Share: EUR/USD consolidates as markets await key US data. US Durable Goods Orders declined more than expected. US GDP on Wednesday, German CPI inflation on Thursday. EUR/USD remains strung along the middle near 1.0850 after Tuesday brought little … [Continue reading]
USD/CAD pares back Tuesday’s early decline after US Durable Goods Orders flub forecasts
Share: USD/CAD started the day soft before a pivot in the US session. Canada absent from the economic calendar on Tuesday. US Durable Goods declined more than expected, US PCE in the pipe. USD/CAD settled to an intraday low of 1.3484 before … [Continue reading]
Natural Gas sinks with Macron being called back quickly
Share: Natural Gas prices whipsaws and drops near 1%. Traders are pushing gas prices lower with Germany blocking any chance of boots on the ground in Ukraine. The US Dollar Index consolidates below 104.00 ahead of a chunky calendar. … [Continue reading]
Worldcoin creates on-chain winners after posting 230% monthly gains
Share: Worldcoin price climbed over 230% in the past month as the Artificial Intelligence narrative and NVIDIA earnings catalyzed gains. WLD price rally created several on-chain winners, wallets that realized between 80% and 200% gains on their … [Continue reading]
EUR/USD Price Analysis: Hovers around the major level of 1.0850
Share: EUR/USD could meet the immediate resistance at the 38.2% Fibonacci retracement level of 1.0864. The lagging indicator MACD implies a potential shift towards bullish momentum for the pair. The key support area appears around the 21-day EMA at … [Continue reading]
NZD/USD loses ground below the 0.6200 barrier, investors await the RBNZ rate decision
Share: NZD/USD holds a negative note near 0.6170 in Tuesday’s early Asian session. Sticky inflation in the US prompted investors to push back against the expectation of rate cuts. The RBNZ is expected to keep the rate on hold on Wednesday, … [Continue reading]
EUR/USD Forecast: Extra gains need to leave behind 1.0830
Share: EUR/USD resumed its uptrend north of 1.0800. ECB’s Stournaras favoured a rate cut in June. Markets’ attention will be on US PCE, EMU CPI. Following Friday’s knee-jerk, EUR/USD managed to resume its multi-session recovery and revisited the … [Continue reading]
EUR/USD: Downtrend can extend on a break under last week’s low of 1.0760 – SocGen
Share: EUR/USD on front foot. Economists at Société Générale analyze the pair’s technical outlook. Upside limited EUR/USD recently carved out an interim trough at 1.0695. An initial bounce is under way, but the pair is struggling to establish … [Continue reading]
USD/CAD sticks to intraday gains around 1.3525 amid weaker Crude Oil prices
Share: USD/CAD scales higher for the second successive day on Monday amid sliding Oil prices. Retreating US bond yields undermines the USD, though does little to hinder the uptick. The US housing market data could produce short-term trading … [Continue reading]
Singapore Industrial Production (YoY) came in at 1.1%, below expectations (4.5%) 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]