Share: NZD/USD recovers from the lower level in two months but lack follow-through. RBNZ Inflation Expectations for Q3 improves to 2.83% QoQ versus 2.79% prior. Impending bull cross on MACD, gradually improving RSI favor corrective bounce but … [Continue reading]
EUR/GBP retakes 0.8600, struggles to capitalize on its recovery from over one-week low
Share: EUR/GBP rebounds from over a one-week low touched during the Asian session on Wednesday. The worsening UK economic outlook undermines the GBP and prompts intraday short-covering. Expectations that the ECB will end its rate-hiking cycle soon … [Continue reading]
United States API Weekly Crude Oil Stock: 4.06M (August 4) vs -15.4M
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]
Silver Price Analysis: XAG/USD approaches oversold conditions amid USD strength
Share: XAG/USD lost more than 4% this week and fell to monthly lows near $22.65. The USD benefited due to a sour market mood. Markets try to decipher the next Fed movements while speakers deliver mixed signals. On Tuesday, the XAG/USD continued … [Continue reading]
Cardano whales anticipate ADA price rally, scoop up highest token volume since September 2022
Share: Cardano whales and sharks that hold between 100,000 and 10 million ADA tokens are accumulating the altcoin. Whale accumulation has hit the highest level since September 2022. Cardano’s on-chain transaction volume is in a … [Continue reading]
EUR/GBP consolidates in a narrow range around 0.8620, investors await UK GDP
Share: EUR/GBP oscillates around the 0.8604–24 region in a narrow trading band. The German Harmonized Index of Consumer Prices (HICP) came in at 6.5%, as expected. The Bank of England (BoE) policymaker said interest rates were … [Continue reading]
GBP/USD Price Analysis: Cable justifies downbeat UK retail spending to reverse from 50-SMA to 1.2750
Share: GBP/USD prints the first daily loss in three, holds lower grounds of late. UK BRC Retail Sales suggest the lowest public spending in 11 months. 50-SMA precedes 1.2825-30 resistance confluence to test Pound Sterling buyers. Upbeat oscillators … [Continue reading]
AUD/USD edges higher towards 0.6600 ahead of China/US trade numbers amid mixed markets
Share: AUD/USD remains defensive after bouncing off two-month low, following a three-day uptrend. Mixed sentiment, light calendar allow Aussie pair to grind higher. Risk catalysts remain mostly unimpressive, seek fresh clues to entertain momentum … [Continue reading]
BoE’s Pill: Latest data points to more persistent inflation
Share: Bank of England (BoE) Chief Economist Huw Pill said on Monday that there are risks on both sides of UK inflation. According to him, inflation is likely to return to the target during the first half of 2025. He expects inflation to fall to 5% … [Continue reading]
Fed’s Bowman: Additional rate hikes will likely be needed to lower inflation to target
Share: In remarks prepared for delivery to a "Fed Listens" event in Atlanta, Federal Reserve (Fed) Governor Michelle Bowman said that additional rate increases will likely be needed to lower inflation back to target, per Reuters. Bowman … [Continue reading]