Share: GBP/JPY surges to year's high, up by 0.18%, amid positive market sentiment. Expectations of a dovish Fed and resolution of the US debt-ceiling imbue strength to high beta currencies. Despite the overall upward bias, the technical outlook … [Continue reading]
EUR/JPY ends week lower despite two-day rally
Share: The EUR/JPY trades for a second consecutive day with gains. Cross ends week with gains, but below 150.00. Yield divergence favours the Euro. The EUR/JPY closes the week trading with gains above 149.80 as the Yen weakened across the board on … [Continue reading]
Chainlink price eyes 30% gains as cryptos stage a recovery rally
Share: Chainlink price is limited by massive volatility and a lack of momentum among the bulls. LINK could rise 30% to collect liquidity around the $8.17 price range if buying pressure is sustained. The bullish outlook will be invalidated upon a … [Continue reading]
United States Baker Hughes US Oil Rig Count dipped from previous 570 to 555
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]
USD Index wobbles around 103.50 despite solid NFP
Share: The index maintains the vacillating trade around 103.50. Further improvement in the risk space weighs on the buck. May Nonfarm Payrolls have hammered expectations at 339K. The USD Index (DXY), which measures the greenback vs. a basket of … [Continue reading]
Nonfarm Payrolls Preview: Banks anticipate US job growth to cool gradually
Share: The US Bureau of Labor Statistics (BLS) will release the May jobs report on Friday, June 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the … [Continue reading]
USD/JPY eyes below 138.50 amid chaos in USD Index inspired by neutral Fed comments
Share: USD/JPY is expected to display a sheer downside below 138.50 amid an absence of recovery signals by the USD Index. The FX domain is expected to remain volatile amid the release of the US NFP. Gains are consistently advancing in the … [Continue reading]
WTI retreats towards $70.00 amid pre-NFP consolidation, OPEC+ concerns
Share: WTI bulls take a breather at the weekly top after rising the most in a month. Softer US Dollar, risk-on mood and firmer China data allow Oil buyers to stay hopeful. Surprise building in EIA inventories, hopes of no OPEC+ supply cuts prods … [Continue reading]
Litecoin price stands less than 10% away from charting new 2023 highs
Share: Litecoin price is close to breaching the barrier at the $102 mark. Over the last 48 hours, transactions in losses have increased, indicating a potential buying signal. A chunk of the supply has moved from the whales to investors over the … [Continue reading]
Nonfarm Payrolls Preview: Banks expect labor market to lose momentum only slowly
Share: The US Bureau of Labor Statistics (BLS) will release the May jobs report on Friday, June 2 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the … [Continue reading]