Share: EUR/USD was able to stabilize on Monday. Economists at Commerzbank analyze the pair’s outlook. There is potential for disappointments, particularly on the EUR side Ahead of the Fed and ECB meetings next week, stabilization might continue for … [Continue reading]
US Retail Sales expected to surge in June, deliver potential US Dollar relief
Share: US Census Bureau will publish the June Retail Sales report on Tuesday, July 18. United States Retail Sales are expected to rise by 0.5% after unexpectedly increasing in May. The continued uptick in auto sales to boost US Retail Sales, … [Continue reading]
AUD/USD retreats towards 0.6800 as RBA Minutes fail to impress Aussie bulls ahead of US Retail Sales
Share: AUD/USD reverses from intraday high after unimpressive RBA Minutes. RBA Minutes for July suggest policymakers’ readiness for August rate hike, if needed. Cautious optimism, US-China news joins pre-data positioning to underpin AUD/USD … [Continue reading]
NZD/USD Price Analysis: Bulls seek a break of key trendline resistance
Share: NZD/USD bears are in the market, short-squeeze-eyed. Bulls eye a break of the trendline resistance following test below Friday's lows. The New Zealand Dollar is lower by some 0.75% towards the close in New York trade and is down for the … [Continue reading]
Gold Price Forecast: XAU/USD neutral-to-bearish around $1,950
Share: XAU/USD Current price: $1,954.42 Market participants increase bets of a soon-to-come Federal Reserve’s pause. The US Dollar recovered modestly but remains the weakest G-10 currency. XAU/USD hovers around its daily opening, with the downside … [Continue reading]
Canadian Dollar reverses lower after Crude Oil’s slippery slide
Share: Canadian Dollar reverses sharply lower against the US Dollar after a decline in Oil prices and strong sentiment data boosted the Buck. Oil falls from weaker-than-expected Chinese growth data for Q2 and the reopening of Libya’s … [Continue reading]
EUR/USD appears a bit overstretched in the short term and could face a correction this week – ING
Share: EUR/USD is trading at the highest levels since early 2022. Economists at ING analyze the pair’s outlook. Rally looks a bit stretched CFTC data showed that pre-CPI positioning on EUR/USD was already quite stretched on the long side (+19% of … [Continue reading]
GBP/USD Price Analysis: Bulls have the upper hand, ascending channel breakout in play
Share: GBP/USD struggles to gain any meaningful traction on Monday and consolidates in a range. Last week's breakout through a one-month-old ascending trend channel favours bullish traders. Any meaningful corrective decline might be seen as a … [Continue reading]
New Zealand Business NZ PSI dipped from previous 53.3 to 50.1 in June
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]
Top 3 Decentralized Finance (DeFi) cryptocurrencies ready for breakout rally: LDO, UNI, AAVE
Share: Ripple’s decision has finally set off a massive surge in capital influx and could potentially trigger an alt season. In June 2020, the introduction of yield farming by the Compound platform kickstarted a DeFi Summer for altcoins. Now … [Continue reading]