XAU/USD Current price: $1,814.62 Fears of a wave of a new coronavirus strain in Europe undermined the market sentiment. The positive tone of US indexes limited demand for the American currency. XAU/USD is technically neutral, but speculative … [Continue reading]
EUR/USD Forecast: Growing fears not enough to knock the EUR
EUR/USD Current Price: 1.0639 New coronavirus-related concerns undermine the market mood in thin trading. EU November M3 Money Supply rose 4.8% YoY, beating expectations. EUR/USD is losing upward momentum, but bears are nowhere to be found. The … [Continue reading]
USD/CNY to gradually dip towards 6.80 by end-2023 – SocGen
The Chinese Yuan has come a long way, recovering to around 7.00/USD from the low of 7.32 in late October. Economists at Société Générale expect the USD/CNY to move slightly down toward 6.80 by the end of 2023. CNY is likely to underperform other … [Continue reading]
EUR/USD drops to near 1.0620 as nations favor safety measures for arrivals from China
EUR/USD is facing pressure as fresh Covid measures taken by various nations for arrivals from China trigger volatility. Absence of recovery signs from S&P500 futures after a two-day sell-off portraying risk-off mood. The United States will … [Continue reading]
AUD/JPY sees buying interest around 90.50 as BOJ advocates an accommodative stance
AUD/JPY is likely to find a cushion around 90.50 amid rising volatility in the Japanese Yen. A spike in Covid infections in China might worsen supply chain bottlenecks further. The BOJ has cleared that the central bank is not ditching the ultra-loose … [Continue reading]
United States 5-Year Note Auction: 3.973% vs previous 3.974%
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 Redbook Index (YoY): 9.6% (December 23) vs 7.6%
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 Forecast: Sellers could take action if 1.2000 fails
GBP/USD has recovered modestly after having declined toward 1.2000. The technical outlook suggests that buyers remain uninterested. The bearish pressure could strengthen if 1.2000 support fails. GBP/USD has managed to erase a small portion of its … [Continue reading]
NZD/USD Price Analysis: Drops back below 200-SMA, monthly support line in focus
NZD/USD holds lower ground near intraday bottom, extends pullback from 50-SMA. Failure to stay beyond 200-SMA, looming bear cross on MACD favor sellers. One-month-old ascending trend line restricts immediate downside. 61.8% Fibonacci retracement adds … [Continue reading]
NZD/USD traces downbeat options market signals to slide beneath 0.6300
NZD/USD takes offers to refresh intraday low near 0.6260, extending the previous day’s downbeat momentum, while tracing the recently bearish options market signals. That said, the Risk Reversal (RR), calculated as the difference between call and put … [Continue reading]