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]
USD/CHF marks weekly highs around 0.8990, US Q3 GDP eyed
Share: USD/CHF extends gains on the back of surging US Bond yields Investors await the releases of US GDP and Core PCE figures, seeking the current state of the US economy. US Dollar gains ground on stronger US housing data and improved risk … [Continue reading]
GBP/USD slides to over three-week low, further below 1.2100 mark on stronger USD
Share: GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further … [Continue reading]
EUR/CHF drifting into 0.9480 ahead of ECB rate call
Share: The EUR/CHF is grinding higher heading into Thursday, in play around 0.9475. Swiss business sentiment worsened, helping to keep the Euro in play above 0.9450. Up Next: ECB rate call, Monetary Policy Statement. The EUR/CHF is floating into … [Continue reading]
USD/JPY climbs to 15-day high above 150.00 on high US yields, geopolitical tensions
Share: USD/JPY reached a new 15-day high at around 150.05, but fears of Japanese intervention led to a quick rejection. Wall Street continues to print losses, while the US 10-year benchmark note rate is 4.95%, supporting USD/JPY. Upcoming data … [Continue reading]
USD/CAD: Loonie vulnerable to the external environment – Danske Bank
Share: The Canadian Dollar has come under renewed pressure over the last month. Economists at Danske Bank analyze Loonie’s outlook. BoC to keep policy rates unchanged until Q1 2024 The rise in short-end oil contracts has been driven by tight … [Continue reading]
Indonesia: BI surprised markets by hiking rates – UOB
Share: Economist Enrico Tanuwidjaja and Junior Economist Agus Santoso at UOB Group assess the latest interest rate decision by the Bank Indonesia (BI). Key Takeaways Bank Indonesia (BI) raised its benchmark rate (7-Day Reverse Repo) to 6.00% … [Continue reading]
WTI flat-lines around mid-$83.00s, consolidates recent losses to over one week low
Share: Crude Oil prices consolidate the recent heavy losses to over a one-week low touched on Tuesday. Easing concerns about supply disruptions and recession fears act as a headwind for the commodity. Strong fuel demand in the US and tightening … [Continue reading]
YGG price soars even as investors expect almost 13 million Yield Guild Games allocation on Friday
Share: YGG price is up 15% in the last 24 hours, sustaining the gains amid the continuing countdown to the unlocks event. On October 27, 12.58 million Yield Guild Games tokens will be unleashed, worth around $3.50 million in a cliff unlock. Such … [Continue reading]
AUD/USD Forecast: Slightly bullish while above 0.6340
Share: Australian PMI drops below 50 in October; September and Q3 inflation data due on Wednesday. The US Dollar strengthens further following positive US PMI data. The AUD/USD trims gains due to Dollar strength, still with scope for more upside … [Continue reading]