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]
EUR/USD Price Analysis: Extra consolidation appears in store near term
Share: EUR/USD adds to Monday’s pullback, always below 1.0700. Further weakness could retest the monthly low near 1.0610. EUR/USD keeps the side-lined theme well in place in the lower end of the range in the sub-1.0700 region so far on Tuesday. If … [Continue reading]
AUD/USD remains heavily offered below 0.6900 mark amid stronger USD, risk-off mood
Share: AUD/USD meets with a fresh supply on Tuesday and reverses a major part of the overnight gains. Hawkish Fed expectations, recession fears boost the USD and weigh on the risk-sensitive Aussie. Hawkish-sounding RBA minutes fail to impress … [Continue reading]
USD/CAD bulls eye 1.3490 hurdle on softer Oil price, sour sentiment, Canada inflation, US PMI eyed
Share: USD/CAD picks up bids to reverse the week-start losses but previous support line challenges the bulls. Geopolitical fears, return of full markets weigh on sentiment and underpin US Dollar rebound. Oil price bears the burden of firmer USD and … [Continue reading]
USD/JPY Price Analysis: W-formation’s support structure eyed near 132.80
Share: USD/JPY bears are lurking in territories above a critical structure in the 133.70s. The W-formation could hamstring further bullish advances. USD/JPY has been in the hands of the bulls which leaves a bias to the downside for a move into … [Continue reading]
SNB Vice Chairman: We are still willing to be active on the forex markets
Share: The Swiss National Bank is "still willing" to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday. "If the Swiss franc depreciates we are ready to sell foreign … [Continue reading]
European Monetary Union Consumer Confidence meets forecasts (-19) in February
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/INR: Short-term pullback on a break under 82.30 – SocGen
Share: USD/INR remains below the 83 mark. Economists at Société Générale highlight the key technical levels to watch. Overcoming resistance zone at 82.95/83.30 essential to affirm an extended uptrend “USD/INR has evolved within a large sideways … [Continue reading]
GBP/USD eyes 1.2050 as risk-off impulse cools down further ahead of US/UK PMIs
Share: GBP/USD is marching towards 1.2050 as the risk-off market mood has lost traction. The FOMC minutes will provide detailed guidance on the interest rate policy. Preliminary US/UK PMIs are expected to scale down due to higher interest … [Continue reading]
Japan’s PM Kishid is requesting a meeting of the United Nations Security Council on North Korean missiles
Share: Japan's Prime Minister Fumio Kishida has stated that he is requesting a meeting of the United Nations Security Council on North Korean missiles. This follows the earlier news of It was the first intercontinental ballistic missile … [Continue reading]