Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following … [Continue reading]
GBP/USD to see further dips below 1.20 in the coming months– Rabobank
Share: GBP/USD briefly dropped below the 1.20 level earlier this week. Economists at Rabobank expect the pair to see further dips below 1.20 in the coming months. EUR/GBP seen at 0.90 around the middle of the year “We expect to see further … [Continue reading]
NZD may lag, saddled by the fallout of high rates in the housing sector – ING
Share: Economists at ING think there are more downside risks to NZD compared to AUD over the course of 2023. NZD less attractive than AUD “An ultra-hawkish Reserve Bank of New Zealand is good from a carry perspective, but has already generated … [Continue reading]
Gold Futures: Extra losses appear not favoured
Share: CME Group’s flash data for gold futures markets noted traders reduced their open interest positions for yet another session on Thursday, this time by nearly 3K contracts. On the other hand, volume kept the choppiness intact and increased by … [Continue reading]
USD/CNH fails to test 6.8000 on lower-than-projected China inflation report
Share: USD/CNH has sensed selling pressure and dropped from around 6.8000 as China’s monthly CPI shows deflation. Deflation in China’s monthly CPI and PPI might compel authorities to keep the policy expansionary. The USD Index is aiming to reclaim … [Continue reading]
New Zealand Electronic Card Retail Sales (YoY) came in at 2.7% below forecasts (9.1%) 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]
Gold Price Forecast: Increasing signs of an upcoming bearish run
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]