Share: NZD/USD is now seen trading within the 0.6210-0.6370 range in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: Yesterday, we held the view that NZD “could … [Continue reading]
USD/CAD prints four-day losing streak around mid-1.3100s amid sluggish US Dollar, Oil price
Share: USD/CAD remains pressured at weekly low, reversing Friday’s bounce off 10-month low. US Dollar snaps two-day recovery, Oil price remains sluggish as market sentiment dwindles on mixed Fed, China news. Second-tier employment, housing data … [Continue reading]
Gold Price Forecast: XAU/USD flirts with $1,980 resistance amid US Dollar rebound, mixed clues
Share: Gold Price remains dicey at 10-week high on US Dollar recovery, sluggish markets. Mixed clues about inflation, employment jostle with the US Dollar rebound from multi-month low to prod XAU/USD price. United States economics, Federal Reserve … [Continue reading]
Traders ask how high heavens could be for Bitcoin price as SEC sets down eight BTC ETF applications
Share: The SEC has added six institutional names to the Federal Register, including BlackRock, Fidelity, and other spot BTC ETF applicants. The move, signifying an imminent review process, marks the 11th hour before approvals or rejections make … [Continue reading]
USD Index Price Analysis: Upside alleviated above the 55-day SMA
Share: DXY regains the area above the key 100.00 hurdle on Wednesday. Next on the upside comes the resistance band at 102.60/70. DXY adds to Tuesday’s gains and surpasses the crucial 100.00 barrier on Wednesday. A more serious bullish attempt in … [Continue reading]
European Monetary Union Construction Output w.d.a (YoY): 0.1% (May) vs previous 0.2%
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 remains depressed near multi-day low, holds above 1.3000 ahead of UK CPI
Share: GBP/USD drifts lower for the fourth straight day and is pressured by a modest USD strength. Expectations for a less hawkish Fed and the risk-on mood to cap gains for the safe-haven buck. Rising bets for more aggressive BoE rate hikes should … [Continue reading]
Fed’s last rate hike coming at July meeting – Reuters poll
Share: "The US Federal Reserve will raise its benchmark overnight interest rate by 25 basis points (bps) to the 5.25%-5.50% range on July 26," per all the 106 economists polled by Reuters in its July survey. More to come... Source … [Continue reading]
EUR/USD Price Analysis: Bears waiting to pounce in resistance
Share: EUR/USD bears are looking for a free lunch and low-hanging fruit. EUR/USD is moving into a key area on the hourly charts. EUR/USD was down in late New York trade but overall little changed after failing to the breakout of … [Continue reading]
GBP/USD can move toward the 1.33 area near term – ING
Share: Economists at ING analyze GBP/USD outlook. Two more BoE rate hikes We can see GBP/USD moving towards the 1.33 area near term. But GBP is subject to the same forces that recently sunk the Dollar – e.g. a soft inflation print could hurt. At … [Continue reading]