Share: In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the likelihood of extra gains in AUD/USD seems to have lost some traction for the time being. Key Quotes 24-hour view: “Our view that AUD would … [Continue reading]
Gold Price Forecast: XAU/USD struggles to remain above $1,940 as fears of US banking crisis trim
Share: Gold price is making efforts for maintaining its auction above $1,940.00. The recent rally in the Gold price was driven was weakness in the USD Index and fears of a banking sector meltdown. The USD Index is showing a subdued performance as … [Continue reading]
Japan’s Matsuno: Will allocate more than 2 trillion Yen to cushion blow to economy from rising prices
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/USD Price Analysis: Bulls are in the market and eye a bullish extension
Share: GBP/USD bulls are in the market ahead of the central banks. Bulls are the front side of the bullish trend leaving the bias bullish near and longer term. GBP/USD is grappling with the 1.22 area on Tuesday, keeping close to an … [Continue reading]
A nod by Powell to downside growth risks could accelerate USD profit taking even if the Fed hikes – SocGen
Share: Nod by Fed Chair Powell to tighter financial conditions and downside growth risks could accelerate Dollar profit taking, economists at Société Générale report. Dovish Fed hike could trip up the Dollar “A smaller 25 bps rate increase by the … [Continue reading]
NZD/USD: NZ’s remoteness to instability still makes it one of the “cleaner dirty shirts” – ANZ
Share: The Kiwi is lower. But analysts at ANZ Bank are not reading too much into it given how volatile markets have been of late. Lots of balls in the air “Fears about the instability of the US banking system continue to linger, and may for some … [Continue reading]
USD/CAD: Softer Oil, US Dollar rebound tease Loonie buyers ahead of BoC inflation
Share: USD/CAD renews intraday high while bouncing off one-week low ahead of key Canada data. Mixed sentiment, hawkish Fed bets allow US Dollar to pare recent losses. WTI crude oil fades bounce off the lowest levels since December 2021. BoC CPI … [Continue reading]
Gold Price Forecast: XAU/USD grinds beyond $1,940 support, banking crisis, Federal Reserve in focus
Share: Gold price keeps the previous day’s pullback from YTD high, directionless of late. Corrective bounce in United States Treasury bond yields, hawkish Federal Reserve bets prod XAU/USD bulls. Banking crisis, successful break of the previous key … [Continue reading]
Axie Infinity Price Prediction: The 2023 Game Developers Conference could pump AXS 24% to this level
Share: Axie Infinity price has maintained above a crucial support level as the Game Developers Conference kicks off in San Francisco’s Moscone Convention Center. As event-related hype grows, AXS could soar 24% to tag the $10.94 resistance level in … [Continue reading]
Lagarde speech: Without tensions, would have indicated further hikes would be needed
Share: "We are very confident that capital and liquidity positions of the Euro area banks are well in excess of requirements," European Central Bank (ECB) President Christine Lagarde told European Parliament's Committee on Economic … [Continue reading]