Share: XAU/USD Current price: $1,872.23 An uptick in US Treasury yields and weaker indexes back the greenback in the American session. Federal Reserve President Thomas Barkin's encouraging words weighed on sentiment. XAU/USD changed course after … [Continue reading]
EUR/USD Forecast: Bulls cautiously adding longs
Share: EUR/USD Current Price: 1.0765 German inflation rose less than anticipated in January, up by 9.2% YoY. Easing Treasury yields and the positive tone of equities undermined demand for the USD. EUR/USD grinds higher and approaches its weekly … [Continue reading]
Sweden Riksbank Interest Rate Decision in line with expectations (3%)
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]
Here’s what Cardano’s biggest sell signal in seven months means for ADA holders
Share: Cardano price tugs the $0.402 resistance level after its 72% rally. Investors should expect a steep correction to $0.321 due to the ongoing bearish divergence. A daily candlestick close that flips the $0.402 hurdle into the support floor … [Continue reading]
EUR/JPY Price Analysis: Downside looks favored on Inverted Flag formation
Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside filters. High volatility is expected from the cross as investors await German inflation … [Continue reading]
USD/JPY Price Analysis: Bears eye a bearish close for the bear below 131.00
Share: USD/JPY bears are testing structure support that guards yesterday's closing price. Bears will remain in control while below the micro-trendline resistance. USD/JPY is starting to break down the bullish structure and the bears are … [Continue reading]
EUR/USD Price Analysis: Remains under pressure below 1.0780
Share: EUR/USD fails to extend the bounce past the 1.0780 level. The 3-month line near 1.0780 keeps capping the upside. EUR/USD bounces off Tuesday’s lows near 1.0670, although the bullish attempt runs out of steam near 1.0760. As long as the … [Continue reading]
Riksbank Preview: Forecasts from seven major banks, 50 bps, but the peak is not far off
Share: The Riksbank is set to announce its Interest Rate Decision on Thursday, February 9 at 08:30 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of seven major banks for the … [Continue reading]
Japan Eco Watchers Survey: Outlook came in at 49.3, above expectations (46.2) in January
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]
USD/JPY traces softer yields to slid beneath 131.00, US President Biden’s SOTU eyed
Share: USD/JPY extends the previous day’s bearish momentum with a slower pace. US Treasury bond yields ease amid mixed news, unimpressive Fed talks and Japan trade numbers. Market sentiment remains sluggish as traders await US President Biden’s … [Continue reading]