GBP/USD touched its lowest level since December near 1.2500 on Friday. The technical outlook suggests that the bearish bias stays intact. BoE-ECB policy divergence could help Pound Sterling limit its losses. After posting small gains on … [Continue reading]
Gold Price Forecast: Focus on weekly close above $2,400 amid heightened geopolitical tensions
Gold price records another historic level just shy of $2,400 early Friday. US Dollar consolidates with US Treasury bond yields, as a Fed rate cut is now priced for September. Middle East Geopolitical tensions will keep refueling Gold buyers even as … [Continue reading]
Fed should be able to cut rates by end 2024, IMF managing director says
The Federal Reserve (Fed) should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund. Key quotes “We remain on our projection that we would see, by the … [Continue reading]
Mexican Peso remains stable against US Dollar after US inflation report
Mexican Peso trims some weekly losses as USD/MXN stays virtually unchanged. Mexico's Industrial Production contracts, underscoring economic challenges, while US producer prices suggest softening inflation. Fed officials' comments on inflation and … [Continue reading]
Gold price holds strength despite investors see only two rate cuts from Fed this year
Gold price rebounds due to increasing geopolitical tensions and physical Gold buying by global central banks. Investors expect that the Fed will keep interest rates at current levels until the third quarter of this year. US core PPI grew … [Continue reading]
Is Bitcoin sucking liquidity from altcoins, or will alt season begin again?
Bitcoin price continues its sideways movement around the $70,000 psychological level. Bitcoin dominance is increasing ahead of the fourth BTC halving. Capital rotation due to the interest rates being higher for longer could push capital to … [Continue reading]
EUR/USD Price Analysis: The key support level is seen around 1.0730, oversold RSI condition eyed
EUR/USD attracts some sellers near 1.0745 on the firmer USD on Thursday. The pair resumes its bearish stance below the key EMA, with an oversold RSI condition. The key support level is seen at the 1.0725–1.0730 zone; the first upside target is … [Continue reading]
PBoC sets USD/CNY reference rate at 7.0968 vs 7.0959 previous
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]
US Dollar rises on hot inflation figures, hawkish bets
Inflation measured by the CPI in the US accelerated in March. Following the hot figures, the odds of a rate cut in June plummeted. Hawkish bets on Fed, soaring US Treasury yields benefit USD. FOMC minutes saw officials concerned with sticky … [Continue reading]
Fed Minutes Preview: Markets await clues for rate outlook as expectations for cuts shift to third quarter
The Fed will release the minutes of the March policy meeting on Wednesday. Jerome Powell and co’s discussions surrounding the policy pivot will be scrutinized. Markets see a nearly 50% probability of another Fed policy hold in June. The Federal … [Continue reading]