Share: The Pound Sterling holds strength amid UK Spring Budget announcement. Measures outlined in the UK Budget could significantly impact the inflation outlook. Fed Powell didn't provide timing for rate cuts in his prepared remarks. The … [Continue reading]
GBP/USD to press strong resistance at 1.2800/1.2825 – ING
Share: Today sees UK Chancellor, Jeremy Hunt, present a pre-election budget. The Pound Sterling (GBP) is the only G10 currency to print positive total returns against the US Dollar (USD) this year. An expansionary UK budget would support the GBP, … [Continue reading]
Australian Dollar strengthens on improved ASX 200 amid a stable US Dollar
Share: Australian Dollar recovers intraday losses as the ASX 200 Index improves on Wednesday. Australian GDP (QoQ) grew by 0.2%, slightly below the expected 0.3% in the fourth quarter of 2023. Commonwealth Bank of Australia reiterated its … [Continue reading]
Australia Gross Domestic Product (QoQ) came in at 0.2% below forecasts (0.3%) in 4Q
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]
Bitcoin price’s new peak sends spot BTC ETFs past $50 billion in assets
Share: Bitcoin price recorded a peak of $69,324 on Tuesday only for a short while before a retraction. It is unlikely that BTC will peak at $69K twice, with $70,000 likely to come soon. Almost $200 million shorts have been liquidated against $324 … [Continue reading]
RBA will cut rates quite late and support the Aussie until then – Commerzbank
Share: The Australian growth figures for the fourth quarter will be published on Wednesday, March 6. Economists at Commerzbank analyze Aussie’s outlook ahead of the Gross Domestic Product (GDP) report. No recession, but no turnaround in growth yet … [Continue reading]
AUD/USD: Recovery potential for the Aussie in the course of the year – Commerzbank
Share: After a brief roller coaster ride, AUD/USD is now trading at the same level as at the end of November. Economists at Commerzbank analyze the pair’s outlook. Cautious RBA provides support We still believe that the AUD has the potential to … [Continue reading]
Japanese Yen remains on the defensive against USD, seems vulnerable to slide further
Share: The Japanese Yen ticks higher on stronger Tokyo CPI, albeit lacks follow-through. The BoJ policy uncertainty is holding back the JPY bulls from placing fresh bets. Traders also seem reluctant and prefer to wait for the US macro data/event … [Continue reading]
Stock Market Today: Nifty and Sensex eye a negative start to Tuesday’s trading
Share: India’s Nifty and Sensex are set to open in the red on Tuesday after a modest end on Monday. Nifty and Sensex refreshed record highs on Monday amid India’s growth story and the global rally. The focus shifts toward Fed Chair Powell and US … [Continue reading]
Bitcoin price nears all-time high as BTC market cap surpasses $1.3 trillion
Share: Bitcoin price is trading within the upper range of the November 2021 supply zone as crypto markets rally. BTC could reclaim its $69,000 peak, a level last seen in November 2021, with the potential for an extension to $70K. The pioneer … [Continue reading]