Share: Gold Price grinds higher after bouncing off the lowest level in three months. Pullback in United States Treasury bond yields, mixed US data weigh on US Dollar and propel XAU/USD. ECB rate hike versus hawkish Fed halt, China news also down US … [Continue reading]
AUD/USD jumps to its highest level since February amid USD weakness
Share: AUD/USD sets a sixth consecutive day of gains, jumping to the 0.6870 area. Strong US Retails Sales and Jobless Claims data support a dovish Fed. Falling US yields and a positive market sentiment favour the AUD. On Thursday, the AUD/USD pair … [Continue reading]
US: Industrial Production drops 0.2% in May missing expectations of 0.1% increase
Share: Industrial Production in the US contracted unexpectedly in May after a 0.5% increase in April. US Dollar Index stays in negative territory below 103.00. Industrial Production in the US edged down 0.2% in May following April's increase of … [Continue reading]
EUR/USD Forecast: Euro bulls to regain control on a hawkish ECB rhetoric
Share: EUR/USD declines modestly but manages to hold above 1.0800. ECB is widely expected to raise key rates by 25 bps. US Dollar holds its ground following Fed policy announcements. EUR/USD climbed to a fresh monthly-high above 1.0860 late … [Continue reading]
Indonesia Imports above forecasts (-11%) in May: Actual (14.35%)
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]
Japan Imports (YoY) above forecasts (-10.3%) in May: Actual (-9.9%)
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]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Lawsuits and hearings take precedence over CPI and FOMC
Share: Bitcoin price is still moving within a falling wedge, with a corrective pace suggesting an incoming rally north. Ethereum price could rise 10% to $1,941 if bulls sustain above the uptrend line. Ripple price could drop 10% to $0.447 as XRP … [Continue reading]
Crypto traders wonder what’s next for the crypto tokens labeled as securities by the SEC
Share: The US Securities & Exchange Commission has failed to provide adequate clarity on how several crypto tokens are labeled as securities. Crypto traders ask what the next steps are and whether these assets can be registered as … [Continue reading]
EUR/GBP target lowered to 0.8450 and GBP/USD target raised to 1.2800 – Credit Suisse
Share: One of Credit Suisse’s most consistent views over the course of 2023 has been GBP bullishness. Economists at the bank take a fresh look at the Pound. GBP could well become and then remain among the highest yielders in G10 space Getting to a … [Continue reading]
UK GDP expands 0.2% MoM in April vs. 0.2% expected
Share: UK GDP arrived at 0.2% MoM in April vs. 0.2% expected. GBP/USD defends 1.2600 on as expected UK GDP data. The UK Gross Domestic Product (GDP) monthly release for April, reported this Wednesday, showed that the British economy grew 0.2% in … [Continue reading]