Share: GBP/USD sheds 0.12%, reversing from 1.2163 to 1.2112, as the Middle East conflict escalates. Gold prices surge past $2,000, reflecting heightened market volatility and risk-off sentiment. Upcoming UK and US economic releases, including PMIs … [Continue reading]
EUR/USD Weekly Forecast: Can the Federal Reserve dissipate the uncertainty?
Share: The European Central Bank put a halt to rate hikes, expressed concerns about growth. The US calendar will bring the Federal Reserve’s monetary policy decision and the Nonfarm Payrolls report. EUR/USD still unable to confirm an interim … [Continue reading]
EUR/GBP: Forecast profile lifted slightly higher to 0.89 over the coming 12 months – Danske Bank
Share: EUR/GBP has reached the highest level since May. Economists at Danske Bank analyze the pair’s outlook. GBP headwinds to persist We expect the UK economy to perform relatively worse than the Euro area and the conclusion of the Bank of England … [Continue reading]
Gold Futures: Correction in the offing?
Share: Open interest in gold futures markets dropped for the first time since October 16 on Thursday, this time by around 1.4K contracts according to preliminary readings from CME Group. Volume followed suit and shrank by around 24.7K contracts, … [Continue reading]
Australian Dollar gains ground on the correction of US Dollar
Share: Australian Dollar rebounds from the yearly lows as the US Dollar corrects. Aussie Dollar receives upward support as the RBA expects to increase interest rates. US Dollar faced pressure as downbeat Core PCE contributed to increasing demand … [Continue reading]
Chile BCCH Interest Rate registered at 9% above expectations (8.75%)
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]
Canadian Dollar declines for third day in a row, solid US GDP and Durable Goods beats to blame
Share: The Canadian Dollar is sinking into the lowest bids of the year as the Greenback rises. No economic calendar data for Canada until next Tuesday’s GDP print. The US Dollar is bounding higher after a thumper US GDP, Durable Goods order data … [Continue reading]
EUR/USD remains vulnerable to pressure on supports at 1.0520 and 1.0490 – Scotiabank
Share: EUR/USD losses have steadied in the low/mid 1.05s. Economists at Scotiabank analyze the pair’s outlook. Scope for gains looks limited The EUR appears heavily oversold on the intraday oscillators, which may account for the minor improvement … [Continue reading]
USD/CHF marks weekly highs around 0.8990, US Q3 GDP eyed
Share: USD/CHF extends gains on the back of surging US Bond yields Investors await the releases of US GDP and Core PCE figures, seeking the current state of the US economy. US Dollar gains ground on stronger US housing data and improved risk … [Continue reading]
GBP/USD slides to over three-week low, further below 1.2100 mark on stronger USD
Share: GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further … [Continue reading]