A mildly positive session left the US Dollar trading around recent levels against the backdrop of diminishing yields worldwide, while market participants maintained their attention on messages from Fed’s officials regarding the bank’s likely rate … [Continue reading]
Oil prices under pressure due to demand concerns and declining supply risks – Commerzbank
Oil prices have fallen sharply since the beginning of the week, Commerzbank’s FX analyst Carsten Fritsch notes. Price of Brent oil slides below the $75 “The price of Brent oil slid below the $75 per barrel mark in the morning, after trading at just … [Continue reading]
NZD/USD: To face a sustained decline below 0.6050 – UOB Group
The New Zealand Dollar (NZD) is likely to consolidate in a range of 0.6070/0.6110. In the longer run, oversold weakness has not stabilised, but NZD must break clearly below 0.6050 before further sustained decline is likely, UOB Group’s FX analysts … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC targets $70,000 as bullish momentum builds
Bitcoin is retesting the $66,000 resistance level; a firm close above it could continue its ongoing rally. Ethereum price broke above its resistance barrier, eyeing for a rally ahead. Ripple price is approaching the 200-day EMA at $0.553; a close … [Continue reading]
South Korea Trade Balance remains unchanged at $6.66B in September
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]
Canadian Dollar backslides into another low with Canadian CPI inflation around the corner
The Canadian Dollar shed another quarter percent against the Greenback. Canada kicked off a new trading week with an extended holiday. Canadian CPI inflation figures due on Tuesday, BoC rate call looms over the horizon. The Canadian Dollar (CAD) … [Continue reading]
Silver Price Forecast: XAG/USD falls but clings to $31.00
Silver prices decline as a risk-on mood and weak Chinese economic data weigh on the precious metal. Momentum favors buyers, but caution is warranted with the RSI showing signs of weakening. Key resistance lies at $31.63, with bulls aiming for $32.00 … [Continue reading]
NZD/USD: NZD must break below 0.6050 to continue falling – UOB Group
The New Zealand Dollar (NZD) is likely to consolidate in a range of 0.6065/0.6115. In the longer run, oversold weakness has not stabilised, but NZD must break clearly below 0.6050 before further sustained decline is likely, UOB Group’s FC analysts … [Continue reading]
Switzerland Producer and Import Prices (YoY) fell from previous -1.2% to -1.3% in September
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/JPY holds above 149.00 on firmer US Dollar
USD/JPY trades on a stronger note near 149.20 in Monday’s Asian session. The BoJ rate hike uncertainty continues to undermine the JPY, but geopolitical risks might cap its downside. The US PPI supports the case for a Fed rate cut in … [Continue reading]