Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum. … [Continue reading]
USD/CHF remains on the defensive below 0.9050, US PMI data in focus
USD/CHF remains under selling pressure around 0.9045 in Friday’s early European session, down 0.23% on the day. Trump's rate cut calls undermine the USD against the CHF. Easing Middle East geopolitical tensions might cap the upside for … [Continue reading]
PBOC conducts medium-term loan operations, rate unchanged
The People's Bank of China (PBOC) conducted a medium-term loan operation on Friday and left the interest rate unchanged, per Reuters. The Chinese central bank injected 200 billion Yuan ($27.46 billion) worth of one-year medium-term … [Continue reading]
Ethereum Price Forecast: ETH recovery imminent with Etherealize launch as Pectra upgrade slated for March 11
Ethereum price today: $3,200 Ethereum will likely see increased institutional adoption with the launch of marketing and promotional arm Etherealize. Ethereum core developers aim to launch the Pectra mainnet upgrade on March 11. Ethereum continues … [Continue reading]
EUR/USD Price Forecast: Further consolidation appears in the pipeline
EUR/USD keeps the bid bias unchanged above the 1.0400 barrier. The US Dollar succumbed to the selling pressure amid mixed yields. President Trump delivered a virtual speech to the WEF in Davos. The Euro (EUR) advanced modestly vs. the US … [Continue reading]
Pound Sterling trades sideways against USD as investors gauge Trump’s tariff plans
The Pound Sterling remains on tenterhooks against its major peers as investors are concerned over the UK economic outlook. Traderds price in a 25 bps interest rate reduction by the BoE in February. Investors seek more clarity on President Trump’s … [Continue reading]
GBP/USD Forecast: Pound Sterling loses strength after failing to clear technical hurdle
GBP/USD retreats to the 1.2300 area after posting small losses on Wednesday. The technical picture points to a diminishing buyer interest in the near term. The US economic calendar will feature weekly Initial Jobless Claims data. GBP/USD climbed to … [Continue reading]
Sui Price Forecast: SUI bears aiming for a 30% crash
Sui’s price closes below its ascending trendline, indicating a correction ahead. The technical outlook suggests a pullback as momentum indicators show signs of weakness. Coinglass data shows that SUI’s long-to-short ratio reached the lowest level in … [Continue reading]
GBP/USD eases back as markets tiptoe through the midweek
GBP/USD gave back a fifth of a percent on Wednesday. It’s a slim schedule on the data docket for Thursday. Investors are awaiting Friday’s PMI double-header from both the UK and the US. GBP/USD softened on Wednesday, easing back around one-fifth of … [Continue reading]
Forex Today: US data and Trump dictate the sentiment in the FX galaxy
The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0. Here is what you need to know on Thursday, January 23: The US Dollar Index (DXY) clawed … [Continue reading]