotes “Inflation is a bigger problem than the rise in borrowing costs.” “It is vital for us to … [Continue reading]
S&P 500 Futures, yields lick Fed inflicted wounds ahead of more central bank announcements
Share: Markets consolidate Fed induced losses ahead of monetary policy announcements from BoE, SNB. S&P 500 Futures pare the biggest daily loss in two weeks, yields struggle after falling the most in a week. Fears emanating from banking … [Continue reading]
Brazil Interest Rate Decision in line with forecasts (13.75%)
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]
Gold Price Forecast: Fed’s decision could push XAU/USD back towards $2,000
Share: XAU/USD Current price: $1,949.10 The United State Federal Reserve is likely to hike its benchmark rate by 25 bps. Market participants await fresh clues on future monetary policy. XAU/USD managed to recover some ground ahead of Fed’s … [Continue reading]
USD/JPY will eventually retest the 127.53/23 YTD lows – Credit Suisse
Share: USD/JPY may see a near-term pause. Nevertheless, analysts at Credit Suisse continue to look for an eventual retest of the 127.53/23 year-to-date lows. Resistance at 135.12 ideally caps a near-term consolidation phase “Whilst we may see a … [Continue reading]
AUD/USD: Further upside loses traction – UOB
Share: In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the likelihood of extra gains in AUD/USD seems to have lost some traction for the time being. Key Quotes 24-hour view: “Our view that AUD would … [Continue reading]
Gold Price Forecast: XAU/USD struggles to remain above $1,940 as fears of US banking crisis trim
Share: Gold price is making efforts for maintaining its auction above $1,940.00. The recent rally in the Gold price was driven was weakness in the USD Index and fears of a banking sector meltdown. The USD Index is showing a subdued performance as … [Continue reading]
Japan’s Matsuno: Will allocate more than 2 trillion Yen to cushion blow to economy from rising prices
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]
GBP/USD Price Analysis: Bulls are in the market and eye a bullish extension
Share: GBP/USD bulls are in the market ahead of the central banks. Bulls are the front side of the bullish trend leaving the bias bullish near and longer term. GBP/USD is grappling with the 1.22 area on Tuesday, keeping close to an … [Continue reading]