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]
USD/CAD trades into the low end after back-and-forth Monday action, looking for 1.3450
Share: USD/CAD testing into the 1.3450 level after cycling on Monday. The US Dollar is broadly higher, but the CAD is catching a late-day bump in crude oil prices. Economic calendar is mostly devoid of CAD data, leaving things open for US GDP … [Continue reading]
European equities slide to fresh lows, FTSE closes down 60 points into £7,624
Share: European equities broadly moved lower on Monday, testing into new lows for the month. FTSE, CAC40 lose 60 points apiece, DAX tumbles 151 points. Rising yields, economic concerns weighing European equities down. European stock … [Continue reading]
ECB’s Schnabel: There is not yet an all-clear for the inflation problem
Share: "The current, unusual contraction in monetary aggregates is unlikely to foreshadow a deep recession but rather reflects a significant rebalancing of portfolios after a long period of low interest rates," European Central Bank (ECB) … [Continue reading]