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]
GBP/USD remains depressed near multi-day low, holds above 1.3000 ahead of UK CPI
Share: GBP/USD drifts lower for the fourth straight day and is pressured by a modest USD strength. Expectations for a less hawkish Fed and the risk-on mood to cap gains for the safe-haven buck. Rising bets for more aggressive BoE rate hikes should … [Continue reading]
Fed’s last rate hike coming at July meeting – Reuters poll
Share: "The US Federal Reserve will raise its benchmark overnight interest rate by 25 basis points (bps) to the 5.25%-5.50% range on July 26," per all the 106 economists polled by Reuters in its July survey. More to come... Source … [Continue reading]
EUR/USD Price Analysis: Bears waiting to pounce in resistance
Share: EUR/USD bears are looking for a free lunch and low-hanging fruit. EUR/USD is moving into a key area on the hourly charts. EUR/USD was down in late New York trade but overall little changed after failing to the breakout of … [Continue reading]
GBP/USD can move toward the 1.33 area near term – ING
Share: Economists at ING analyze GBP/USD outlook. Two more BoE rate hikes We can see GBP/USD moving towards the 1.33 area near term. But GBP is subject to the same forces that recently sunk the Dollar – e.g. a soft inflation print could hurt. At … [Continue reading]
EUR/USD might temporarily come under depreciation pressure – Commerzbank
Share: EUR/USD was able to stabilize on Monday. Economists at Commerzbank analyze the pair’s outlook. There is potential for disappointments, particularly on the EUR side Ahead of the Fed and ECB meetings next week, stabilization might continue for … [Continue reading]
US Retail Sales expected to surge in June, deliver potential US Dollar relief
Share: US Census Bureau will publish the June Retail Sales report on Tuesday, July 18. United States Retail Sales are expected to rise by 0.5% after unexpectedly increasing in May. The continued uptick in auto sales to boost US Retail Sales, … [Continue reading]
AUD/USD retreats towards 0.6800 as RBA Minutes fail to impress Aussie bulls ahead of US Retail Sales
Share: AUD/USD reverses from intraday high after unimpressive RBA Minutes. RBA Minutes for July suggest policymakers’ readiness for August rate hike, if needed. Cautious optimism, US-China news joins pre-data positioning to underpin AUD/USD … [Continue reading]
NZD/USD Price Analysis: Bulls seek a break of key trendline resistance
Share: NZD/USD bears are in the market, short-squeeze-eyed. Bulls eye a break of the trendline resistance following test below Friday's lows. The New Zealand Dollar is lower by some 0.75% towards the close in New York trade and is down for the … [Continue reading]
Gold Price Forecast: XAU/USD neutral-to-bearish around $1,950
Share: XAU/USD Current price: $1,954.42 Market participants increase bets of a soon-to-come Federal Reserve’s pause. The US Dollar recovered modestly but remains the weakest G-10 currency. XAU/USD hovers around its daily opening, with the downside … [Continue reading]