Share: Economist at UOB Group Lee Sue Ann suggests the Bank Negara Malaysia (BNM) could pause its tightening cycle at this week’s event. Key Quotes “Given a moderation in global commodity prices and softer domestic growth momentum amid lingering … [Continue reading]
Netherlands, The Consumer Spending Volume down to 6.2% in January from previous 9.9%
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]
GBP/USD steadies above 1.1800 at 3.5-month low amid Brexit, Fed chatters
Share: GBP/USD seesaws around multi-day low after falling the most in 11 weeks. Fed Chairman Jerome Powell’s hawkish Testimony, Brexit woes join BoE rate hike concerns to entertain Cable bears. The deepest US Treasury bond yield curve inversion in … [Continue reading]
AUD/USD Forecast: Aussie remains under pressure, not much support until 0.6535
Share: AUD/USD Current Price: 0.6584 AUD/USD receives two punches, one from the RBA and the other from Fed’s Powell. RBA raises rates again, says inflation has likely peaked; Governor Lowe to speak on Wednesday. US Dollar jumps as … [Continue reading]
Fed Chair Jerome Powell says interest rates may go higher, Bitcoin slips below $22,000
Share: Federal Reserve Chair Jerome Powell stated that the interest rates would be higher than anticipated. Powell also stated that, at the moment, there is little evidence of disinflation in core services. Crypto market immediate reaction to … [Continue reading]
FOMC Chairman Powell likey to say strong economy could lead to more rate hikes – WSJ
Share: FOMC Chairman Powell is likely to note in his testimony before the Senate Banking Committee that strong economic activity this year could lead the Fed to raise rates more than expected, the Wall Street Journal's Nick Timiraos reported on … [Continue reading]
GBP/USD faces further consolidation near term – UOB
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest GBP/USD cold extend the side-line theme between 1.1925 and 1.2120 in the next weeks. Key Quotes 24-hour view: “We expected GBP to edge higher to 1.2070 … [Continue reading]
USD/CNH Price Analysis: Prints mild losses below 6.9800 resistance confluence
Share: USD/CNH eases from a one-week high to pare the previous day’s gain. 100-DMA, support-turned-resistance from early February appears a tough nut to crack for bulls. Looming bear cross on MACD, steady RSI (14) hints at further grinding towards … [Continue reading]
USD/MXN conquers the 18.000 figure ahead of Fed’s Powell speech before US Congress
Share: USD/MXN reclaims 18.0000 post US factory data, ahead of Fed’s Powell speech. The US Dollar remained offered, though it was no excuse for the USD/MXN to register gains. USD/MXN Price Analysis: Downward biased, but it would need a daily close … [Continue reading]
Shiba Inu price could crash to December 2022 lows if it loses this level
Share: Shiba Inu price declined by nearly 12% in the last seven days to trade at the $0.00001100 area. SHIB is looking at another 12.5% crash if the selling continues. If the altcoin ends up being oversold, it could recover slightly before hitting … [Continue reading]