Economists at Crédit Agricole CIB Research believe that the EUR/USD pair may have already peaked just shy of the 1.05 level last week. A recession will be hard to avoid “The EUR failed to benefit much from the broad risk-on tone that saw equity gains … [Continue reading]
EUR/USD oscillates around 1.0260, upside looks likely as risk-off impulse eases
EUR/USD has turned sideways after retreating from 1.0225 as traction is returning to risk-sensitive assets. Less-hawkish commentary from Fed policymakers has started weighing on US Treasury yields. The ECB is expected to slow down its pace of hiking … [Continue reading]
USD/CHF grinds near 0.9600 after six-day uptrend, market sentiment is the key
USD/CHF seesaws near the highest levels in over a week. Risk aversion underpins the US Dollar’s haven demand. Coronavirus woes, Fed concerns weigh on the sentiment ahead of important data/events. USD/CHF treads water around the weekly high near … [Continue reading]
United States 5-Year Note Auction declined to 3.974% from previous 4.192%
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]
US: Chicago Fed National Activity Index declines to -0.05 in October
Chicago Fed's National Activity Index fell into negative territory in October. US Dollar Index clings to strong daily gains above 107.50. The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) declined to -0.05 in October from 0.17 in … [Continue reading]
Global Equity Strategy: Bear market is not over – Goldman Sachs
Analysts at Goldman Sachs provide a grim outlook on global equity markets through 2023. Key quotes "We continue to think that the near-term path for equity markets is likely to be volatile and down before reaching a final trough in 2023." Goldman … [Continue reading]
FTX exploiter triggers weekend crash, here’s what to expect from Bitcoin price
FTX exploiter has made bold moves over the weekend, triggering a market sell-off. If Bitcoin (BTC) price can bounce off the $15,550 support level it could trigger an 18% upswing to $18,784. Invalidation of this outlook will occur on a daily … [Continue reading]
Guangzhou has locked down for five days
China’s southern metropolis of Guangzhou has been locked down for five days. The city of 19 million has become the epicenter of China’s latest Covid outbreak and is the worst since the start of the pandemic to have hit Guangzhou. The city is the … [Continue reading]
AUDUSD Price Analysis: Bears eye a breakout to the downside for the opening sessions
AUDUSD's weekly rejection has been in play with 0.6500 eyed. Bears seek a break below 0.6670 and 0.6650 for the opening sessions. AUDUSD was pressured at the end of last week with the US Dollar gaining slightly making its largest weekly … [Continue reading]
XRP is a beacon of light in the crypto winter and could be proven an outlier next week
Ripple price action trades in a tight range against last week's volatile session. XRP could be seen rallying if more investors cherry-pick the cryptocurrency. Traders try to stay in their positions to avoid falling below key hurdles. Ripple … [Continue reading]