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]
Japan Imports (YoY) above forecasts (-10.3%) in May: Actual (-9.9%)
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]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Lawsuits and hearings take precedence over CPI and FOMC
Share: Bitcoin price is still moving within a falling wedge, with a corrective pace suggesting an incoming rally north. Ethereum price could rise 10% to $1,941 if bulls sustain above the uptrend line. Ripple price could drop 10% to $0.447 as XRP … [Continue reading]
Crypto traders wonder what’s next for the crypto tokens labeled as securities by the SEC
Share: The US Securities & Exchange Commission has failed to provide adequate clarity on how several crypto tokens are labeled as securities. Crypto traders ask what the next steps are and whether these assets can be registered as … [Continue reading]
EUR/GBP target lowered to 0.8450 and GBP/USD target raised to 1.2800 – Credit Suisse
Share: One of Credit Suisse’s most consistent views over the course of 2023 has been GBP bullishness. Economists at the bank take a fresh look at the Pound. GBP could well become and then remain among the highest yielders in G10 space Getting to a … [Continue reading]
UK GDP expands 0.2% MoM in April vs. 0.2% expected
Share: UK GDP arrived at 0.2% MoM in April vs. 0.2% expected. GBP/USD defends 1.2600 on as expected UK GDP data. The UK Gross Domestic Product (GDP) monthly release for April, reported this Wednesday, showed that the British economy grew 0.2% in … [Continue reading]
GBP/USD grinds below 1.2625 hurdle ahead of UK data dump, FOMC
Share: GBP/USD seesaws around the highest levels in over a month amid cautious markets ahead of UK GDP, Fed. Market’s reassessment of BoE vs. Fed divergence also prods Cable buyers on the key data. Pound Sterling can remain firmer unless UK’s … [Continue reading]
EUR/USD Price Analysis: Bulls eye a break of key daily resistance
Share: EUR/USD bulls are in the market and eye a break of 1.0830. All now depends on the Fed ahead of the ECB late rin the week. EUR/USD popped and dropped on Tuesday after hitting a 3-week high. A weaker dollar Tuesday … [Continue reading]
NZD/USD consolidates above the 200-day SMA post-US CPI
Share: The NZD/USD jumped to 0.6177 and holds above the 200-day SMA. US CPI decelerated in May, and investors now fully price in a hike pause on Wednesday by the Fed. Eyes on Fed decision, FOMC macro forecasts and dot plots. In Tuesday’s session, … [Continue reading]
USD/CAD could take another run at the low 1.33 zone if US data reports comply – Scotiabank
Share: The CAD is marginally firmer against the USD on the day but remains confined to a now familiar trading range above 1.33. Economists at Scotiabank analyze USD/CAD outlook. Limited scope for counter-trend corrections The positive risk backdrop … [Continue reading]