Share: Mexican Peso propped up by recovering market sentiment. Mexico Trade Balance due Friday to be overshadowed by US PCE Price Index inflation. Surprise drop in US inflation indicators pins risk appetite despite overall mixed bag. The Mexican … [Continue reading]
Gold Price Forecast: XAU/USD has limited upside in the short-term – ANZ
Share: Economists at ANZ Bank believe Gold’s recent price rally is ahead of fundamentals. A steady rate and falling inflation could see real rates rising, capping the rally in the short-term. Q1 2024 forecast lowered to $1,950 Softening US economic … [Continue reading]
USD/CHF Price Analysis: Consolidates above 0.8600 ahead of US core PCE data
Share: USD/CHF remains choppy above 0.8600 ahead of Fed’s preferred inflation tool. The appeal for the US Dollar remains bearish as rate cut expectations by the Fed deepen. USD/CHF may continue its downside journey towards 0.8555. The USD/CHF pair … [Continue reading]
USD/INR gathers strength ahead of US GDP data
Share: Indian Rupee drifts lower amid the modest rebound of the USD. The Reserve Bank of India’s (RBI) monthly bulletin emphasized a strong warning on inflation. Market players will focus on the US GDP for Q3, due later on Thursday. Indian Rupee … [Continue reading]
GBP/USD remains on the defensive below the mid-1.2600s ahead of US GDP data
Share: GBP/USD drops to 1.2638 on the modest rebound in USD, softer UK inflation data. The annual rate of Existing Home Sales climbed to 3.82M in November, better than the 3.77M expected. November’s UK CPI figure climbed 3.9% MoM vs. 4.6% prior, … [Continue reading]
EUR/USD Forecast: Risks starting to tilt to the downside
Share: The US Dollar Index modestly rises but continues to face pressure. Upside potential in EUR/USD remains limited while below 1.1000. Data scheduled in the US on Thursday includes Jobless Claims, Philly Fed, and Q3 GDP. The EUR/USD dropped … [Continue reading]
United States EIA Crude Oil Stocks Change registered at 2.909M above expectations (-2.233M) in December 15
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]
EUR/GBP to gradually climb toward 0.90 next year – SocGen
Share: Over the last year, EUR/GBP has averaged 0.87, trading roughly in a 0.85-0.90 range. Economists at Société Générale analyze the pair’s outlook. EUR/GBP on the rise – buy gilts Our forecast for 2024 looks for a gradual climb to 0.90, as the … [Continue reading]
USD/INR gathers strength despite softer USD, US GDP data eyed
Share: Indian Rupee edges lower despite the softer USD. The Reserve Bank of India (RBI) pushed back against the IMF, saying the intervention in the currency market was excessive. Q3 US GDP growth, Core Personal Consumption Expenditures Price … [Continue reading]
NZD/USD loses gains above the mid-0.6200s, eyes on US housing data
Share: NZD/USD loses ground around 0.6261 in the Asian session on Wednesday. RBNZ Governor Adrian Orr said that they were surprised by GDP data last week, indicating the economy shrank. Investors anticipate the Fed to keep rates steady at its … [Continue reading]