Further downside could force USD/JPY to retest the 126.35 level in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘downward momentum appears to … [Continue reading]
Japan Tertiary Industry Index (MoM): -0.2% (November) vs previous 0.2%
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/CAD Price Analysis: Bulls eye a break of 1.3450 for a look in at the 1.35 area
USD/CAD is based above a prior target low in the 1.3320s. USD/CAD is embarking on a correction but 1.3450 needs to give. As per the prior analysis, the bears were in control and ran into the target in the 1.3320s but threw in the towel there. … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Don’t miss the ship from fear of wet feet
Bitcoin price maintains its bullish stance above $20,000. Ethereum price aims for $1,700 as a short-term target. u\XRP price forms a strong bullish reversal pattern on the weekly time frame. The crypto market remains elevated after an incredible … [Continue reading]
EUR/USD: Further consolidation likely below 1.0760 – UOB
Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia suggest a breakdown of 1.0760 could motivate EUR/USD to attempt some consolidation. Key Quotes 24-hour view: “We highlighted last Friday that ‘despite the relatively large gains, … [Continue reading]
France Budget Balance fell from previous €-143.22B to €-159.3B in November
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: Overbought conditions could threaten XAU/USD bulls amid light trading
Gold price holds at nine-month highs near $1,930 amid a strong start to the week. US Dollar falls further on hopes of slower Federal Reserve rates hikes, USD/JPY drop. United States holiday could prompt high volatility amid thin liquidity. Gold … [Continue reading]
EUR/USD juggles below 1.0850 as focus shifts to US PPI and Retail Sales data
EUR/USD is oscillating below 1.0850 amid a holiday in the United States market. The US Dollar Index (DXY) is looking to drop below the immediate support of 101.75 amid an upbeat market mood. The release of the US PPI and Retail Sales will provide … [Continue reading]
NZD/USD bulls in play with eyes on 0.6480
NZD/USD near-term risks are balanced fundamentally. NZD/USD W-formation is bullish towards 0.6480 as a probable scenario for the days ahead to meet prior highs and a -61.8% ratio. NZD/USD ended last week a touch soft and remains on … [Continue reading]
Ethereum short traders could profit on one condition ahead of ETH Shanghai upgrade
Ethereum price yielded nearly 20% gains over the past week, resulting in massive liquidation of ETH shorts. Ahead of the Shanghai upgrade, dropping Ethereum trade volume could push ETH price lower. Experts believe Ethereum bulls are close … [Continue reading]