Share: The US Dollar Index reaches fresh monthly highs, nearing 107.00. USD rally remains supported by robust US data and Treasury yields. Important inflation data from the Eurozone is scheduled for Thursday. The EUR/USD has dropped for the … [Continue reading]
USD/JPY eyes 150.00 amid hawkish Fed and dovish BoJ, but intervention threats loom
Share: USD/JPY advances steadily towards 150.00, but intervention threats from Japan loom. Fed’s Kashkari remains hawkish, saying the risks of raising rates are tilted to the upside. The Bank of Japan’s July meeting minutes were mixed, though the … [Continue reading]
USD/JPY: High chance of intervention but only after a break above the 150 level – MUFG
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a … [Continue reading]
USD/JPY: Further upside could see 149.50 retested – UOB
Share: The continuation of the upside momentum could push USD/JPY to the 149.50 zone in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view: We highlighted … [Continue reading]
AUD/NZD sticks to intraday gains above mid-1.0700s post-Australian CPI report
Share: AUD/NZD gains some positive traction and stages a modest recovery from a multi-week low. Spot prices move little following the release of the latest Australian consumer inflation figures. The recent breakdown and acceptance below the crucial … [Continue reading]
Breaking: Ark Invest 21Shares Bitcoin Spot ETF filing delayed
Share: Reports indicate that the US Securities and Exchange Commission (SEC) has come out early to delay another series of Bitcoin Spot ETF filings, this time by Cathie Wood's Ark Invest and 21Shares. While the filing was due on September 29, … [Continue reading]
Gold Price Forecast: XAU/USD challenges $1,900 after piercing September’s low
Share: XAU/USD Current price: $1,901.80 Wall Street entered a sell-off spiral following generally disappointing United States data. The yield on the 10-year Treasury note flirted with the 2007 high amid renewed concerns. XAU/USD extends its slump … [Continue reading]
GBP/USD: Gains through 1.2200 may trigger a squeeze to the 1.23 area – Scotiabank
Share: Cable is soft but off earlier lows. Economists at Scotiabank analyze GBP/USD outlook. Perhaps oversold in the short run Cable price signals are reflecting a tentative and perhaps only short-term base for the GBP developing on intraday … [Continue reading]
EUR/USD might remain under depreciation pressure – Commerzbank
Share: Economists at Commerzbank analyze how the “higher for longer” interest rate theme is convincing markets to boost the Dollar. USD strength might turn out to be excessive At the moment the central bankers’ ‘higher for longer’ is mainly … [Continue reading]
Gold Price Forecast: XAU/USD hovers near $1,910 with a negative bias, focus on US macros
Share: Gold price looks to lose ground toward $1,900 amid US Dollar strengthens. Traders are still pricing in the likelihood of the Fed's policy rates to be higher for an extended period. Upbeat US Treasury yields are contributing support for … [Continue reading]