Share: Economists at Westpac discuss the EUR, CAD and GBP outlook for 2023 and 2024. Euro is expected to grind higher through 2023 and 2024 “Euro is expected to grind higher through 2023 and 2024, to USD 1.10 and USD 1.15 at the end of each year. … [Continue reading]
AUD/USD Price Analysis: Pares Aussie-employment-induced losses, H&S highlights 0.6865 support
Share: AUD/USD rebounds from 0.6865-70 support confluence to consolidate biggest daily loss in two weeks. Convergence of head-and-shoulders’ neckline, two-month-old ascending trend line challenges bears. Buyers need validation from 21-DMA to retake … [Continue reading]
GBP/USD Price Analysis: Braces for a bumpy road to south, 200-DMA in the spotlight
Share: GBP/USD consolidates the biggest daily loss in a fortnight around weekly low. Ascending trend lines from January and last November precede 200-DMA to challenge bears. U-turn from 50-DMA, bearish MACD signals favor sellers. GBP/USD stays … [Continue reading]
United States 20-Year Bond Auction: 3.977% vs 3.678%
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]
US: Retail Sales rise by 3% in January vs. 1.8% expected
Share: Retail Sales in the US at a stronger pace than expected in January. US Dollar Index continues to push higher toward 104.00 after the upbeat data. Retail Sales in the United States rose by 3% to $697 billion in January, the US Census Bureau … [Continue reading]
Further consolidation likely in AUD/USD for the time being – UOB
Share: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note price action in AUD/USD is now seen within the 0.6865-0.7055 range in the next few weeks. Key Quotes 24-hour view: “We highlighted yesterday that AUD could rise to … [Continue reading]
Indonesia Trade Balance came in at $3.87B, above forecasts ($3.35B) 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]
US Dollar Index bounces off weekly low amid unimpressive US inflation, hawkish Fed bets
Share: US Dollar Index probes two-day downtrend near the weekly bottom. Fed talks defend rate hike bias despite softer US inflation. Treasury yields renew multi-day high following the US CPI on upbeat Fed talks and propel DXY’s rebound. US Retail … [Continue reading]
Fed’s Williams: The work to control too high inflation is not done
Share: Federal Reserve Bank of New York President John Williams has crossed the wires with a hawkish tone. He said on Tuesday that inflation remains too high and central bank action aimed at cooling price pressures will exact some unavoidable pain … [Continue reading]
Aptos price caught between a rock and a hard place as CPI data pulls indecisive scenario
Share: Aptos price jumps higher on the back of a lower inflation print against the previous month. APT, meanwhile, gets a rejection to the upside at an important historical level. Expect to see APT go nowhere until the US closing bell, some … [Continue reading]