European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Thursday that “housing markets across the world responding to rising interest rates, early indications of reduced demand.” Further comments “Vulnerabilities accumulated … [Continue reading]
AUD/USD advances towards 0.6800 as US Dollar extends losses amid a risk-on mood
AUD/USD is inching strongly towards the crucial hurdle of 0.6800 as US Dollar is facing immense selling pressure. The US Dollar is exposed to test a three-month low at 105.34 amid a risk appetite theme. Economists at ANZ Bank believe that the … [Continue reading]
EUR/USD to average 0.95 in H1 2023 – JP Morgan
Analysts at JP Morgan (JPM) expect EUR/USD pair to average 0.9500 during the first half (H1) of the next year (2023) while also citing possibilities of a test towards 0.9000 (assuming no de-escalation in geopolitics). The investment bank also … [Continue reading]
Cardano price could challenge retail bears with an uptrend liquidity hunt
Cardano price auctions under a broken support zone, which could cause a short-term pullback. ADA shows October’s traders in profit, which creates liquidity for market makers in the mid $0.30 zone. Invalidation of the bullish potential is a breach … [Continue reading]
USD/MXN Price Analysis: Testing critical support around 19.30
Mexican peso rises again versus US dollar. USD/MXN tests critical support around 19.25/30. Upside remains limited while under 19.55/60. The USD/MXN is falling on Wednesday for the second day in a row, amid a weaker US Dollar and ahead of the … [Continue reading]
Conditions of inflation turning into hyperinflation much closer to being met in eurozone than in US – Natixis
Could inflation turn into hyperinflation in the United States or the eurozone? Economists at Natixis determine the conditions that must be met for inflation to turn into hyperinflation. Is there a risk of hyperinflation? “In the US, … [Continue reading]
Gold Price Forecast: XAU/USD yearns for a bull flag breakout amid an impending bullish crossover
Gold closed in the green for the first time in five days on Tuesday. As FXStreet’s Dhwani Mehta notes, XAU/USD is about to confirm a bull flag. Favorable daily technical setup “The wait for a bull flag confirmation almost seems over, as Gold price … [Continue reading]
USD/CAD marches towards 1.3400 as oil bulls take a breather, Fed Minutes eyed
USD/CAD grinds near intraday high after posting the biggest daily fall in two weeks. Oil prices stabilize following a rebound from the 10-month low. Market’s anxiety ahead of the key data/events joins China’s Covid woes to challenge the Canadian … [Continue reading]
South Korea BOK Manufacturing BSI came in at 70 below forecasts (72) in December
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: XAUUSD stuck around $1,740 as Dollar bulls fight back
XAU/USD Current price: $1,740.33 Market focus is on the FOMC Meeting Minutes and US Durable Goods Orders to be out on Wednesday. Wall Street trades with a better tone after Monday’s weakness, enough to limit USD strength. XAUUSD trades with a soft … [Continue reading]