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]
AUD/USD could sustain a substantial drop to the low of 2020 at 0.5506 – Credit Suisse
AUD/USD is set to remain under pressure. Therefore, economists at Credit Suisse expect the pair to potentially dive to the low of 2020 at 0.5506. AUD/USD to suffer a deeper decline “With medium-term momentum staying bearish, we look for a fall to the … [Continue reading]
USD/CAD battles 1.3600 as bears stay in control ahead of BOC
USD/CAD is consolidating the downside ahead of the BOC expected 75 bps hike. Upbeat Asian markets take the wind out of the USD recovery, WTI trades listlessly. The pair looks to test the 1.3565 support after the rising wedge … [Continue reading]
Breaking: Aussie CPI beats estimates, putting a bid into AUD/USD
Australia’s third quarter Consumer Price Index has put a bid into AUD/USD: Aussie CPI Australia Q3 RBA trimmed mean CPI +1.8% QoQ (Reuters poll +1.5 pct). Australia Q3 CPI (all groups) +1.8 pct QoQ (Reuters … [Continue reading]
EUR/GBP steadies below 0.8700 following a reversal from 0.8750
Euro's reversal from the 0.8900 area finds support at 0.8750. The pound appreciates as Sunak cams the market. EUR/GBP likely to reach 0.90 in the coming months – SocGen. The euro has given away gains on Tuesday against a stronger British pound, … [Continue reading]
Gold Price Forecast: XAU/USD marches firmly towards $1660 on falling US bond yields
Gold price rises as US Treasury bond yields fall due to market players’ expectations of the Fed slowing the pace of tightening. The US housing market continues to deteriorate, while the CB Consumer Confidence missed estimations on inflation … [Continue reading]
EUR/USD: The hurdle for a return towards the low nearer 0.9550 is high – SocGen
EUR/USD advanced for a fourth day on Monday. If bad news is ‘in the price’, the pair is unlikely to slip back to the 0.9550 low, economists at Société Générale report. The 0.9950 area is significant resistance “The bad news is priced in and so the … [Continue reading]
What can be done to prevent capital from shifting from the eurozone to the US? – Natixis
Financial investors and companies are better to invest in the United States than in the eurozone for several reasons. How can this trend be corrected? Analysts at Natixis explain why capital will be diverted from the eurozone to the US. Is … [Continue reading]
WTI fails to cheer downbeat DXY amid recession fears
WTI takes offers to renew intraday low, remains mildly offered though. Softer yields, absence of Fedspeak weigh on DXY, downbeat PMIs magnify economic slowdown risk. API stockpile data, chatters over EU gas price cap could entertain oil traders. WTI … [Continue reading]
EUR/USd Price Analysis: Bulls and bears battle it out at key structure
EUR/USD bulls eye up a key resistance structure. The bears need to get back below 0.9850. EUR/USD's daily chart is indeed bearish while below the trendline resistance. The price is on the verge of a break of structure as per the triangle … [Continue reading]