Share: Market sentiment improves amid gradually firming bias about no rate hikes from major central banks. RBA’s Lowe, polls on ECB and RBNZ joins Fed talks to suggest an end of hawkish cycle. Mixed concerns about China, cautious mood ahead of more … [Continue reading]
EUR/USD volatile amid US inflation data release, as US bond yields surged
Share: EUR/USD surged to a weekly high of 1.1065 after the release of the US inflation data. US CPI came softer than expected, spurring traders to slash their bets on further Fed tightening. EUR/USD traders focus on the US PPI release and the … [Continue reading]
Gold Price Forecast: XAU/USD clings to minuscule gains after US inflation report
Share: Gold price surged from its lows of around $1913.02 after US inflation data. The July inflation report revealed a 3.2% YoY rise in CPI, below forecasts and June’s 3%. Core CPI, which strips out volatile items, climbed by 4.7% YoY – a tad … [Continue reading]
US Inflation Analysis: Data cements end of hiking cycle, markets may take time to reflect it
Share: Underlying US inflation has edged down to 4.7% YoY in June, temporarily cheering markets. The US Dollar is set for a short-term recovery due to pre-release tumbling. Looking toward the next Federal Reserve decision, the Greenback has room to … [Continue reading]
USD/TRY to reach 30.00 by year-end – Commerzbank
Share: The Turkish Lira still appears to be kept stable by policymakers. But, rate hikes have lagged market expectations and inflation has begun to re-accelerate. Subsequently, economists at Commerzbank have revised up their USD/TRY forecast. … [Continue reading]
AUD/USD advances back closer to mid-0.6500s, traders keenly await US CPI report
Share: AUD/USD regains some positive traction on Thursday, albeit lacks follow-through. China’s economic woes hold back bulls from placing fresh bets around the major. Bets for more Fed rate hikes underpin the USD and contribute to capping the … [Continue reading]
Japan Foreign Bond Investment: ¥438.8B (August 4) vs ¥208.9B
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]
AUD/USD Forecast: More consolidation likely ahead of US CPI
Share: AUD/USD Current Price: 0.6534 Markets remain quiet ahead of US CPI data. The US Dollar posts mixed results, keeping AUD/USD around 0.6550. Risks remain tilted to the downside for the pair, with no clear signs ahead of the Asian session. The … [Continue reading]
United States EIA Crude Oil Stocks Change above expectations (0.567M) in August 4: Actual (5.851M)
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]
USD/MXN: Next objectives could be at 17.80 and April low of 18.00 – SocGen
Share: Economists at Société Générale analyze USD/MXN technical outlook. Receding downward momentum USD/MXN deepened its downtrend towards potential support zone of 16.60/16.40 representing intermittent projections and a multiyear trend line. An … [Continue reading]