AUD/USD holds ground slightly below 0.6600 while the outlook remains uncertain. The Fed is expected to hold interest rates steady for the seventh straight time. The Australian Dollar will dance to the tunes of the Employment data. The AUD/USD pair … [Continue reading]
Japanese Yen remains subdued as BoJ is expected to maintain its current policy in June
The Japanese Yen edges lower as the BoJ is expected to maintain its current interest rates on Friday. The stable Japanese equity market has undermined the JPY. The US Dollar holds ground due to reduced odds of the two Fed rate cuts in 2024. The … [Continue reading]
Netherlands, The Consumer Price Index n.s.a (YoY) meets expectations (2.7%) in May
Gold price gained some positive traction on the first day of a new week and reversed a part of Friday's post-NFP slump to the $2,287-2,286 area, or over a one-month low. The uptick, however, remains capped in the wake of a bullish US Dollar, … [Continue reading]
Ethereum could see a bullish reversal following its Q1 earnings surpassing those of Robinhood, Etsy and Reddit
Ethereum ecosystem generated more revenue in Q1 than Etsy, Robinhood or Reddit. Issuers plan to market Ethereum as a 'producing tech stock' and the 'ultimate app store’. Ethereum could see a bullish reversal in the coming days. Ethereum's (ETH) … [Continue reading]
EUR/JPY Price Analysis: Support holds strong at 168.00 and clears losses
The daily RSI remains settled in the negative territory, with the daily MACD displaying flat red bars reflecting stable bearish momentum. The pair finds steady support near 168.00, stabilizing at 168.80 beyond the session's low at 168.15. The … [Continue reading]
GBP/USD Price Analysis: Consolidates around 1.2700 after hitting 7-day low
GBP/USD slightly down for the second session in a row. Technicals indicate losing buyer momentum as RSI approaches the 50-midline. A drop below 1.2700 could push GBP/USD towards key moving averages near 1.2686 and potentially lower. Upside seen above … [Continue reading]
Pound Sterling declines below 1.2700 as Fed rate-cut hopes wane, UK/US data in focus
The Pound Sterling drops to 1.2700 as delayed Fed interest rate-cut prospects dampen market sentiment. The strong US NFP report for May hit market speculation for Fed rate cuts. This week, investors will focus on UK Employment, US CPI, and the Fed’s … [Continue reading]
FX option expiries for June 10 NY cut
FX option expiries for June 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0685 1.1b 1.0760 570m 1.0775 1.1b 1.0800 961m 1.0850 834m 1.0875 580m 1.0900 1.7b - USD/JPY: USD … [Continue reading]
WTI rebounds to near $75.50 due to expectations of Fed rate cuts
WTI price gains ground due to speculation of a Fed rate cut in September. Crude Oil prices may struggle as a strong US jobs report would bolster a hawkish stance from the Fed. Concerns about a supply surplus have grown as OPEC+ decided to reverse … [Continue reading]
Cardano price consolidation likely to trigger bearish breakout
Cardano price is consolidating inside a descending triangle setup. A breakout from this pattern could trigger a 17% crash to $0.351. A decisive daily candlestick close above $0.492 will invalidate the bearish thesis. Cardano (ADA) price … [Continue reading]