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]
Gold Price Forecast: XAU/USD to extend its rally on slowing inflation – Commerzbank
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thursday and could lend further tailwind to the yellow metal, economists at Commerzbank … [Continue reading]
FX option expiries for Jan 10 NY cut
FX option expiries for Jan 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0825 462m - GBP/USD: GBP amounts … [Continue reading]
Gold Price Forecast: XAU/USD bulls need validation from $1,877 and Fed Chair Powell – Confluence Detector
Gold price seesaws around the highest levels since June 2022 as multiple technical indicators probe bulls. Recent shift in Fed talks, US inflation expectations also probe the XAU/USD bulls. Fed’s Powell needs to defend aggressive rate hikes to tease … [Continue reading]
USD/JPY slides below 132.00 despite mixed Tokyo Inflation data, focus on Fed Chair Powell
USD/JPY extends two-day downtrend even after mixed Tokyo inflation figures. Tokyo Consumer Price Index eased below market forecasts, CPI ex Food, Energy matched upbeat expectations. Downbeat yields, hawkish hopes from BOJ challenge recovery … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Grabbing a bull by the horns
Bitcoin price is up 5% on the month after hurdling the $17,000 zone. Ethereum price outperforms Bitcoin's gains by 400%. XRP price shows resistance during the recenent uptrend move. The crypto market is feverishly moving north. Time will … [Continue reading]
USD/JPY: Support is seen at 129.62/52 and eventually 127.53/27 – Credit Suisse
USD/JPY has fallen sharply post US payrolls. In the view of analysts at Credit Suisse, the recent strength has been corrective only and stay bearish for 127.53/27. Resistance at 134.78/89 set to cap “The recovery in USD/JPY last week was unable to … [Continue reading]
AUD/USD clings to gains near multi-month top, comfortably above 0.6900 amid weaker USD
AUD/USD gains traction for the second straight day and rallies to its highest level since late August. A combination of factors weighs heavily on the greenback and remains supportive of the move up. Looming recession risks might hold back bulls from … [Continue reading]
GBP/USD surpasses 1.2150 despite Fed sees hawkish policy continuation into 2024
GBP/USD is looking to extend the upside further as the Federal Reserve may choose a smaller interest rate hike ahead. Weaker United States Services PMI after poor Manufacturing PMI has triggered recession fears. Considering the stubbornness in United … [Continue reading]
GBP/USD extends gains above 1.2100 as US recession fears soar
GBP/USD has overstepped the critical resistance of 1.2100 amid risk-on impulse. A sheer decline in economic activities in the United States has triggered recession fears. BOE Mann has warned that an energy price cap-inspired fall in inflation could … [Continue reading]