Economists at TD Securities think EURUSD will decline back below parity despite the most recent uptick. EURUSD likely to bottom out around 0.96 “The EUR is not out of the wood yet, leaving us to expect another trip below parity to start … [Continue reading]
USDJPY to reverse back lower to 130 in 12 months – Danske Bank
Economists at Danske Bank expect USDJPY to inch higher in the next few months but expect the pair to turn back lower in the long-run. Pressure on JPY will wear off “The key driver of USDJPY remains the global inflation outlook and US treasury … [Continue reading]
Indonesia Exports dipped from previous 20.28% to 12.3% in October
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]
AUDUSD subdued after Federal Reserve official’s commentary, as RBA minutes loom
Federal Reserve policymakers are committed to tackling inflation in the United States, bolstering the US Dollar. Australia’s Consumer Confidence improved, Aussie Dollar traders eye RBA minutes. AUDUSD Price Analysis: The inverted head-and-shoulders … [Continue reading]
USDCAD bulls eye a significant correction
USDCAD is on the brink of a move higher as the US Dollar firms. WTI pressured on Covid cases in China, denting CAD. USDCAD is making tracks on the upside on Monday, partly as oil prices fall and the greenback rallies against a … [Continue reading]
USDIDR: Range of 15,390 to 15,590 for the week ahead – MUFG
USDIDR gapped lower on Friday after being in a narrow range of about 15,650-15,750 over the past week. Economists at MUFG Bank expect the pair to trade within a 15,390-15,590 range this week. USDIDR seen at 15,700 by the end of the year “For the week … [Continue reading]
Eurozone Industrial Production expands by 0.9% in September vs 0.3% expected
Industrial Production in the euro area grew at a stronger pace than expected in September. EURUSD trades deep in negative territory at around 1.0300. Industrial Production in the euro area and the European Union expanded by 0.9% on a monthly basis … [Continue reading]
Gold Price Forecast: XAUUSD pulback could provide opportunity to reclaim $1,800
Gold price is retreating from three-month highs as US Dollar stages a comeback. Federal Reserve Governor Waller’s comments lift the US Dollar with the Treasury yields. Gold price appears a ‘Buy the dips’ trade, Federal Reserve … [Continue reading]
AUDUSD Price Analysis: A deceleration opens risk of a break to 0.6650 and below
AUDUSD bears are lurking below 0.6750 for the open. 0.6620 and 0.657 are guarding the 0.6550 target area. As per the prior analysis heading towards the final sessions for the week, AUDUSD Price Analysis: Bears hold the fort at a 50% … [Continue reading]
Gold, The Chart of the Week: XAU/USD bears licking their lips, watching for lower timeframe distribution
Gold could be about to move into a phase of distribution. The rally is decelerating on the lower timeframes. As per last week's pre-open analysis, Gold, Chart of the Week: XAUUSD bulls pushing up against key resistances ahead of US CPI, where … [Continue reading]