The shared currency bulls have shifted into a positive trajectory after climbing above parity. Investors are underpinning the euro bulls as hawkish ECB bets soar. Advancing 20-EMA adds to the upside filters. The EUR/USD pair is displaying … [Continue reading]
Gold Price Forecast: XAU/USD bulls on the verge of a significant breakout
Gold is on the verge of a significant bullish turnaround, but it all depends on the Fed. Technically, the bulls need to hang on above hourly support and break a daily H&S neckline. The gold price is higher by some 0.70% on the day as the … [Continue reading]
Breaking: Bank of Canada hikes policy rate by 50 bps vs 75 bps expected
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 could sustain a substantial drop to the low of 2020 at 0.5506 – Credit Suisse
AUD/USD is set to remain under pressure. Therefore, economists at Credit Suisse expect the pair to potentially dive to the low of 2020 at 0.5506. AUD/USD to suffer a deeper decline “With medium-term momentum staying bearish, we look for a fall to the … [Continue reading]
USD/CAD battles 1.3600 as bears stay in control ahead of BOC
USD/CAD is consolidating the downside ahead of the BOC expected 75 bps hike. Upbeat Asian markets take the wind out of the USD recovery, WTI trades listlessly. The pair looks to test the 1.3565 support after the rising wedge … [Continue reading]
Breaking: Aussie CPI beats estimates, putting a bid into AUD/USD
Australia’s third quarter Consumer Price Index has put a bid into AUD/USD: Aussie CPI Australia Q3 RBA trimmed mean CPI +1.8% QoQ (Reuters poll +1.5 pct). Australia Q3 CPI (all groups) +1.8 pct QoQ (Reuters … [Continue reading]
EUR/GBP steadies below 0.8700 following a reversal from 0.8750
Euro's reversal from the 0.8900 area finds support at 0.8750. The pound appreciates as Sunak cams the market. EUR/GBP likely to reach 0.90 in the coming months – SocGen. The euro has given away gains on Tuesday against a stronger British pound, … [Continue reading]
Gold Price Forecast: XAU/USD marches firmly towards $1660 on falling US bond yields
Gold price rises as US Treasury bond yields fall due to market players’ expectations of the Fed slowing the pace of tightening. The US housing market continues to deteriorate, while the CB Consumer Confidence missed estimations on inflation … [Continue reading]
EUR/USD: The hurdle for a return towards the low nearer 0.9550 is high – SocGen
EUR/USD advanced for a fourth day on Monday. If bad news is ‘in the price’, the pair is unlikely to slip back to the 0.9550 low, economists at Société Générale report. The 0.9950 area is significant resistance “The bad news is priced in and so the … [Continue reading]
What can be done to prevent capital from shifting from the eurozone to the US? – Natixis
Financial investors and companies are better to invest in the United States than in the eurozone for several reasons. How can this trend be corrected? Analysts at Natixis explain why capital will be diverted from the eurozone to the US. Is … [Continue reading]