Share: Gold price comes under some renewed selling amid reduced bets for an early Fed rate cut. Geopolitical risks and the uncertain global economic outlook to limit losses for the XAU/USD. Traders might also refrain from placing aggressive … [Continue reading]
Australia Westpac Leading Index (MoM) dipped from previous 0.07% to 0.01% 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]
US Dollar gains ground on the back of higher US yields
Share: The DXY Index showcases gains, jumping back above the 200-day SMA near 103.70. No relevant reports were released on Tuesday, focus is set on PCE and GDP data due later this week. Rising yields and markets delaying dovish bets on the Fed … [Continue reading]
US Dollar slightly up with markets looking for direction
Share: The US Dollar eats into its gains on a further decline in Richmond Manufacturing numbers. Traders try to keep powder dry towards main events on Thursday and Friday. The US Dollar Index sees pressure building on 103 to break … [Continue reading]
USD/JPY could struggle to get meaningful traction to the downside in the near-term – SocGen
Share: USD/JPY retreats below 147.50 as the Bank of Japan continues its loose monetary policy. Economists at Société Générale analyze the pair’s outlook. USD/JPY gains overdone relative to 2y UST/JGB spread The BoJ predictably left all policy … [Continue reading]
GBP/USD builds on expectation as BoE to maintain restrictive policy, trades near 1.2740
Share: GBP/USD moves in an upward direction as BoE is expected to maintain its current restrictive policy stance. Economists in a Reuters poll anticipated the BoE to maintain the policy rate at 5.25% in February’s meeting. The escalated … [Continue reading]
Australian Dollar retraces its recent losses after improved Aussie Business Confidence
Share: Australian Dollar gains ground on improved National Australia Bank's Business Confidence. Australian share market rise has the potential to provide support for the AUD. National Australia Bank's Business Confidence improved to -1 in … [Continue reading]
EUR/JPY Price Analysis: Looms around 7-week high as buyers cling to 161.00
Share: EUR/JPY slightly down at 161.15, hovering near 7-week high of 161.86, buoyed by positive sentiment. Technical view: Break above 161.87 could lift EUR/JPY to 162.00, eyeing November peaks at 163.72, 164.31. Downside risk: Falling below … [Continue reading]
EUR/GBP edges lower ahead of ECB decision
Share: The EUR/GBP records 0.20% losses standing at 0.8562. The ECB meets on Thursday, no policy change expected. Daily chart indicators present bearish sentiment: RSI indicates a negative slope in unfavorable territory with MACD's rising red bars … [Continue reading]
EUR/USD can push back above 1.1000 on any upside in European PMIs – SocGen
Share: The highlight this week will be central bank meetings in many parts of the world, including Japan and the Eurozone. US Gross Domestic Product (GDP) will also be in focus. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes … [Continue reading]