Share: In an interview with an Irish newspaper on Thursday, European Central Bank (ECB) policymaker Gabriel Makhlouf said that “a further rate hike is possible.” Additional comments There's little chance of a rate cut before March. We are not … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1730 vs. 7.1732 previous
Share: The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1730, compared with the previous day's fix of 7.1732 and 7.3052 estimated. Furthermore, the PBoC injects 169 billion Yuan into Open … [Continue reading]
Chainlink price at cross roads after a 20% climb
Share: Chainlink price is up 20%, rising from the September 12 low of $5.808 to $6.887, the current price value. LINK is at crossroads after meeting the supply zone at $7.103. The $7.361 level is the roadblock to beat. A rejection from the $7.103 … [Continue reading]
EUR/USD making a run for 1.0750 ahead of Fed’s rate call
Share: EUR/USD breaking to the upside as markets position ahead of the Fed. The Fed is expected to stand pat on interest rates, give updated economic outlook. Fed chair Jerome Powell to hold press conference 30 minutes after data release. The … [Continue reading]
AUD/USD Price Analysis: Soars to near 0.6500 ahead of FOMC decision
Share: AUD/USD rallies to near 0.6500 as the PBoC maintains a dovish interest rate policy. The Fed is expected to keep interest rates unchanged at 5.25-5.50% as the US inflation has been consistently falling. AUD/USD rebounds after discovering … [Continue reading]
Greece Current Account (YoY) increased to €0.828B in July from previous €-0.638B
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]
GBP/JPY trades with modest intraday losses, just above 183.00 ahead of UK CPI
Share: GBP/JPY meets with some supply on Wednesday, albeit lacks follow-through. Traders look to the UK CPI for some impetus ahead of the BoE on Thursday. Speculations about an imminent shift in the BoJ's dovish stance to cap gains. The GBP/JPY … [Continue reading]
AUD/JPY Price Analysis: Soars to 1 ½ month high; is 96.00 on the horizon?
Share: AUD/JPY rallies to 95.64, its highest level in one-and-a-half months, buoyed by RBA’s latest monetary policy minutes. Following resistance levels in sight: July 25 swing high at 95.85 and the psychological 96.00 mark. Downside risks remain, … [Continue reading]
AUD/USD Forecast: Short-term bullishness lacking conviction
Share: AUD/USD Current Price: 0.6458 RBA minutes reveal no surprises, and the market anticipates no changes at the next meeting. Attention turns to the FOMC, particularly on Powell's remarks and the staff's macroeconomic projections. AUD/USD … [Continue reading]
AUD should stand to benefit when China stabilisation comes into play – OCBC
Share: AUD drifted higher following tentative signs of improvement in China data. Economists at OCBC Bank discuss Aussie’s outlook. Room for gains Looking out, we still favour AUD to trade higher on of expectations that China growth could stabilise … [Continue reading]