The ECB prepared the market well for today’s rate meeting. Esther Reichelt, FX Analyst at Commerzbank, notes that the Euro is well positioned to strengthen against the US Dollar. Euro goes well prepared into the ECB meeting “A 50 bps rate hike … [Continue reading]
Asian Stock Market: Gains seem restrictive despite Fed’s smaller rate hike and subdued oil price
Asian stocks are mildly positive despite the upbeat market mood post-Fed’s less-hawkish policy. Thursday’s session is going to be super-duper volatile ahead as the interest rate decision by the ECB and the BoE. Chinese equities are likely to dance to … [Continue reading]
GBP/USD Price Analysis: Bulls eye a run to test the 1.24s resistance
GBP/USD bulls riding the whitewash of the Fed's dovish tilt and eye a break into the 1.24s. Resistance could be tough ahead and the bulls are not out of the woods yet. GBP/USD rallied overnight on US Dollar weakness following the Federal Reserve … [Continue reading]
AUD/USD turns positive, climbs above 0.7100 after Fed’s decision, as Powell speaks
AUD/USD snaps three days of losses as the Federal Reserve increased rates by 25 bps. Federal Reserve officials stated that more increases would be appropriate. US central bank policymakers decided that future rate hikes would be in 25 bps … [Continue reading]
US: ISM Manufacturing PMI declines to 47.4 in January vs. 48 expected
US ISM Manufacturing PMI fell more than expected in January. US Dollar Index stays in negative territory below 102.00. The economic activity in the US manufacturing sector continued to contract at an accelerating pace in January with the ISM … [Continue reading]
Germany 10-y Bond Auction up to 2.27% from previous 2.25%
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/CAD stays depressed near 1.3300 as Oil price grinds higher, focus on OPEC+, Fed
USD/CAD licks its wounds after falling the most in a week. Oil price struggles despite softer US Dollar as markets brace for OPEC+ verdict. Softer US data, yields join bearish bias for the Fed to lure Loonie pair sellers. Canada GDP appeared … [Continue reading]
GBP/USD Price Analysis: Bears eye a discount for a test of 1.2300
GBP/USD bears are in control and taking out structures along the way. The focus is on the Fed but the technicals remain biased to the downside. GBP/USD is currently trading at 1.2310 and is around flat for the day ahead of the … [Continue reading]
Ethereum Price Prediction: Smart money absorption targets $1,800
Ethereum price has been consolidating for two weeks after rallying 40%. ETH could extend gains into the mid-$1,800 zone. Invalidation of the bullish scenario is a breach beneath $1,522. Ethereum price is in a two-week consolidation stage likely to … [Continue reading]
Canada: Economy cooled during Q4 but was far from ice cold – CIBC
Data released on Tuesday showed the Canadian economy grew 0.1% in November, with Q4 GDP estimated to have increased at a 1.6% annualized pace. Analysts at CIBC point out that the Canadian economy cooled during the final quarter of last year but was … [Continue reading]