Federal Reserve governor Lisa Cook said in her first public remarks on monetary policy since joining the central bank's Washington-based board "inflation remains stubbornly and unacceptably high, and data over the past few months show that … [Continue reading]
Russia Central Bank Reserves $ down to $540.7B from previous $549.7B
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]
EUR/USD: Parity becomes a tough nut to crack – ING
EUR/USD showed some resistance at the 1.0000 level on Wednesday before falling back down. Economists at ING expect the pair to remain below parity. Parity is an increasingly relevant level “Considering the reluctance to turn more bullish on the euro … [Continue reading]
WTI defends $87 amid OPEC+ output cuts, impending bear cross
WTI consolidates the three-day rally above the $87 mark on Thursday. Investors digest the 2M barrels/day OPEC+ output cuts and EU price cap on Russian oil. Drawdown in EIA crude stockpiles also supports the black gold amid a weaker US dollar. WTI … [Continue reading]
GBP/JPY Price Analysis: Subdued below the 78.6% Fibonacci, as sellers gain momentum
The GBP/JPY daily chart delineates the pair as neutral-biased from a technical perspective. However, the pair meanders around the 78.6% Fibonacci retracement, which, once broken, will resume the GBP/JPY downtrend. Contrarily, a break above 164.00 … [Continue reading]
EUR/GBP Price Analysis: Faces solid resistance around 0.8770s, falls to 0.8720
EUR/GBP drops below the 20-day as buyers’ momentum abate. The Relative Strength Index (RSI) pierced the 50-midline but is almost flat. The EUR/GBP 4-hour chart portrays a rising-wedge formed, targeting a fall towards 0.8600. The EUR/GBP bounces off … [Continue reading]
Gold extends slide toward $1,700 after US data
Gold is down more than 1% on a daily basis on Wednesday. 10-year US Treasury bond yield surges higher in the American session. Hawkish Fed bets provide a boost to the greenback after latest data releases. Gold came under renewed bearish pressure and … [Continue reading]
IEA’s Birol: Europe will have 25-30% gas left if there are no surprises
International Energy Agency (IEA) Chief Fatih Birol said on Wednesday that “Europe will have 25-30% gas left if there are no surprises and if the winter is normal.” Additional quotes This winter will be difficult, but the next winter will be … [Continue reading]
GBP/USD faces strong resistance at 1.1600 – UOB
The upside momentum in GBP/USD now faces a tough barrier at the 1.1600 region, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research. Key Quotes 24-hour view: “We highlighted yesterday … [Continue reading]
European Parliament approves crypto tax policy and the use of blockchain for collecting tax
The members of parliament adopted a resolution calling on member states’ coordination for crypto assets’ taxation. The resolution also suggested the adoption of blockchain technology for more transparent and efficient tax collection. The crypto … [Continue reading]