Share: XRP price has seen sideways action for the past three days, but indicators suggest the bullishness is waning. Ripple whales have been selling for the past month, dumping nearly $55.2 million worth of XRP. US SEC is seeking $770 million to … [Continue reading]
EUR/JPY dips on risk-aversion, and Tokyo CPI sparking speculations of BoJ normalization
Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB's decision to hold rates and scaled back positions for further … [Continue reading]
GBP/USD dips amidst escalating Middle East conflict, volatile market conditions
Share: GBP/USD sheds 0.12%, reversing from 1.2163 to 1.2112, as the Middle East conflict escalates. Gold prices surge past $2,000, reflecting heightened market volatility and risk-off sentiment. Upcoming UK and US economic releases, including PMIs … [Continue reading]
EUR/USD Weekly Forecast: Can the Federal Reserve dissipate the uncertainty?
Share: The European Central Bank put a halt to rate hikes, expressed concerns about growth. The US calendar will bring the Federal Reserve’s monetary policy decision and the Nonfarm Payrolls report. EUR/USD still unable to confirm an interim … [Continue reading]
EUR/GBP: Forecast profile lifted slightly higher to 0.89 over the coming 12 months – Danske Bank
Share: EUR/GBP has reached the highest level since May. Economists at Danske Bank analyze the pair’s outlook. GBP headwinds to persist We expect the UK economy to perform relatively worse than the Euro area and the conclusion of the Bank of England … [Continue reading]
Gold Futures: Correction in the offing?
Share: Open interest in gold futures markets dropped for the first time since October 16 on Thursday, this time by around 1.4K contracts according to preliminary readings from CME Group. Volume followed suit and shrank by around 24.7K contracts, … [Continue reading]
Australian Dollar gains ground on the correction of US Dollar
Share: Australian Dollar rebounds from the yearly lows as the US Dollar corrects. Aussie Dollar receives upward support as the RBA expects to increase interest rates. US Dollar faced pressure as downbeat Core PCE contributed to increasing demand … [Continue reading]
Chile BCCH Interest Rate registered at 9% above expectations (8.75%)
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]
Canadian Dollar declines for third day in a row, solid US GDP and Durable Goods beats to blame
Share: The Canadian Dollar is sinking into the lowest bids of the year as the Greenback rises. No economic calendar data for Canada until next Tuesday’s GDP print. The US Dollar is bounding higher after a thumper US GDP, Durable Goods order data … [Continue reading]
EUR/USD remains vulnerable to pressure on supports at 1.0520 and 1.0490 – Scotiabank
Share: EUR/USD losses have steadied in the low/mid 1.05s. Economists at Scotiabank analyze the pair’s outlook. Scope for gains looks limited The EUR appears heavily oversold on the intraday oscillators, which may account for the minor improvement … [Continue reading]