Share: Economists at ING think there are more downside risks to NZD compared to AUD over the course of 2023. NZD less attractive than AUD “An ultra-hawkish Reserve Bank of New Zealand is good from a carry perspective, but has already generated … [Continue reading]
Gold Futures: Extra losses appear not favoured
Share: CME Group’s flash data for gold futures markets noted traders reduced their open interest positions for yet another session on Thursday, this time by nearly 3K contracts. On the other hand, volume kept the choppiness intact and increased by … [Continue reading]
USD/CNH fails to test 6.8000 on lower-than-projected China inflation report
Share: USD/CNH has sensed selling pressure and dropped from around 6.8000 as China’s monthly CPI shows deflation. Deflation in China’s monthly CPI and PPI might compel authorities to keep the policy expansionary. The USD Index is aiming to reclaim … [Continue reading]
New Zealand Electronic Card Retail Sales (YoY) came in at 2.7% below forecasts (9.1%) in January
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]
Gold Price Forecast: Increasing signs of an upcoming bearish run
Share: XAU/USD Current price: $1,872.23 An uptick in US Treasury yields and weaker indexes back the greenback in the American session. Federal Reserve President Thomas Barkin's encouraging words weighed on sentiment. XAU/USD changed course after … [Continue reading]
EUR/USD Forecast: Bulls cautiously adding longs
Share: EUR/USD Current Price: 1.0765 German inflation rose less than anticipated in January, up by 9.2% YoY. Easing Treasury yields and the positive tone of equities undermined demand for the USD. EUR/USD grinds higher and approaches its weekly … [Continue reading]
Sweden Riksbank Interest Rate Decision in line with expectations (3%)
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]
Here’s what Cardano’s biggest sell signal in seven months means for ADA holders
Share: Cardano price tugs the $0.402 resistance level after its 72% rally. Investors should expect a steep correction to $0.321 due to the ongoing bearish divergence. A daily candlestick close that flips the $0.402 hurdle into the support floor … [Continue reading]
EUR/JPY Price Analysis: Downside looks favored on Inverted Flag formation
Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside filters. High volatility is expected from the cross as investors await German inflation … [Continue reading]
USD/JPY Price Analysis: Bears eye a bearish close for the bear below 131.00
Share: USD/JPY bears are testing structure support that guards yesterday's closing price. Bears will remain in control while below the micro-trendline resistance. USD/JPY is starting to break down the bullish structure and the bears are … [Continue reading]