Share: “A measure of the cost to insure exposure to U.S. government debt declined on Tuesday as Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a debt default,” said Reuters early … [Continue reading]
GBP/USD bulls are holding the fort in key support
Share: GBP/USD bears are in the market testing daily support. Sterling bulls eye a move towards 1.2550s. GBP/USD is trading at around 1.2480 and has traveled between a low of 1.2465 and a high of 1.2546 so far on the day. The British … [Continue reading]
USD/JPY retakes 136.00 as hawkish remarks by Fed’s Mester help revive USD demand
Share: USD/JPY reverses an intraday dip amid the emergence of some USD dip-buying on Tuesday. Hawkish remarks by Fed’s Mester lift bets for additional rate hikes and boosts the Greenback. A softer risk tone could underpin the safe-haven JPY and cap … [Continue reading]
Spain 9-Month Letras Auction rose from previous 3.169% to 3.212%
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]
USD/INR Price News: Indian Rupee bounces off six-week low to 82.20 despite easing inflation pressure on RBI
Share: USD/INR prints the first daily loss in four, retreats from 1.5-month high. Softer India inflation figures, Fed’s dovish hike allow RBI to defend current inaction. WTI crude oil retreat, downbeat US data and mixed Fedspeak allows Indian Rupee … [Continue reading]
AUD/USD bulls flirt with 0.6700 ahead of RBA Minutes, China/US data amid US debt ceiling jitters
Share: AUD/USD grinds near intraday high after rising the most in a month, snapping two-day downtrend. Risk-on mood, PBoC inaction and hopes of hawkish RBA Minutes underpin Aussie pair’s run-up. Hopes of avoiding US default, softer US data favor … [Continue reading]
EUR/USD Price Analysis: Bulls eye a run to test trendline resistance near 1.0900-20
Share: A strong test of the trendline resistance in EUR/USD could be on the cards. US Dollar is pressured and gives EUR bulls an advantage from daily support. EUR/USD bull's eye a strong continuation on the correction to the 38.2% … [Continue reading]
Gold Price Forecast: Appetite for XAU/USD is whetting – ANZ
Share: Macroeconomic developments continue to present a bullish backdrop for the Gold market, strategists at ANZ Bank report. Gold to ride on safe-haven demand “US banking sector issues, elevated interest rates and uncertainty around the debt … [Continue reading]
EUR/USD: Break below 1.0800/1.00730 to hasten a retracement toward 1.05 – SocGen
Share: The Euro retreated to the bottom spot in the G10 table after the marked selling on Friday. Economists at Société Générale expect EUR/USD to plummet toward 1.05 on a break under 1.0800/1.0730. Profit-taking looks tactical “The … [Continue reading]
Japan Machine Tool Orders (YoY) rose from previous -15.2% to -14.4% in April
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]