Mexican peso rises again versus US dollar. USD/MXN tests critical support around 19.25/30. Upside remains limited while under 19.55/60. The USD/MXN is falling on Wednesday for the second day in a row, amid a weaker US Dollar and ahead of the … [Continue reading]
Conditions of inflation turning into hyperinflation much closer to being met in eurozone than in US – Natixis
Could inflation turn into hyperinflation in the United States or the eurozone? Economists at Natixis determine the conditions that must be met for inflation to turn into hyperinflation. Is there a risk of hyperinflation? “In the US, … [Continue reading]
Gold Price Forecast: XAU/USD yearns for a bull flag breakout amid an impending bullish crossover
Gold closed in the green for the first time in five days on Tuesday. As FXStreet’s Dhwani Mehta notes, XAU/USD is about to confirm a bull flag. Favorable daily technical setup “The wait for a bull flag confirmation almost seems over, as Gold price … [Continue reading]
USD/CAD marches towards 1.3400 as oil bulls take a breather, Fed Minutes eyed
USD/CAD grinds near intraday high after posting the biggest daily fall in two weeks. Oil prices stabilize following a rebound from the 10-month low. Market’s anxiety ahead of the key data/events joins China’s Covid woes to challenge the Canadian … [Continue reading]
South Korea BOK Manufacturing BSI came in at 70 below forecasts (72) in December
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]