Share: Markets consolidate Fed induced losses ahead of monetary policy announcements from BoE, SNB. S&P 500 Futures pare the biggest daily loss in two weeks, yields struggle after falling the most in a week. Fears emanating from banking … [Continue reading]
Brazil Interest Rate Decision in line with forecasts (13.75%)
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]
Gold Price Forecast: Fed’s decision could push XAU/USD back towards $2,000
Share: XAU/USD Current price: $1,949.10 The United State Federal Reserve is likely to hike its benchmark rate by 25 bps. Market participants await fresh clues on future monetary policy. XAU/USD managed to recover some ground ahead of Fed’s … [Continue reading]
USD/JPY will eventually retest the 127.53/23 YTD lows – Credit Suisse
Share: USD/JPY may see a near-term pause. Nevertheless, analysts at Credit Suisse continue to look for an eventual retest of the 127.53/23 year-to-date lows. Resistance at 135.12 ideally caps a near-term consolidation phase “Whilst we may see a … [Continue reading]
AUD/USD: Further upside loses traction – UOB
Share: In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the likelihood of extra gains in AUD/USD seems to have lost some traction for the time being. Key Quotes 24-hour view: “Our view that AUD would … [Continue reading]
Gold Price Forecast: XAU/USD struggles to remain above $1,940 as fears of US banking crisis trim
Share: Gold price is making efforts for maintaining its auction above $1,940.00. The recent rally in the Gold price was driven was weakness in the USD Index and fears of a banking sector meltdown. The USD Index is showing a subdued performance as … [Continue reading]
Japan’s Matsuno: Will allocate more than 2 trillion Yen to cushion blow to economy from rising prices
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]
GBP/USD Price Analysis: Bulls are in the market and eye a bullish extension
Share: GBP/USD bulls are in the market ahead of the central banks. Bulls are the front side of the bullish trend leaving the bias bullish near and longer term. GBP/USD is grappling with the 1.22 area on Tuesday, keeping close to an … [Continue reading]
A nod by Powell to downside growth risks could accelerate USD profit taking even if the Fed hikes – SocGen
Share: Nod by Fed Chair Powell to tighter financial conditions and downside growth risks could accelerate Dollar profit taking, economists at Société Générale report. Dovish Fed hike could trip up the Dollar “A smaller 25 bps rate increase by the … [Continue reading]
NZD/USD: NZ’s remoteness to instability still makes it one of the “cleaner dirty shirts” – ANZ
Share: The Kiwi is lower. But analysts at ANZ Bank are not reading too much into it given how volatile markets have been of late. Lots of balls in the air “Fears about the instability of the US banking system continue to linger, and may for some … [Continue reading]