Share: The US Securities & Exchange Commission has failed to provide adequate clarity on how several crypto tokens are labeled as securities. Crypto traders ask what the next steps are and whether these assets can be registered as … [Continue reading]
EUR/GBP target lowered to 0.8450 and GBP/USD target raised to 1.2800 – Credit Suisse
Share: One of Credit Suisse’s most consistent views over the course of 2023 has been GBP bullishness. Economists at the bank take a fresh look at the Pound. GBP could well become and then remain among the highest yielders in G10 space Getting to a … [Continue reading]
UK GDP expands 0.2% MoM in April vs. 0.2% expected
Share: UK GDP arrived at 0.2% MoM in April vs. 0.2% expected. GBP/USD defends 1.2600 on as expected UK GDP data. The UK Gross Domestic Product (GDP) monthly release for April, reported this Wednesday, showed that the British economy grew 0.2% in … [Continue reading]
GBP/USD grinds below 1.2625 hurdle ahead of UK data dump, FOMC
Share: GBP/USD seesaws around the highest levels in over a month amid cautious markets ahead of UK GDP, Fed. Market’s reassessment of BoE vs. Fed divergence also prods Cable buyers on the key data. Pound Sterling can remain firmer unless UK’s … [Continue reading]
EUR/USD Price Analysis: Bulls eye a break of key daily resistance
Share: EUR/USD bulls are in the market and eye a break of 1.0830. All now depends on the Fed ahead of the ECB late rin the week. EUR/USD popped and dropped on Tuesday after hitting a 3-week high. A weaker dollar Tuesday … [Continue reading]
NZD/USD consolidates above the 200-day SMA post-US CPI
Share: The NZD/USD jumped to 0.6177 and holds above the 200-day SMA. US CPI decelerated in May, and investors now fully price in a hike pause on Wednesday by the Fed. Eyes on Fed decision, FOMC macro forecasts and dot plots. In Tuesday’s session, … [Continue reading]
USD/CAD could take another run at the low 1.33 zone if US data reports comply – Scotiabank
Share: The CAD is marginally firmer against the USD on the day but remains confined to a now familiar trading range above 1.33. Economists at Scotiabank analyze USD/CAD outlook. Limited scope for counter-trend corrections The positive risk backdrop … [Continue reading]
Euro approaches 1.0800 inspired by a likely decline in Fed-ECB policy divergence, US CPI eyed
Share: Euro has attracted significant bids as a decline in the Fed-ECB policy divergence is widely anticipated. An interest rate hike by the ECB is expected despite fears of a recession in Europe. The energy component is expected to soften the US … [Continue reading]
USD/CAD draws support from bearish Oil prices, weaker USD to cap gains ahead of US CPI
Share: USD/CAD ticks higher for the second straight day, albeit lacks follow-through buying. Bearish Crude Oil prices undermine the Loonie and act as a tailwind for the major. The emergence of fresh USD selling bias caps gains ahead of the crucial … [Continue reading]
EUR/USD edges higher past 1.0750 as ECB garners more hawkish bets than Fed, German/US inflation eyed
Share: EUR/USD picks up bids to reverse the late Monday’s retreat from three-week high. Markets place comparatively more hawkish bets on ECB than Fed as recent US data arrives softer. Today’s German, US inflation data, ZEW Survey figures will be … [Continue reading]