GBP/USD broke out of a coil and there are eyes on a move towards 1.1900 and 1.1778 thereafter. US Dollar is in demand due to prospects of a higher for longer from the Fed in 2023. GBP/USD is pressured by a resurgence in the US dollar that … [Continue reading]
Türkiye: CBRT leaves one-week repo rate unchanged at 9%
The Central Bank of the Republic of Türkiye (CBRT) announced on Thursday that it left the policy, one-week repo, rate unchanged at 9% following the December policy meeting, as expected. Key takeaways from policy statement as summarized by … [Continue reading]
Sweden Retail Sales (YoY) came in at -6.3%, above expectations (-7.7%) 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]
GBP/USD grinds higher past 1.2100 ahead of UK/US GDP
GBP/USD recovers from three-week low amid broad US Dollar pullback. Upbeat UK CBI Retail Sales favor bulls but British medical worker’s strike probe Cable bulls. Softer Treasury yields, mixed US data probe USD ahead of US Q3 GDP. UK’s Q3 GDP is … [Continue reading]
NZD/USD Price Analysis: Bears in charge and eye 0.6250
DXY downside is playing into the hands of the bearish NZD/USD thesis. NZD/USD bears stay in control below the counter trendline. As explained in the prior analysis, NZD/USD Price Analysis: Bears eye a break of 0.6300, the bears now … [Continue reading]
Gold Price Forecast: Holding at higher ground above $1,800
XAU/USD Current price: $1,815. Stock markets are up on Wednesday, diverging attention away from the bright metal. US CB Consumer Confidence improved by more than anticipated in December. XAU/USD consolidates gains in a tight intraday range, … [Continue reading]
USD/CAD: Movementto be quite limited amid mixed technicals – Scotiabank
The Canadian Dollar can’t hold sub-1.36 gains against the USD. Economists at Scotiabank look for more range-trading in the short-term at least. Shorter-term price signals are mixed for USD/CAD “A weak (technically bearish) close for the USD yesterday … [Continue reading]
US data could trigger a sudden move in the greenback – Commerzbank
There is quite a bit of data yet for publication over the course of the week. As liquidity is likely to be thin, the fluctuation in USD could be quite pronounced, Antje Praefcke, FX Analyst at Commerzbank, reports. Do not ignore the screens … [Continue reading]
AUD/USD Price Analysis: Retreats from 200-SMA as bears brace for 0.6580
AUD/USD takes a U-turn from intraday high as the key SMA probes recovery. Failure to cross key hurdles, downbeat oscillators favor sellers. Bears eye late November swing low, 50% Fibonacci retracement level. One-month-old previous support line adds … [Continue reading]
Gold Price Forecast: XAU/USD grinds higher, United States Consumer Confidence, Treasury bond yields eyed
Gold price seesaws around weekly top after rising the most in three weeks. United States Treasury bond yields underpinned US Dollar’s biggest daily fall in a week and propelled XAU/USD. Gold buyers also cheered receding fears of recession, hopes for … [Continue reading]