EUR/USD Current price: 1.0897 The poor performance of Asian and European indexes help the US Dollar. ECB President Christine Lagarde is due to speak during US trading hours. EUR/USD retains its bearish tone, a near-term upward correction possible. … [Continue reading]
Italy Consumer Price Index (YoY) in line with expectations (0.7%) 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]
Japanese Yen struggles to gain any meaningful traction, not out of the woods yet
The Japanese Yen attracts some haven flows, though it lacks bullish conviction. The BoJ rate-hike uncertainty and disappointing data cap the upside for the JPY. Smaller Fed rate cut bets underpin the USD and offer some support to USD/JPY. The … [Continue reading]
South Korea Unemployment Rate up to 2.5% in September from previous 2.4%
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]
Forex Today: Investors’ focus now shifts to UK inflation
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]