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]
US ISM Manufacturing PMI improves to 49.3 in December vs. 48.4 expected
The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, … [Continue reading]
United States ISM Manufacturing Prices Paid registered at 52.5 above expectations (51.7) in December
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]
United States ISM Manufacturing PMI came in at 49.3, above forecasts (48.4) in December
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/USD is at parity risk amid Fed-ECB policy divergence
EUR/USD finds interim support near 1.0220; however, more downside looks likely. The Fed is expected to cut interest rates two times this year. Investors await the US ISM Manufacturing PMI and the German HICP data for December. EUR/USD finds … [Continue reading]
FX option expiries for Jan 3 NY cut
FX option expiries for Jan 3 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0200 1.7b 1.0250 1.9b 1.0300 3.4b 1.0425 633m 1.0575 759m USD/JPY: USD … [Continue reading]
Gold price holds ground due to safe-haven demand amid rising tensions in Middle East
Gold price receives support from safe-haven flows as Joe Biden discussed contingency plans to strike Iran’s nuclear facilities. The dollar-denominated Gold could struggle as the US Dollar Index trades around its multi-year high of 109.56, reached on … [Continue reading]
Ripple’s XRP shows upside bias in first two days of 2025
XRP long-term holders soaked up short-term holders' recent profit-taking as they resumed accumulation. Buyers across top exchanges have dominated sellers since the beginning of 2025. XRP could test the $2.9 resistance after breaking out of a key … [Continue reading]
GBP/USD forecast: 2024 low at siege amid risk aversion
UK manufacturing output contracted by more than anticipated in December. Market players buy the Greenback as mounting uncertainty weighs. GBP/USD pressures fresh multi-month lows with a firmly bearish stance. The US Dollar (USD) resumed its advance … [Continue reading]
EUR/USD Price Forecast: Sellers maintain the pressure, aim for sub-1.0300 levels
EUR/USD Current price: 1.0330 The Hamburg Commercial Bank downwardly revised the December EU Manufacturing PMI. United States indexes aim to start the day with modest gains despite the souring mood. EUR/USD trades near a fresh two-year low and looks … [Continue reading]