Share: Federal Reserve Bank of New York President John C. Williams said in prepared remarks at the Housatonic Community College in Connecticut that the economic outlook is uncertain and that their decision will be driven by the data. He expects real … [Continue reading]
Colombia National Jobless Rate meets expectations (12.7%) in February
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]
GBP/USD to reach 1.26 at year-end – ANZ
Share: GBP/USD remained in a range of 1.19-1.24 in the first quarter of 2023. Economists at ANZ Bank expect the pair to edge higher toward 1.26 by the end of the year. Higher interest rates are expected to be a feature of BoE meetings ahead “While a … [Continue reading]
Gold Futures: Further upside not ruled out
Share: Open interest in gold futures markets rose by nearly 2K contracts after three consecutive daily drops on Thursday according to preliminary readings from CME Group. Volume, instead, shrank for the fourth session in a row, now by around 53.1K … [Continue reading]
IMF’s Salgado: See prospect, potential of more flexibility at long end of curve under BoJ’s YCC policy
Share: International Monetary Fund (IMF) Japan Mission Chief Ranil Salgado said on Friday, “we do see a prospect and the potential of more flexibility a the long end of the curve under the Bank of Japan’s (BOJ) YCC policy.” Additional … [Continue reading]
Gold Price Forecast: XAU/USD bulls run into key resistance
Share: Gold price bulls are in the market and eye the $2,000s. The Federal Reserve´s preferred inflation measure could be a catalyst on Friday. Gold price has been buoyed in part by a weaker US Dollar and expectations for a fall in interest rates. … [Continue reading]
This is why Cardano price might have a bumpy road following a 25% recovery
Share: Over the last two weeks, Cardano price has shot up significantly but is still far away from even establishing new 2023 highs. The improving market conditions for ADA could trigger a sell-off among the holders. The recent rallies from January … [Continue reading]
GBP/USD can head towards the key 1.2426 December high and 1.2500 resistances – ING
Share: GBP/USD climbs above 1.23. Economists at ING expect the pair to enjoy further gains toward the key 1.2426 (December high) and 1.2500 resistances. Bailey helping the Pound “Bank of England Governor Andrew Bailey sounded relatively hawkish in … [Continue reading]
Gold Price Forecast: XAU/USD holds steady around $1,960 mark amid softer US Treasury Yields
Share: XAU/USD prices retreat as banking sector concerns ease. First Citizens Bancshares acquires failed Silicon Valley Bank’s assets. US Treasury bond yields rally amid renewed investor confidence. XAU/USD rebounded after reaching a low of $1,944 … [Continue reading]
North Korea’s Kim Jong Un: Should be fully ready to use nuclear weapons at any time
Share: North Korean leader Kim Jong Un called for scaling up weapons-grade nuclear materials to increase the country's nuclear arsenal, saying it should be fully ready to use the weapons at any time, state media KCNA said on Tuesday. His remarks … [Continue reading]