USD/JPY ascends to 158.34, supported by hawkish hints in Fed's December minutes and positive US employment figures. Technical indicators suggest potential resistance at 159.00, with a pivotal target of 160.00 in sight, under watch for possible … [Continue reading]
Fed Minutes Preview: Market await clues on slower rate cuts outlook in 2025
The Minutes of the Fed’s December 17-18 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to trim interest rates by 25 basis points will be scrutinized by investors. The publication could influence the … [Continue reading]
ADP Employment Change report to show slowing US job growth, limited Fed impact likely
The ADP Employment Change will likely have a limited impact on financial markets. The US private sector is expected to have added 140,000 new positions in December. The US Dollar Index corrected extreme overbought conditions, retains its … [Continue reading]
Austria Trade Balance declined to €-96.3M in October from previous €608.9M
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]
Silver Price Forecast: XAG/USD steadies near $30.00 amid uncertainty over Trump’s tariff
Silver price receives support due to uncertainty over the tariff policy ahead of the Trump administration. The industrial demand for Silver strengthens due to a positive economic outlook in China, the world's largest consumer of metals. The upside of … [Continue reading]
EUR/USD flubs key technical levels and backslides once again
EUR/USD failed to extend a near term technical recovery, sheds 0.4% on Tuesday. German Retail Sales, EU PPI inflation, US ADP jobs preview on the docket for Wednesday. Another NFP Friday looms ahead, crimping market momentum as Fed rate cut fears … [Continue reading]
Canadian Dollar bullish recovery runs out of gas on Tuesday
The Canadian Dollar froze on Tuesday, crimping the week’s early recovery. Canada’s Ivey PMI slumped in December, missing expectations. Canadian labor figures due this week set to be eclipsed by looming US NFP print. The Canadian Dollar (CAD) crimped … [Continue reading]
United States Redbook Index (YoY) declined to 6.8% in January 3 from previous 7.1%
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]
Euro extends recovery above 1.04 as focus shifts to Eurozone inflation data
The Euro bounces higher against the US Dollar for a third straight day in a row on Tuesday. A surprise uptick in German inflation and a bounce in the European Services PMIs are supporting the Euro. Meanwhile, markets are on edge over the … [Continue reading]
EUR/CAD Price Forecast: Maintains position below nine-day EMA near 1.4900
EUR/CAD may gain ground as the daily chart analysis suggests a mild bullish bias. The 14-day RSI maintains its position near the 50 mark, indicating neutral momentum. The pair tests initial resistance near the nine-day EMA at the 1.4895 level, … [Continue reading]