USD/CAD has picked strength after testing the critical support at 1.3370. The end of the four-day winning spell by the S&P500 is portraying caution in the risk impulse. Lower-than-anticipated Canada’s December CPI report has delighted the … [Continue reading]
AUD/USD buyers stepped around weekly lows, dragging the pair towards 0.6970s on weak USD
The Australian Dollar got bolstered by China’s upbeat GDP and improvement in Australia’s consumer sentiment. New York Fed Empire State Manufacturing Index plunged as business conditions deteriorated, augmenting speculations for a Fed pivot. AUD/USD … [Continue reading]
EUR/USD Forecast: Buying interest picks up pace
EUR/USD Current Price: 1.0836 The January German ZEW Survey showed a sharp improvement in Economic Sentiment. Stock markets trade in the red, limiting high-yielding currencies' upward potential. EUR/USD grinds higher ahead of the US opening but … [Continue reading]
USD/JPY: Risks a probable drop to 126.35 – UOB
Further downside could force USD/JPY to retest the 126.35 level in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘downward momentum appears to … [Continue reading]
Japan Tertiary Industry Index (MoM): -0.2% (November) vs previous 0.2%
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 Price Analysis: Bulls eye a break of 1.3450 for a look in at the 1.35 area
USD/CAD is based above a prior target low in the 1.3320s. USD/CAD is embarking on a correction but 1.3450 needs to give. As per the prior analysis, the bears were in control and ran into the target in the 1.3320s but threw in the towel there. … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Don’t miss the ship from fear of wet feet
Bitcoin price maintains its bullish stance above $20,000. Ethereum price aims for $1,700 as a short-term target. u\XRP price forms a strong bullish reversal pattern on the weekly time frame. The crypto market remains elevated after an incredible … [Continue reading]
EUR/USD: Further consolidation likely below 1.0760 – UOB
Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia suggest a breakdown of 1.0760 could motivate EUR/USD to attempt some consolidation. Key Quotes 24-hour view: “We highlighted last Friday that ‘despite the relatively large gains, … [Continue reading]
France Budget Balance fell from previous €-143.22B to €-159.3B 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]
Gold Price Forecast: Overbought conditions could threaten XAU/USD bulls amid light trading
Gold price holds at nine-month highs near $1,930 amid a strong start to the week. US Dollar falls further on hopes of slower Federal Reserve rates hikes, USD/JPY drop. United States holiday could prompt high volatility amid thin liquidity. Gold … [Continue reading]