USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally's tracks from … [Continue reading]
GBP underperformance unlikely to persist – HSBC
The recent GBP underperformance is largely due to a less hawkish BoE and sluggish domestic activity data but its underperformance is unlikely to continue in the light of a rebound in global risk sentiment and improving domestic dynamics, economists … [Continue reading]
Lagarde speech: Inflation is way too high, will stay course with rate hikes
European Central Bank (ECB) President Christine Lagarde is speaking at a panel discussion titled "Finding Europe's New Growth" at the World Economic Forum (WEF), in Davos this Thursday. Key quotes Economic news have become much more … [Continue reading]
Solana Price Prediction: Buy the dip or end of bull rally?
Solana price produced a sell signal on January 19, resulting in a 13% crash. Investors can expect this correction to continue, resulting in another 17% drop. A daily candlestick close above $23.38 that flips it into a support floor will invalidate … [Continue reading]
USD/CNY fix: 6.7674 vs. the previous fix of 6.7602
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.7674 vs. the previous fix of 6.7602 and the prior close of 6.7620. About the fix China maintains strict control of the yuan’s rate on the mainland. The … [Continue reading]
United States Net Long-Term TIC Flows rose from previous $67.8B to $171.5B in November
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/CHF tumbles to lowest since November 2021 on lower yields and weaker Dollar
Swiss Franc rises sharply versus Dollar and Euro. Expectations about a less hawkish ECB support the Swiss Franc. USD/CHF falls for the fifth consecutive day on Wednesday. The USD/CHF is falling by almost a hundred pips on Wednesday after trimming … [Continue reading]
Improving global growth should support NOK and SEK – Nordea
Bad start to the year, but the Swedish Krona and the Norwegian Krone should see improvement ahead, in the view of analysts at Nordea. Risk-sensitive currencies should do better if calls for global recession do not materialise “China’s reopening and … [Continue reading]
Gold Futures: Further downside appears limited
Open interest in gold futures markets reversed the recent uptrend and shrank by around 3.5K contracts on Tuesday according to preliminary readings from CME Group. Volume followed suit and dropped for the second consecutive session, now by nearly 2K … [Continue reading]
USD/JPY jumps 200-pips to cross 130.00 as BoJ holds interest rate, YCC policy intact
USD/JPY rises over 200-pips on the BoJ inaction, eyes the biggest daily jump in seven months. Bank of Japan leaves benchmark rate, YCC policy unchanged. Yields rally following the BoJ announcements while equities, stock futures and DXY decline. BoJ … [Continue reading]