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/CAD Price Forecast: The first upside barrier is seen above 1.4450
USD/CAD softens to near 1.4350 in Tuesday’s early European session. The positive view of the pair prevails above the 100-day EMA with the bullish RSI indicator. The first upside barrier to watch is 1.4450; the initial support level is … [Continue reading]
China’s NBS Manufacturing PMI eases to 50.1 in December, Non-Manufacturing PMI rises to 52.2
China’s official Manufacturing Purchasing Managers' Index (PMI) eased to 50.1 in December, compared to 50.3 in the previous reading. The reading came in below the market consensus of 50.3 in the reported month. The NBS Non-Manufacturing PMI … [Continue reading]
AUD/USD languishes near recent lows
AUD/USD tried to stage a Monday rally, but fizzled. Aussie markets are set to be dark most of the week, but China data remains. Key US figures this week loom ahead with Friday’s ISM PMI. AUD/USD churned on Monday, aiming for higher ground but … [Continue reading]
Gold Price Forecast: XAU/USD pierces $2,600 amid mounting risk aversion
XAU/USD Current price: $2,599.81 Thin holiday conditions exacerbate market movements ahead of New Year’s Eve. Uncertainty about what the new year will bring sends investors into safety. XAU/USD accelerated its slide after Wall Street’s opening and … [Continue reading]
EUR/USD Price Forecast: Modest advance as thin trading continues
EUR/USD Current price: 1.0452 ECB Governing Council member Knot commented on potential benefits of Chinese trade. The United States will publish some minor macroeconomic figures after the opening. EUR/USD advances in thin trading conditions, faces … [Continue reading]
Japanese Yen remains tepid due to pre-New Year light trading
The Japanese Yen gains ground as traders expect the BoJ to deliver an interest rate hike in January. Japan’s Jibun Bank Manufacturing PMI reached 49.6 in December, exceeding the expected 49.5 and prior 49.0 readings. The US Dollar remains subdued as … [Continue reading]
USD/INR extends rally as US Dollar bids spike
The Indian Rupee tumbles in Monday’s Asian session. A firmer USD, Donald Trump's trade policies and India's economic challenges weigh on the INR. The possible RBI intervention might prevent the local currency from depreciating … [Continue reading]
AUD/USD holds positive ground above 0.6200 in thin year-end trading
AUD/USD gains ground to near 0.6220 in Monday’s early Asian session. Fed officials have become more cautious about cutting interest rates, which might support the USD. The RBA dovish expectation is likely to weigh on the Aussie. … [Continue reading]
Russia Unemployment Rate in line with expectations (2.3%) in October
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]