Share: GBP/JPY is marching towards 163.00 on expectations of a dovish BoJ policy. According to a Reuters poll, the BoJ will tweak its YCC in April-June. It is expected that UK’s Manufacturing sector has contracted in January. The GBP/JPY pair has … [Continue reading]
Argentina Industrial Output n.s.a (YoY) increased to 6.3% in January from previous -2.7%
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]
Vechain price could trigger a vicious 30% nosedive below this critical level
Share: Vechain price tanks 4% intraday on Wednesday as altcoins take a turn for the worse. VET bulls are betting on crucial support to come in and halt the bear push. Should price action break below, a 27% bear market could be activated. Vechain … [Continue reading]
Malaysia: BNM expected to keep rates unchanged – UOB
Share: Economist at UOB Group Lee Sue Ann suggests the Bank Negara Malaysia (BNM) could pause its tightening cycle at this week’s event. Key Quotes “Given a moderation in global commodity prices and softer domestic growth momentum amid lingering … [Continue reading]
Netherlands, The Consumer Spending Volume down to 6.2% in January from previous 9.9%
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 steadies above 1.1800 at 3.5-month low amid Brexit, Fed chatters
Share: GBP/USD seesaws around multi-day low after falling the most in 11 weeks. Fed Chairman Jerome Powell’s hawkish Testimony, Brexit woes join BoE rate hike concerns to entertain Cable bears. The deepest US Treasury bond yield curve inversion in … [Continue reading]
AUD/USD Forecast: Aussie remains under pressure, not much support until 0.6535
Share: AUD/USD Current Price: 0.6584 AUD/USD receives two punches, one from the RBA and the other from Fed’s Powell. RBA raises rates again, says inflation has likely peaked; Governor Lowe to speak on Wednesday. US Dollar jumps as … [Continue reading]
Fed Chair Jerome Powell says interest rates may go higher, Bitcoin slips below $22,000
Share: Federal Reserve Chair Jerome Powell stated that the interest rates would be higher than anticipated. Powell also stated that, at the moment, there is little evidence of disinflation in core services. Crypto market immediate reaction to … [Continue reading]
FOMC Chairman Powell likey to say strong economy could lead to more rate hikes – WSJ
Share: FOMC Chairman Powell is likely to note in his testimony before the Senate Banking Committee that strong economic activity this year could lead the Fed to raise rates more than expected, the Wall Street Journal's Nick Timiraos reported on … [Continue reading]
GBP/USD faces further consolidation near term – UOB
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest GBP/USD cold extend the side-line theme between 1.1925 and 1.2120 in the next weeks. Key Quotes 24-hour view: “We expected GBP to edge higher to 1.2070 … [Continue reading]