Share: EUR/USD bulls are in the market and eye a break of 1.0830. All now depends on the Fed ahead of the ECB late rin the week. EUR/USD popped and dropped on Tuesday after hitting a 3-week high. A weaker dollar Tuesday … [Continue reading]
NZD/USD consolidates above the 200-day SMA post-US CPI
Share: The NZD/USD jumped to 0.6177 and holds above the 200-day SMA. US CPI decelerated in May, and investors now fully price in a hike pause on Wednesday by the Fed. Eyes on Fed decision, FOMC macro forecasts and dot plots. In Tuesday’s session, … [Continue reading]
USD/CAD could take another run at the low 1.33 zone if US data reports comply – Scotiabank
Share: The CAD is marginally firmer against the USD on the day but remains confined to a now familiar trading range above 1.33. Economists at Scotiabank analyze USD/CAD outlook. Limited scope for counter-trend corrections The positive risk backdrop … [Continue reading]
Euro approaches 1.0800 inspired by a likely decline in Fed-ECB policy divergence, US CPI eyed
Share: Euro has attracted significant bids as a decline in the Fed-ECB policy divergence is widely anticipated. An interest rate hike by the ECB is expected despite fears of a recession in Europe. The energy component is expected to soften the US … [Continue reading]
USD/CAD draws support from bearish Oil prices, weaker USD to cap gains ahead of US CPI
Share: USD/CAD ticks higher for the second straight day, albeit lacks follow-through buying. Bearish Crude Oil prices undermine the Loonie and act as a tailwind for the major. The emergence of fresh USD selling bias caps gains ahead of the crucial … [Continue reading]
EUR/USD edges higher past 1.0750 as ECB garners more hawkish bets than Fed, German/US inflation eyed
Share: EUR/USD picks up bids to reverse the late Monday’s retreat from three-week high. Markets place comparatively more hawkish bets on ECB than Fed as recent US data arrives softer. Today’s German, US inflation data, ZEW Survey figures will be … [Continue reading]
GBP/USD Price Analysis: Bears test bullish commitments at key daily support area
Share: GBP/USD bears are moving and eyes are on trendline support. Bulls are firming at a prior resistance structure on the daily chart. GBP/USD bears have come into the market ahead of key economic data. UK labour market figures … [Continue reading]
CRV price at risk of collapse even as founder takes measures to fight liquidation
Share: Curve Finance CEO deposited 38 million CRV tokens into AAVE to mitigate liquidation risk. Over 30% of CRV’s circulating supply has been staked to fight the risk of price collapse. CRV price declined 22.75% in the past week in response … [Continue reading]
EUR/USD Forecast: Euro upside to remain capped ahead of key events
Share: EUR/USD edges higher to start the week. Technical outlook points to a buildup of bullish momentum. Investors could refrain from committing to a steady advance in the pair. EUR/USD advances beyond 1.0750 during the European trading … [Continue reading]
BoJ’s Wakatabe: The central bank communication would be very interesting
Share: Bank of Japan (BoJ) policymaker Masazumi Wakatabe said in a Bloomberg TV interview early Monday, “the communication would be very interesting” at the upcoming policy meeting this Friday. Key quotes “It’s still too early to call that this … [Continue reading]