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: Cable seesaws at six-month high ahead of Bank of England-inspired ‘Super Thursday’
GBP/USD grinds higher after refreshing the multi-day top. US Dollar remains pressured after unimpressive Federal Reserve decision. Statistics from United Kingdom have been mixed, mostly upbeat for GBP/USD. Bank of England is up for 50 bps rate hike … [Continue reading]
USD/JPY Price Analysis: Bulls and bears await the Fed, the lines are drawn
USD/JPY now all depends on the outcome of the Federal Reserve. USD/JPY bears need to get below 134.00 while the bulls need to get above 135.60 and then 138.00. As per the prior analysis, USD/JPY bears are moving in again ahead of the Fed, … [Continue reading]
USD/CAD sticks to intraday gains, remains below 1.3600 ahead of FOMC decision
USD/CAD gains some positive traction on Wednesday, though lacks follow-through. A further recovery in crude oil prices underpins the Loonie and acts as a headwind. Bearish USD further contributes to capping gains ahead of the key FOMC decision. The … [Continue reading]
VanEck investment giant believes Bitcoin price could hit $12,000 with a wave of miner bankruptcies
VanEck, an investment giant, believes Bitcoin miners will go bankrupt despite a slowdown in the Federal Reserve’s liquidity tightening measures. This goes against the overall outlook on Bitcoin which turned bullish after the US inflation report … [Continue reading]
EUR/USD retreats towards 1.0600 despite upbeat options market signals
EUR/USD renews intraday low near 1.0600 as it pares the biggest daily jump in a fortnight around a six-month high heading into Wednesday’s European session. In doing so, the Euro braces for the US Federal Open Market Committee (FOMC) monetary … [Continue reading]
New Zealand sees three quarters of negative GDP growth in CY23
In the Half Year Economic and Fiscal Update, the New Zealand Treasury has forecasted three-quarters of a shrinking economy starting in the second quarter of 2023. Key notes Lifts planned bond issuance by nz$18bln over 4 years. Forecasts … [Continue reading]
NZD/USD is creeping lower into the closing hours of Wall Street
NZD/USD bears move in as profit-taking ensues. The markets will look to he the NZ Half Year Economic and Fiscal Update on Wednesday and the Fed. NZD/USD is higher by some 1.29% on the day as the markets take profits following a volatile … [Continue reading]
USD/JPY falls more than 250 pips after US CPI
US inflation slows more than expected in November. Japanese yen soars across the board following the report. USD/JPY drops below 135.00 to one –week lows. The USD/JPY collapsed after the release of US inflation data. The pair dropped from 137.60 to … [Continue reading]
BOE: Financial pressures on UK companies expected to rise in 2023
In its latest Financial Stability Report, the Bank of England (BOE) said that financial pressures on UK companies, especially for smaller firms, are expected to rise in 2023. Additional takeaways as summarized by Reuters "Risk of global debt … [Continue reading]