Gold Price is pressured and taking on a critical micro trend line. This leaves the bias on the downside while below $1,780/00 and a break of $1,702 open risk to $1,670. The Gold Price is consolidated towards the lows of the US session range … [Continue reading]
EUR/GBP surges above 0.8700 after hawkish ECB, dovish BoE
The Euro soars more than 100 pips against the Pound Sterling. ECB Lagarde opened the door for further 50 bps rate hikes in subsequent meetings. BoE’s decision ended 75 bps rate hikes, though it stated its commitment to tame inflation. The EUR/GBP … [Continue reading]
Gold Price Forecast: A pause in Fed’s rate hiking cycle is normally supportive for XAU/USD – ANZ
Synchronised rate hikes and a stronger US Dollar have weighed on Gold in 2022. But the tide is turning in favour of the yellow metal, in the opinion of economists at ANZ Bank. Interest rate environment is likely to remain supportive into 2024 “The … [Continue reading]
France Consumer Price Index (EU norm) (MoM) registered at 0.4%, below expectations (0.5%) 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]
Singapore Unemployment rate remains unchanged at 2% in 3Q
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: Cable seesaws at six-month high ahead of Bank of England-inspired ‘Super Thursday’
GBP/USD grinds higher after refreshing the multi-day top. US Dollar remains pressured after unimpressive Federal Reserve decision. Statistics from United Kingdom have been mixed, mostly upbeat for GBP/USD. Bank of England is up for 50 bps rate hike … [Continue reading]
USD/JPY Price Analysis: Bulls and bears await the Fed, the lines are drawn
USD/JPY now all depends on the outcome of the Federal Reserve. USD/JPY bears need to get below 134.00 while the bulls need to get above 135.60 and then 138.00. As per the prior analysis, USD/JPY bears are moving in again ahead of the Fed, … [Continue reading]
USD/CAD sticks to intraday gains, remains below 1.3600 ahead of FOMC decision
USD/CAD gains some positive traction on Wednesday, though lacks follow-through. A further recovery in crude oil prices underpins the Loonie and acts as a headwind. Bearish USD further contributes to capping gains ahead of the key FOMC decision. The … [Continue reading]
VanEck investment giant believes Bitcoin price could hit $12,000 with a wave of miner bankruptcies
VanEck, an investment giant, believes Bitcoin miners will go bankrupt despite a slowdown in the Federal Reserve’s liquidity tightening measures. This goes against the overall outlook on Bitcoin which turned bullish after the US inflation report … [Continue reading]
EUR/USD retreats towards 1.0600 despite upbeat options market signals
EUR/USD renews intraday low near 1.0600 as it pares the biggest daily jump in a fortnight around a six-month high heading into Wednesday’s European session. In doing so, the Euro braces for the US Federal Open Market Committee (FOMC) monetary … [Continue reading]