NZD/USD drifts lower for the second straight day amid some follow-through USD buying. Aggressive Fed rate hike bets and elevated US bond yields act as a tailwind for the buck. Recession fears further weigh on the risk-sensitive kiwi ahead of the key … [Continue reading]
US NFP Preview: Headline payrolls to rise by 280K in September – Societe Generale
Analysts at Societe Generale offer their expectations on the upcoming US Nonfarm Payrolls data, which is expected to have a significant market impact. Key quotes “We project a 280K gain.” “The unemployment rate for September is expected to decline to … [Continue reading]
Fed’s Waller: Sees further aggressive rate hikes in inflation battle
Governor Christopher Waller said on Thursday in a hawkish speech that he sees little reason to ease the pace of Fed policy tightening. The US Federal Reserve needs to keep raising interest rates into early next year to bring down stubbornly high … [Continue reading]
Fed’s Cook: Critical to stop inflationary psychology from taking hold
Federal Reserve governor Lisa Cook said in her first public remarks on monetary policy since joining the central bank's Washington-based board "inflation remains stubbornly and unacceptably high, and data over the past few months show that … [Continue reading]
Russia Central Bank Reserves $ down to $540.7B from previous $549.7B
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]
EUR/USD: Parity becomes a tough nut to crack – ING
EUR/USD showed some resistance at the 1.0000 level on Wednesday before falling back down. Economists at ING expect the pair to remain below parity. Parity is an increasingly relevant level “Considering the reluctance to turn more bullish on the euro … [Continue reading]
WTI defends $87 amid OPEC+ output cuts, impending bear cross
WTI consolidates the three-day rally above the $87 mark on Thursday. Investors digest the 2M barrels/day OPEC+ output cuts and EU price cap on Russian oil. Drawdown in EIA crude stockpiles also supports the black gold amid a weaker US dollar. WTI … [Continue reading]
GBP/JPY Price Analysis: Subdued below the 78.6% Fibonacci, as sellers gain momentum
The GBP/JPY daily chart delineates the pair as neutral-biased from a technical perspective. However, the pair meanders around the 78.6% Fibonacci retracement, which, once broken, will resume the GBP/JPY downtrend. Contrarily, a break above 164.00 … [Continue reading]
EUR/GBP Price Analysis: Faces solid resistance around 0.8770s, falls to 0.8720
EUR/GBP drops below the 20-day as buyers’ momentum abate. The Relative Strength Index (RSI) pierced the 50-midline but is almost flat. The EUR/GBP 4-hour chart portrays a rising-wedge formed, targeting a fall towards 0.8600. The EUR/GBP bounces off … [Continue reading]
Gold extends slide toward $1,700 after US data
Gold is down more than 1% on a daily basis on Wednesday. 10-year US Treasury bond yield surges higher in the American session. Hawkish Fed bets provide a boost to the greenback after latest data releases. Gold came under renewed bearish pressure and … [Continue reading]