Share: International Monetary Fund (IMF) Japan Mission Chief Ranil Salgado said on Friday, “we do see a prospect and the potential of more flexibility a the long end of the curve under the Bank of Japan’s (BOJ) YCC policy.” Additional … [Continue reading]
Gold Price Forecast: XAU/USD bulls run into key resistance
Share: Gold price bulls are in the market and eye the $2,000s. The Federal Reserve´s preferred inflation measure could be a catalyst on Friday. Gold price has been buoyed in part by a weaker US Dollar and expectations for a fall in interest rates. … [Continue reading]
This is why Cardano price might have a bumpy road following a 25% recovery
Share: Over the last two weeks, Cardano price has shot up significantly but is still far away from even establishing new 2023 highs. The improving market conditions for ADA could trigger a sell-off among the holders. The recent rallies from January … [Continue reading]
GBP/USD can head towards the key 1.2426 December high and 1.2500 resistances – ING
Share: GBP/USD climbs above 1.23. Economists at ING expect the pair to enjoy further gains toward the key 1.2426 (December high) and 1.2500 resistances. Bailey helping the Pound “Bank of England Governor Andrew Bailey sounded relatively hawkish in … [Continue reading]
Gold Price Forecast: XAU/USD holds steady around $1,960 mark amid softer US Treasury Yields
Share: XAU/USD prices retreat as banking sector concerns ease. First Citizens Bancshares acquires failed Silicon Valley Bank’s assets. US Treasury bond yields rally amid renewed investor confidence. XAU/USD rebounded after reaching a low of $1,944 … [Continue reading]
North Korea’s Kim Jong Un: Should be fully ready to use nuclear weapons at any time
Share: North Korean leader Kim Jong Un called for scaling up weapons-grade nuclear materials to increase the country's nuclear arsenal, saying it should be fully ready to use the weapons at any time, state media KCNA said on Tuesday. His remarks … [Continue reading]
EUR/USD rebounds after two consecutive days of losses, boosted by risk-on impulse, weaker USD
Share: Despite high US T-bond yields, EUR/USD rebounds after two consecutive days of losses. A risk-on impulse underpinned the Euro to the detriment of the US Dollar. EUR/USD Price Analysis: Triple bottom pattern remains in play as long as EUR/USD … [Continue reading]
ECB’s Centeno: Wage increases still compatible with monetary policy
Share: European Central Bank (ECB) policymaker Mario Centeno said on Monday that the wage increase in the Eurozone is still compatible with the monetary policy and added that they are not observing and second round effect on wage-setting, as … [Continue reading]
NZD/USD remains depressed below 0.6200 mark, positive risk tone could limit losses
Share: NZD/USD oscillates in a narrow trading band and is influenced by a combination of factors. A positive risk tone lends some support to the risk-sensitive Kiwi amid subdued USD demand. The fundamental backdrop warrants caution before placing … [Continue reading]
Natural Gas Price Analysis: XNG/USD bears flex muscles near $2.30
Share: Natural Gas price holds lower ground within four-day-old symmetrical triangle. Sustained trading below the key EMAs, downbeat oscillators keep XNG/USD sellers hopeful. Clear break of $2.30 becomes necessary to aim for multi-month low marked … [Continue reading]