NZD/USD struggles for clear directions after two-day downtrend. China CPI matches upbeat expectations, PPI drops below forecasts in December. New Zealand Building Permits rallied in November and favored bulls ahead of key data. Hopes of softer US … [Continue reading]
Dogecoin Price Prediction: DOGE faces resistance as bears seek to reverse the trend
Dogecoin price has risen by 10% since January 1. DOGE nears strong resistance as bulls are at the midway point of the previous trading range. Invalidation of the bearish thesis could occur from daily settle above $0.083. Dogecoin price is expected … [Continue reading]
Silver Price Analysis: XAG/USD rejected from $24.00, looks at $23.00
XAG/USD is under pressure after breaking short-term support levels during the American session. The metal is under pressure, approaching the $23.00 level. US Dollar mixed as equity prices rises modestly. Silver is under pressure during Wednesday’s … [Continue reading]
US CPI: USD rallies should be sold into unless Core measure surprises to the upside – TDS
Economists at TD Securities analyze how tomorrow's all important US Consumer Price Index (CPI) print could impact the Dollar and the USD/JPY and EUR/USD pairs. The bar is high to compel a reversal of fortune “The market has moved back to fading Fed … [Continue reading]
Natural Gas Futures: Extra losses appear favoured in the short term
CME Group’s flash data for natural gas futures markets showed another daily build in open interest on Tuesday, now by around 16.6K contracts. On the other direction, volume shrank by nearly 60K contracts, extending the ongoing choppiness. Natural … [Continue reading]
USD/CNH Price Analysis: At make or a break below 6.80 ahead of US/China Inflation
Investors are awaiting US/China inflation data for fresh cues. The absence of follow-up buying after a Double Bottom formation indicates a lack of strength in the US Dollar. Declining 50-EMA adds to the downside filters. The USD/CNH pair is … [Continue reading]
Japan’s Saito: Interest rates remain low but current situation won’t last indefinitely
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]
United States 3-Year Note Auction fell from previous 4.093% to 3.977%
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: XAU/USD to extend its rally on slowing inflation – Commerzbank
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thursday and could lend further tailwind to the yellow metal, economists at Commerzbank … [Continue reading]
FX option expiries for Jan 10 NY cut
FX option expiries for Jan 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0825 462m - GBP/USD: GBP amounts … [Continue reading]