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: XAUUSD stuck around $1,740 as Dollar bulls fight back
XAU/USD Current price: $1,740.33 Market focus is on the FOMC Meeting Minutes and US Durable Goods Orders to be out on Wednesday. Wall Street trades with a better tone after Monday’s weakness, enough to limit USD strength. XAUUSD trades with a soft … [Continue reading]
Indonesia: Current Account surplus widens in Q3 – UOB
Economist at UOB Group Enrico Tanuwidjaja reviews the latest current account figures in Indonesia. Key Takeaways “Indonesia’s 3Q22 CA position recorded a surplus of USD4.4bn (or an equivalent of 1.3% of GDP), higher than 2Q22's USD4bn (1.2% of GDP). … [Continue reading]
EUR/USD: Rebound may have already peaked just shy of 1.05 – Crédit Agricole
Economists at Crédit Agricole CIB Research believe that the EUR/USD pair may have already peaked just shy of the 1.05 level last week. A recession will be hard to avoid “The EUR failed to benefit much from the broad risk-on tone that saw equity gains … [Continue reading]
EUR/USD oscillates around 1.0260, upside looks likely as risk-off impulse eases
EUR/USD has turned sideways after retreating from 1.0225 as traction is returning to risk-sensitive assets. Less-hawkish commentary from Fed policymakers has started weighing on US Treasury yields. The ECB is expected to slow down its pace of hiking … [Continue reading]
USD/CHF grinds near 0.9600 after six-day uptrend, market sentiment is the key
USD/CHF seesaws near the highest levels in over a week. Risk aversion underpins the US Dollar’s haven demand. Coronavirus woes, Fed concerns weigh on the sentiment ahead of important data/events. USD/CHF treads water around the weekly high near … [Continue reading]
United States 5-Year Note Auction declined to 3.974% from previous 4.192%
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: Chicago Fed National Activity Index declines to -0.05 in October
Chicago Fed's National Activity Index fell into negative territory in October. US Dollar Index clings to strong daily gains above 107.50. The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) declined to -0.05 in October from 0.17 in … [Continue reading]
Global Equity Strategy: Bear market is not over – Goldman Sachs
Analysts at Goldman Sachs provide a grim outlook on global equity markets through 2023. Key quotes "We continue to think that the near-term path for equity markets is likely to be volatile and down before reaching a final trough in 2023." Goldman … [Continue reading]
FTX exploiter triggers weekend crash, here’s what to expect from Bitcoin price
FTX exploiter has made bold moves over the weekend, triggering a market sell-off. If Bitcoin (BTC) price can bounce off the $15,550 support level it could trigger an 18% upswing to $18,784. Invalidation of this outlook will occur on a daily … [Continue reading]